PRG-Schultz Announces Acquisition of First Audit Partners

PRG-Schultz International, Inc. (Nasdaq: PRGX) today announced that its UK subsidiary has acquired the business and assets of First Audit Partners LLP ("FAP”), a privately-held European provider of recovery audit services based in Cambridge, England. The business and assets of FAP are expected to be fully integrated into PRG-Schultz’s European operations and will expand the growing list of major European retailers to whom PRG-Schultz provides services.

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. provides 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.

Forward Looking Statements

In addition to historical information, this press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include both implied and express statements regarding the acquisition of the business and assets of First Audit Partners and the integration of FAP into the Company. Such forward looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the historical results or from any results expressed or implied by such forward-looking statements. Risks that could affect the Company’s future performance include revenues that do not meet expectations or justify costs incurred, the Company’s ability to develop material sources of new revenue in addition to revenues from its core accounts payable services, changes in the market for the Company’s services, the Company’s ability to retain existing personnel, uncertainty in the credit markets, client bankruptcies, loss of major clients, and other risks generally applicable to the Company’s business. For a discussion of other risk factors that may impact the Company's business, please see the Company’s filings with the Securities and Exchange Commission, including its Form 10-K filed on March 16, 2009. The Company disclaims any obligation or duty to update or modify these forward-looking statements.