Harvey Pitt, Former Chairman of the Securities Exchange Commission, Joins the Board of Directors of Premier Alliance Group

CHARLOTTE, NC--(Marketwire - Mar 21, 2012) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology advisory and consulting services, announced today the appointment of Harvey Pitt, former Chairman of the Securities Exchange Commission ("SEC"), to its Board of Directors.

Mark Elliott, Chairman of the Board and CEO of Premier Alliance Group, stated, "Cleary, Mr. Pitt's experience will be of real benefit to the Premier team. The board welcomes Mr. Pitt's arrival as our management team works to position Premier Alliance Group into a world class organization."

Mr. Pitt served as the 26th Chairman of the SEC from 2001 to 2003. From 1975-1978, he was the Commission's General Counsel. For nearly a quarter of a century before rejoining the Commission, Mr. Pitt was in the private practice of law.

Mr. Pitt received a J.D. degree from St. John's University School of Law (1968), and his B.A. from the City University of New York (Brooklyn College) (1965). He was awarded an honorary doctorate in law by St. John's University School of Law in June 2002.

About Premier Alliance Group, Inc.

Premier Alliance Group, Inc. (OTCBB: PIMO) is a leading provider of business and technology advisory and consulting services. Practice areas of expertise encompass Governance, Risk & Compliance (GRC), Business Performance & Technology, and Finance & Accounting as we assist clients with Risk Management, Compliance, Mergers & Acquisitions, Organizational Effectiveness, Project/Program Management, Information Management, Architecture and Software Development. Premier Alliance Group is headquartered in Charlotte, NC. For more information, please visit www.premieralliance.com.

Safe Harbor Statement
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.