CHARLOTTE, NC--(Marketwire - March 7, 2011) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology consulting, announced that its Finance and Accounting as well as its Governance Risk and Compliance practice areas had recently gained significant new clients and engagements.

Mark Elliott, President of Premier, said, "We are pleased by our success in the last two months, this reinforces our strategy of a right sized approach which leverages our knowledge-based expertise in specific sectors including biotechnology and finance / banking. This approach is resonating with companies as we help reduce costs, increase efficiencies and mitigate risk." 

Some of the new business wins include:

  • Assisting with a Sarbanes Oxley implementation initiative for a publicly listed medical device company;

  • Providing SOX consulting and technical accounting services for multiple biotechnology firms;

  • Designing and implementing stock option plans for several biotechnology and education firms;

  • Consulting on SAS-70 efforts to ensure adequate safeguards and controls are in place to protect information systems, data and transaction records for a healthcare services provider and an E-Discovery consulting company;

  • Assisting with internal audit efforts for firms in the following sectors: real estate, mortgage banking and automotive parts manufacturing.

Mark Elliott concluded, "With the additions of our west coast team in Los Angeles and San Diego we have added to our capabilities to help companies with finance, regulatory and compliance based issues. Our new business wins indicate that this is the correct strategy for both Premier and our clients."

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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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