Premier Alliance Completes Previously Announced Restatements

CHARLOTTE, NC--(Marketwired - Nov 20, 2013) - Premier Alliance Group, Inc. (OTCQB: PIMO) CEO Mark Elliott today confirmed that the company recently filed with the Securities and Exchange Commission an amended and restated Form 10-K for the 2012 and 2010 fiscal years. The company also filed a revised Form 10-Q for the three months ended March 31, 2013, and filed its Form 10-Q for the period ending June 30, 2013.

"As a result of the adjustments, our 2010 results improved by 1 cent a share, our 2012 results declined by a penny a share, and our first-quarter 2013 results improved by 2 cents a share," said Mr. Elliott. "With these filings, Premier Alliance has now completed the financial restatements requested by the SEC."

For further details please review the filings at www.sec.gov:

• 10-K/A filed on Oct. 18, 2013;
• 10-Q/A filed on Oct. 18, 2013;
• 10-Q filed on Oct. 25, 2013.

About Premier Alliance Group, Inc.
Premier Alliance Group, Inc. (OTCQB: PIMO) is a leading provider of business performance, compliance and energy management solutions with a focus on results that improve productivity, mitigate risk and maximize profits. Premier currently has two major delivery verticals, the Business Solutions Group which capabilities encompass Governance, Risk & Compliance (GRC), operational risk, and business performance & technology; and the Energy and Sustainability Group which designs, engineers and installs disparate solutions and technologies that enable clients to reduce their energy costs and carbon footprint. Premier Alliance is headquartered in Charlotte, NC. For more information, 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.