PRG-Schultz International Inc (PRGX)

[Land Agent]

Reverse split HOT AIR -- this is a potential $15. stock -- $5. on the way to teens -- look at past pps was $17. not too long ago -- they have a world-wide reputation and in USA they have the contacts -- last year was a freak -- you don't need to pump this co it is AAA -- IMHO --

[nofortunateson2]

Could be, it just seems risky at the moment, and the reverse split worries me. If the shareprice somehow comes back, I guess the reverse split could become a non-issue. jmho

[Land Agent]

FIVE minimum in AUGUST -- This is a great company on the re-bound to $15. by Spring -- after that -- who knows -- happy days are coming -- IMHO --

[Land Agent]

Very little risk -- contracts described on YAHOO BOARD -- one billion in the pipeline as I recall -- FIVE very good chance in AUGUST as price will likely be run up by powers that be prior to AUG 15th date that debt conversions to common permitted -- in any event large percent increase over present share price most likely -- and, by next Spring look for $15.00 -- IMHO --

[nofortunateson2]

It appears they have received the delisting notice from Nasdaq. I guess the announced reverse split will cover that issue. Why do you feel this will be $5 by August when it can't break .5? Where can I find info on these billions in gov. contracts you speak of. I'm very interested in buying, but this stock still seems somewhat risky at this point. jmho

[Land Agent]

NO issues here -- the road ahead is wide open -- FIVE in AUGUST -- this could be a $15. stock by JANUARY -- billions in Govt contracts now in the pipeline -- IMHO -

[labrador]

This MB is almost dead, I'm watching to this stock because in the past I was used to make swing trading with him.

Delisting reason are listed in the PRs you will find on Yahoo finance page.

[nofortunateson2]

Has PRGX received a delisting notice from Nasdaq yet? How much of a chance is there that they may get delisted. What seems to have caused the drop in share price? I am interested in buying, just concerned about the delisting issue. Thanks.

[Land Agent]

FIVE by AUGUST -- IMHO --

[Land Agent]

Watch the fireworks from here -- you may be surprised -- IMHO --

[Land Agent]

This is a fine company and they will make much profit in the year ahead -- suggest hold or buy more as I am -- IMHO --

[karalyne67]

PRG-Schultz Announces New Members of Board of Directors
Friday March 31, 10:21 pm ET


ATLANTA--(BUSINESS WIRE)--March 31, 2006--PRG-Schultz International, Inc. (Nasdaq: PRGX - News) announced today that it has reconstituted its Board of Directors, as required under the terms of the exchange offer for its outstanding 4.75% Senior Convertible Notes Due 2006 which was completed on March 17, 2006.On March 30, 2006, Eugene I. Davis, Patrick G. Dills, N. Colin Lind, Philip J. Mazzilli, Jr., and Steven Rosenberg were appointed to the company's Board of Directors. These new directors replace Gerald E. Daniels, Garth H. Greimann, Thomas S. Robertson and Jimmy M. Woodward, who resigned as directors of the company, and fill an additional existing vacant position on the board. Also on March 30, 2006, James B. McCurry, the company's President and Chief Executive Officer, was elected as Chairman of the Board of Directors, succeeding David A. Cole, who continues as a director.

Mr. Davis is Chairman and Chief Executive Officer of Pirinate Consulting Group, which specializes in crisis and turn-around management. Mr. Dills is Executive Chairman of the Board of Medical Services Company, a supplier of medical products and pharmacy services to the workers' compensation industry, and was Executive Vice President of First Health Group Corp., a full-service managed health care company, where he served in executive roles from 1988 to 2005. Mr. Lind is Managing Partner of Blum Capital, an investment company with approximately $3.6 billion in assets under management. Mr. Lind previously served as a member of the Company's Board of Directors from May 2002 to October 2005. Mr. Mazzilli is the former Executive Vice President and Chief Financial Officer of Equifax Corporation, an international provider of consumer credit information and information database management. Mr. Rosenberg is President of SPR Ventures, Inc., a private investment company he founded in 2000. He was formerly President of the Arrow subsidiary of ConAgra Foods Inc and served for 17 years in various executive positions with Arrow Industries, a private-label manufacturer of grocery store products, prior to its acquisition by ConAgra in 1992.

