The Project Group Announces Dismissal of Sarbanes-Oxley Complaint of Former Controller
Wednesday October 19, 6:28 am ET
Department of Labor Finds No Violation of the Sarbanes-Oxley Act by The Project Group
HOUSTON, Oct. 19, 2005 (PRIMEZONE) -- The Project Group, Inc. (Other OTC:PJTGQ.PK - News), a leader in project management solutions, announced today that the U.S. Department of Labor has dismissed a complaint that was filed against The Project Group by its former Controller, Charlsie Idol, under the employee protection provisions of the Sarbanes-Oxley Act, finding no violation of the Sarbanes-Oxley Act by The Project Group. Craig Crawford, President of The Project Group, stated, ``The Company has believed from the beginning that these complaints had no validity.'' The Department of Labor stated in part in its findings that the complaint was investigated and determined to have no merit; ``there is no reasonable cause to believe that (The Project Group) violated (the Sarbanes-Oxley Act),'' and The Project Group's reasons for discharging Ms. Idol were ``made for non-discriminatory business reasons.'' Either party has thirty days to file objections to the Department of Labor's findings and request a hearing for de novo review with an Administrative Law Judge. If no objections are timely filed, the Department of Labor's findings become final.
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