Premier Alliance Group, Inc. Announces New Client Win

CHARLOTTE, NC--(Marketwire - Aug 15, 2011) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology consulting, announced that its Professional Services Group has recently won an engagement with a new client.

Mark Elliott, President of Premier, said, "As companies continue to look to increase efficiency and handle a multitude of enterprise related activities, we are able to display the Knowledge Based Expertise that increases their confidence in a successful delivery that will impact their company positively.

Premier has been engaged by Associated Engineering to perform an in-depth governance and operational review of the company's Information Technology Function. Associated Engineering, based in Edmonton Canada, has provided consulting engineering services for over 60 years and specializes in the water, transportation, infrastructure, and environmental sectors. Recognized as an industry leader, the company has received local, national, and international awards for engineering services.

Mark Elliott concluded, "A joint team assembled from our GRC and Business Performance & Technology (BP&T) practices will deliver the work in multiple phases commencing in mid-August. Our ability to leverage expertise across the company makes this effort possible and reaffirms our focus of strategically assisting clients in multiple areas via experts in our GRC, BP&T, and Finance & Accounting practices. This win is an indication that our focus on expanding our geographic footprint as well as deepening our core service capabilities has proven to be valuable to new and existing clients."

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.

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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.