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing clients throughout the world with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client purchases and payment information to identify and recover overpayments.



Contact:
PRG-Schultz International Inc., Atlanta
Peter Limeri, 770-779-6464

[potodds]

PRG-Schulz cites qualification by audit firm

March 29, 2006 17:36:21 (ET)


LOS ANGELES, March 29 (Reuters) - Audit firm PRG-Schultz International Inc. (PRGX,Trade) on Wednesday said its annual report for the fiscal year ended December 2005 contained a going concern qualification from its independent registered public accounting firm.

The qualification stated that the realization of assets and the satisfaction of liabilities are dependent on, among other things, the company's ability to return to profitability to complete a planned restructuring and other business.

[potodds]

PRG-Schultz Makes Announcement in Compliance with Nasdaq Rules

March 29, 2006 17:10:01 (ET)


ATLANTA, Mar 29, 2006 (BUSINESS WIRE) -- PRG-Schultz International, Inc. (the "Company") (PRGX, Trade) announced today, in compliance with Nasdaq Marketplace Rule 4350(b)(1)(B), that in the Company's recently filed Annual Report on Form 10-K for the fiscal year ended December 31, 2005, the report of the Company's Independent Registered Public Accounting Firm contained in the Form 10-K included a going concern qualification. The paragraph in the audit opinion explaining the qualification noted that realization of assets and the satisfaction of liabilities in the ordinary course of business are dependent on, among other things, the Company's ability to return to profitability, to complete planned restructuring activities and to generate positive cash flows from operations, as well as maintaining credit facilities adequate to conduct its business. The disclosure in this announcement is made in compliance with the Nasdaq rule referred to above, and does not represent any change from the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission on March 23, 2006.

As previously announced, on March 17, 2006, the Company completed a substantial debt restructuring through the exchange of 99.6% of its outstanding 4.75% Convertible Subordinated Notes Due 2006 for new 11% Senior Notes Due 2011, 10% Senior Convertible Notes Due 2011 and 9% Senior Series A Convertible Participating Preferred Stock. Additionally, as previously announced, on March 17, 2006 the Company also entered into a new $45 million senior secured credit facility to provide ongoing liquidity for the Company's working capital needs. The Company believes that these actions constitute a substantial step in addressing the concerns expressed by the Company's independent auditors in the going concern qualification included in the independent auditors' report contained in the Form 10-K.

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing clients throughout the world with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client purchases and payment information to identify and recover overpayments.

Forward Looking Statements

his press release includes contains certain "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, which statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the Company's future business and financial performance, including the potential success of the Company's turnaround, anticipated liquidity needs of the Company, and the Company's plans to improve operations and develop new opportunities. Forward- looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, such as (without limitation): the Company's ability to stabilize its revenue trend, the success of the Company's previously announced operational restructuring plan, the success of the Company's new service offerings, the Company's ability to retain key personnel, changes in the market for the company's service offerings, and other risks generally applicable to the company's business. For a discussion of other risk factors that may impact the company's business and the success of its turnaround, please see the Company's Securities and Exchange Commission filings, including the Company's Form 10-K filed with the Securities and Exchange Commission on March 23, 2006. The Company disclaims any obligation or duty to update or modify these forward-looking statements.

SOURCE: PRG-Schultz International, Inc.


PRG-Schultz International, Inc., Atlanta
Peter Limeri, 770-779-6464

[Land Agent]

That was yesterday and created the huge volume of shares traded -- sleepy day today -- in 2 or 3 months this is expected to be around $3.00 -- they have lots of contracts with 20% fees -- IMHO --

[potodds]

hey land, was that news today? if so would you mind posting it?? I'm a newbie here so it takes some reading for me to understand what's going on. if not, maybe you could explain what that all means? thanks for your time and happy trading.

[Land Agent]

They converted debt to shares -- great -- more shares but more profit for company with debt reduced -- looking for dollars per share soon -- IMHO --

[Land Agent]

Good for you -- I added more at 65 too -- this is a great company with a great future -- dollars are coming very soon as per my crystal ball -- IMHO --

[potodds]

Outstanding Shares: 62,112,307 as of 2006-02-28

Estimated Market Cap: 37.888M as of 2006-03-24 (based on Outstanding Shares as of 2006-02-28)
Number of Shareholders of Record: 163 as of 2006-03-23

The volume for 3-27-06 =Volume: 53,370,482....????????

