HOUSTON, May 19, 2004 (PRIMEZONE) -- The Project Group, Inc. (OTCBB:PJTG), a leader in project management solutions, announced today that the University of Texas MD Anderson Hospital, a premier cancer center in the world, has awarded the Company another increase in its current enterprise project management contract.
Craig Crawford, CEO of The Project Group, stated, "The proceeds received by the Company from the preferred stock funding in the first quarter will enable us to add new professional staff and equipment, resulting in greatly enhanced capabilities that are enabling us to take advantage of opportunities like MD Anderson, and demonstrate the tremendous advantages of Enterprise Project Management to our clients."
About The Project Group
The Project Group Inc., a Microsoft Gold Certified Partner, is an emerging growth information technology company specializing in business intelligence advisory services, implementation services, configuration, custom programming and other related products and services using its proprietary methods.
The Project Group provides its expertise to the Fortune 1000, including Waste Management (WMI), Microsoft (MSFT) and Southwest Airlines (LUV). PJTG, headquartered in Houston, was founded in 2001 by senior managers with broad Fortune 1000 project experience. PJTG focuses on providing enterprise based business intelligence solutions and improving performance for its customers throughout the United States and world. Its clients include many of the largest and most prestigious corporations in the world, including Wal-Mart, Microsoft Corporation, Halliburton, Southwest Airlines, Waste Management, and Lukoil.
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 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.