HOUSTON, Oct. 14, 2004 (PRIMEZONE) -- The Project Group, Inc. (OTCBB:PJTG) announced today that it has received a contract for implementing its Sarbanes-Oxley (SOX) solution for a major clothing retailer headquartered in Houston with over 500 stores nationwide. This solution uses Microsoft's (Nasdaq:MSFT) SOX accelerator that is based on Microsoft's SharePoint and InfoPath technologies combined with PJTG's proprietary processes. This engagement is a major win for the executives that joined PJTG when Dolphin Knowledge was acquired in June of 2004.
Mr. Mark Beatty, Vice President of PJTG, said, "We are excited to have the opportunity to showcase our SOX capabilities with a public company of this size. This is our second significant SOX project in the last four months. This success indicates that our focus in this area will generate significant revenue and further demonstrates the value of leveraging the Microsoft platform. Section 404 of SOX is challenging for many companies and we look forward to expanding this line of business with our solution."
Mr. Jim Bettencourt of Microsoft said, "The Project Group has worked with Microsoft over the past year implementing solutions based on the Microsoft SOX accelerator. The Project Group's deep skill in Microsoft's SharePoint Technologies provides them with a strong foundation for implementing SOX solutions."
About The Project Group, Inc.
The Project Group (OTCBB:PJTG) is a Microsoft Gold Certified Partner in Business Intelligence and Information Worker, specializing in Business Performance solutions centered on the areas of Business Intelligence, Workflow & Collaboration, and Enterprise Project and Portfolio Management. The Project Group provides enterprise and project level business solutions to many industries including Oil & Gas, Financial Services, Retail, Hospitality and Pharmaceutical. Many of our clients are household names, such as Southwest Airlines (LUV), Kerr McGee (KMG), and Microsoft (MSFT). PJTG was founded in 2001 by a team of senior technologists and project managers with broad Fortune 1000 project experience, and is headquartered in Houston, Texas.
For more information about the Company and its products and services visit our website at www.projectgroup.com.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that these forward-looking statements, including the ability to generate significant revenue from SOX projects, involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated by these statements. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new opportunities, and the unpredictable nature of business risks; as well as other factors set forth in the Company's most recently filed SEC reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The Company assumes no obligation to update the statements contained in this release.