The Project Group Inc (fka PJTGQ)

[RIGATONI]

On a positive note...

This is part of what's holding me here along with the RFID spinoff and MSFT relationship.

http://biz.yahoo.com/bw/050407/75240.html?.v=1


Project Group Reports Back to Back Quarterly Record Revenues
Thursday April 7, 6:28 am ET
Preliminary Results Are Up Over 23% From Q4 of 2004


HOUSTON--(BUSINESS WIRE)--April 7, 2005--The Project Group, Inc. (OTCBB:PJTG - News) announced today preliminary revenue totals for the first quarter of 2005. Revenues for the quarter were in excess of $790,000, an increase of approximately 28% compared to revenues of $615,509 for the same period in 2004. Sequentially, revenues increased 23% compared to fourth quarter 2004 revenues of approximately $640,000. The preliminary revenue totals represent a second consecutive quarter of record quarterly revenues for the company. This upward revenue trend is expected to continue through 2005 based on the committed contracts in place. Our status with Microsoft (Nasdaq:MSFT - News) as a premier Enterprise Project Management partner and consultant has been instrumental in these results.
"Our revenue and backlog have attained record levels due to a significant increase in contract commitments from both existing and new clients. Our team is equipped to grow in 2005 and take advantage of the excellent positioning completed over the past year. Enterprise Project Management, Collaboration, and RFID all have tremendous potential, and we are committed to continuing this growth while maintaining the quality we are known for with our clients," said Craig Crawford, President and CEO.

About The Project Group

The Project Group is a Microsoft Gold Certified Partner in Business Intelligence and Information Worker Solutions, specializing in project management and collaboration 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 many Fortune 1000 organizations, including Halliburton, Microsoft and several of the largest Oil and Gas Companies in the world. PJTG was founded in 2001, and is headquartered in Houston, Texas.

About Pro Squared Inc.

Pro Squared, Inc is a subsidiary of The Project Group focused on closed loop RFID solutions. RFID technology replaces traditional, unreliable bar codes and is rapidly becoming the state-of-the-art in supply chain management. RFID tags consist of silicon chips and an antenna that can transmit data to a wireless receiver. Recently, Wal-Mart has mandated that all major vendors utilize RFID and recently Pfizer, Smith Kline, Purdue Pharma and the FDA have all announced new RFID programs.

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 our ability to grow revenues in 2005 and beyond 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.



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Contact:
The Project Group, Inc., Houston
Craig Crawford, 281-445-3333
or
Raphael Feldman, 631-491-1100
or
Osprey Partners
Mike Mulshine, 732-292-0982
[e-mail]



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Source: The Project Group, Inc.