[potodds]

i got in today at .65... i missed the morning rush but lucky for me it came back down.. i'm in for 1,500 shares I think this company will do anything to keep it on NASDAQ. It will go to a dollar and beyond imo. good and happy trading to al.

[Land Agent]

Something must be up with this company -- IMHO --

[potodds]

anyone see the after hours that yahoo posted?

[Land Agent]

What business is BLUM in -- does anyone know -- Thanks --

[mrktmaker]

PRG-Schultz Announces Extension of Exchange Offer
Thursday March 2, 8:00 pm ET


ATLANTA--(BUSINESS WIRE)--March 2, 2006--PRG-Schultz International, Inc. (the "Company") (Nasdaq: PRGX - News) today announced that it is extending until 10:00 a.m., New York City time, on Thursday, March 16, 2006, unless further extended, the expiration of its exchange offer (the "Exchange Offer") to exchange up to $125.0 million principal amount of its outstanding 4.75% Convertible Subordinated Notes due 2006 (the "Notes") for (a) up to $50.0 million in principal amount of 11.0% Senior Notes Due 2011, plus an additional principal amount equal to the aggregate accrued and unpaid interest on notes to be exchanged, (b) up to $60.0 million in principal amount of 10.0% Senior Convertible Notes Due 2011, and (c) up to $15.0 million liquidation preference of 9.0% Senior Series A Convertible Participating Preferred Stock. The Exchange Offer was initially scheduled to expire at 5:00 p.m., New York City time, on March 2, 2006.
As of March 2, 2006, U.S. Bank Corporate Trust Services, the exchange agent for the Exchange Offer, advised the Company that approximately $97.0 million, or 77.6%, of the outstanding principal amount of Notes had been validly tendered and not withdrawn.

The Exchange Offer remains subject to the terms and conditions set forth in the offering circular, dated February 1, 2006, and the corresponding letter of transmittal distributed in connection with the Exchange Offer, each as amended. Other than the extension of the expiration date of the Exchange Offer, all other terms and conditions of the Exchange Offer set forth in such offering circular and letter of transmittal, each as amended, remain in full force and effect.

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing clients throughout the world with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client purchases and payment information to identify and recover overpayments.

[mrktmaker]

PRG-Schultz Names Limeri Finance Chief
Friday February 10, 6:00 pm ET
PRG-Schultz Int'l Names Peter Limeri to Succeed James Moylan Jr. As Chief Financial Officer


ATLANTA (AP) -- PRG-Schultz International Inc., a provider of recovery audit services, said Friday Peter Limeri has been appointed its chief financial officer to succeed James E. Moylan Jr., who resigned as CFO and treasurer.
Limeri joined the company in November as chief restructuring officer. Prior to this, he was operating and financial chief at Nationwide Furniture Inc., a portfolio company of private equity firm Sun Capital Partners.

Last month, the company named Robert B. Lee as controller and principal accounting officer

[doc734]

News release today....looks like its gonna take off tomorrow...up to .63 in after hours. jmho

[mcrough]

Restructuring News Today
Sent this to .96 from a close of .72 in the pre-market.

[lonnie]

PRGX breaking out

[dragon52]

NEWS...

Financing extended to Dec 15 and 2 mil more added... great news...

Blum will be buying in... no doubt. They added more to the pot.

they are commited

[dragon52]

apparently eom

[bluediamond]

LOUD is doing the same thing!

[dragon52]

Sure looks pretty...



hope it keeps on going... hit the old high at 5.... lol

[menamiketrx]

Watching prgx with it's 70% gains two days in a row.

Wow!

Was thinking about jumping in, but would not want to ruin it for you all. My experience has been the minute I jump in a rapid rising stock, it heads south again. I will wait for a retrace. How long could it keep this up?

Any TA input on this stock?

