CHARLOTTE, NC--(Marketwire - December 1, 2010) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology consulting, announced that the company has gained new clients and additional business from existing clients under the Finance and Accounting practice in recent months. Mark Elliott, President of Premier, said, "As companies look to handle regulatory and compliance based activities, they are looking to Premier to assist them in a variety of ways. We believe that these business wins are an indication that our focus on expanding our geographic footprint as well as deepening our service capabilities is the correct strategic move for Premier as well as for our clients." 

Some of the new business wins include:

- Working on Sarbanes Oxley initiatives for a publicly listed Medical Device Company;

- Assisting with a Sarbanes Oxley implementation initiative for a publicly listed Commercial Real Estate Holding Company;

- Providing SEC consulting services, IT SOX, and financial research and analysis services for a publicly listed leading supplier of communication and interconnect products;

- Providing financial analysis services for a privately held fitness wholesale distributor.

Mr. Elliott, concluded, "Many companies realize that working with a firm that can provide knowledge based expertise will increase efficiencies, reduce costs and mitigate risk, especially as it relates to regulatory and compliance based efforts. Premier's Finance & Accounting practice provides that expertise and takes a right sized approach that works for our clients. Premier has proven to be a leader in many aspects of the enterprise and that is why we are gaining market share across the country."

About Premier Alliance Group, Inc.
Premier Alliance Group, Inc. provides business consulting services and human capital solutions to customers with a focus on core areas of business processes used throughout the corporate world including project management, business analysis, business consulting and strategic consulting. Typical initiatives in which Premier provides services include compliance and regulatory, merger and acquisition, and business process reengineering efforts. Clients are serviced with Knowledge-Based expertise from Premier's Business Performance & Technology, Governance, Risk & Compliance (GRC), and Finance and Accounting practice areas.
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Safe Harbor Statement
Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking.

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Kathy Aviles