Premier Alliance Group Names Larry Brumfield as Chief Financial Officer

CHARLOTTE, NC--(Marketwire - Oct 25, 2011) - Premier Alliance Group, Inc. (OTCBB: PIMO) ("Premier Alliance"), a professional services company focused on business and technology consulting, announced today the appointment of Larry W. Brumfield, CPA, as Chief Financial Officer, effective as of October 24, 2011.

Mr. Brumfield is presently Managing Partner and Principal of LWB Development Group, a full service consulting and real estate development firm. Over the past decade, Mr. Brumfield is credited with raising more than $400 million in capital and acquiring over $200 million in commercial property transactions. Collectively, he has participated in over $1.8 Billion in public and private capital raises.

Mark Elliott, President of Premier Alliance, said, "We are extremely pleased to welcome Larry, an executive with high caliber experience in corporate fundraising, SEC regulations, IPOs and strategic business planning. Larry's track record of advising public companies, while navigating complex and often tenuous situations, speaks to his personal drive to maximize results and increase shareholder value. We believe he'll be an asset to both our expanding client base and our company."

Mr. Brumfield was Founder and Senior Partner of Strand Capital Group, LLC, a boutique corporate finance advisory firm and real estate developer from 1997 to 2006. While at Strand Capital, Mr. Brumfield structured financings for a variety of clients, including the second largest Prudential franchise as well as raising debt and equity capital for over $600 million in commercial transactions. From 1995 to 1997, Mr. Brumfield was CFO of Blue Rhino Corp. and during his tenure he lead a corporate restructuring.. From 1991 to 1995, Mr. Brumfield held progressive management roles with PricewaterhouseCoopers, lastly serving as Director of Corporate Finance. He has a BS in Accounting from Virginia Tech.

About Premier Alliance Group, Inc.
Premier Alliance (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.

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