MenaMike

[mrktmaker]

PRG-Schultz to Get Bridge Financing
Monday November 28, 9:47 am ET
PRG-Schultz to Get $8 Million in Bridge Financing As Company Restructures Notes


ATLANTA (AP) -- PRG-Schultz International Inc., a provider of audit services for retailers, said Monday that two of its debt holders have agreed to lend it $8 million as it works to restructure its finances.
ADVERTISEMENT


The company said Parkcentral Global Hub, Blum Strategic Partners II, and some of their affiliates have agreed to lend the funds, pending a restructuring of the company's 4.75 percent convertible notes due Nov. 26, 2006. PRG-Schultz said the temporary loan will allow it to stay current on its public debt and provide additional working capital.

PRG-Schultz is in talks with several of its debt holders, including affiliates of Parkcentral and Blum, over how to restructure terms of its convertible notes. PRG-Schultz said the talks are ongoing, and it expects to reach an agreement with the group in the near future.

The bridge loan will mature on May 15, 2006, or when PRG-Schultz finishes restructuring its notes, whichever comes first, it said. The company will use the loan to pay interest on the notes, and for other general needs, it said.

PRG-Schultz shares rose 13 cents, or 41.9 percent, to 44 cents in morning trading on Nasdaq. The stock has traded between 24 cents and $5.79 over the past 52 weeks.

[mrktmaker]

new 8K

http://biz.yahoo.com/e/051117/prgx8-k.html

[mrktmaker]

boooyahhhhh

[drugtester]

I sold @ .33 for a small loss this AM....It just isn't supporting any type of run right now.

[RJ Trotts]

Nice news drugtester....lets see how the market takes it in the morning...GOOD LUCK to all of us!!

[drugtester]

PRGX news....

http://biz.yahoo.com/bw/051115/20051115006506.html?.v=1


PRG-Schultz Announces Grant of Inducement Stock Options to Its Chief Restructuring Officer
Tuesday November 15, 7:00 pm ET


ATLANTA--(BUSINESS WIRE)--Nov. 15, 2005--PRG-Schultz International, Inc. (Nasdaq: PRGX - News), the world's largest recovery audit firm, today announced that, as an inducement to his employment, Peter Limeri, who recently joined the company as its Chief Restructuring Officer, was granted inducement options covering 500,000 shares of the company's common stock. These options were issued in reliance on Nasdaq Marketplace Rule 4350(i)(1)(A)(iv). The options have a five-year term and an exercise price of $0.28 per share. 125,000 of Mr. Limeri's options will vest in four equal annual installments on each of the first four anniversaries of the grant. The balance will vest in one-third increments as follows: 125,000 options will vest at any time after the first anniversary of the option grant date that the company's stock closes at $4.00 or higher on the Nasdaq national market for 45 consecutive trading days; 125,000 options will vest any time after the second anniversary of the option grant date that the company's stock closes at $6.50 or higher on the Nasdaq national market for 45 consecutive trading days; and 125,000 will vest any time after the third anniversary of the option grant date that the company's stock closes at $8.00 or higher on the Nasdaq national market for 45 consecutive trading days. In addition, portions of the option grant will vest upon the occurrence of certain events such as a termination of Mr. Limeri's employment by the company without cause or by Mr. Limeri for good reason, upon a change of control of the company or the company ceases to be a publicly traded company.



About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. (PRG) is the world's leading profit improvement firm, providing clients throughout the world with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG industry specialists review client purchases and payment information to identify and recover overpayments.

[RJ Trotts]

I picked up some at .30 and .32, I am happy about it. The stock looked great FIVE min. before closing at .31 X .32, BUT it had to fall back and fill in the gap at .29 X .30,
According to the chart, we COULD very well test .27 and then up from there...IMO!!
Buy on DIPS, because WHEN this stock bounces, LOTS of folks are going to be paying MUCH more!!
And the volume is a nice indication....Good luck to US!!

[mrktmaker]

Picked up some .30 today :)

[drugtester]

Already loaded up....hope it runs big for everyone. eom

[mrktmaker]

BUY BUY BUY BUY BUY BUY BUY BUY BUY....
by: superflydon 11/14/05 11:00 pm
Msg: 5676 of 5676

BACK THE TRUCK UP AND BUY ALL YOU CAN BEFORE THIS NEW BIG FISH REPOSITION AT THESE AMAZING LOWS!!!