HOUSTON, Sept. 14, 2005 (PRIMEZONE) -- The Project Group, Inc. (Pink Sheets:PJTGQ), a leader in project management solutions, announced today that a Fortune 100 Global Oil and Gas giant headquartered in Europe has issued a new purchase order to PJTG to continue their Enterprise Project Management (EPM) cross business implementation. This continues a project that started last year and is spreading EPM using Microsoft's Project 2003 on a worldwide basis. This phase of the contract is through December 31, 2005.
"Our Team is continuing to prove the value of Enterprise Project Management and Microsoft's Project, combined with The Project Group's processes. This is further validation by a major client of our team's outstanding success in implementing EPM on a global scale," said Craig Crawford, President and CEO of The Project Group, Inc.
About The Project Group, Inc.
The Project Group is a Microsoft Gold Certified Partner in Business Intelligence and Information Worker Solutions that provides enterprise-level business solutions to Oil & Gas, Financial Services, Retail, Hospitality and Pharmaceutical industries. The Project Group provides project management, collaboration, and Sarbanes-Oxley focused consulting services to Fortune 1000 organizations, including M.D. Anderson Hospital, Microsoft, and several of the largest Oil and Gas Companies in the world. PJTG was founded in 2001, and is headquartered in Houston, Texas. The Project Group, Inc. filed for protection under Chapter 11 of the Federal Bankruptcy Code on July 15, 2005 and is currently developing their re-structure plan for presentation to the Court. For more about The Project Group, Inc. go to: http://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, fulfill all backlogs and the unpredictable nature of business risks; as well as the ability to establish and grow brand awareness of PJTG and 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.