Nach Finanzierung 400% ????? - 500 Beiträge pro Seite

[amok01]

Hallo Leute .

Die Aktie von Prg-schultz International Inc hat heute in einer NEWS-Meldung(28.11.05) die notwendige Zwischenfinanzierung bekanngegeben die Überlebenswichtig ist.

Aufgrund der Unsicherheit die vorher herschte ob man so eine Finanzierung bekommt ist die Aktie von ca. 3 Dollar mitte Oktober bis Freitag den 25.11 auf 0,31 Dollar gefallen.

Nun ist die die Finanzierung da und der kurs reagiert heute mit einer enormen Kurssteigerung.Der Kurs legt momentan auf 0,47 Dollar zu und das ist erst der Anfang.

Ich denke die Aktie ht durch den Abschluß der Zwichenfinanzierung noch weiteres kurspotential und zwar bis in die Region von ca. 2 Dollar.

Aber macht Euch euer eigens Bild.

Die Wkn in Deutschland ist 899994 und das dementsprechende USA-Kürzel lautet PRGX.

Also ich freue mich auf Kommentare.

[amok01]

Hier noch mal die original NEWS von heute:


November 28, 2005 - 7:40 AM EST





PRG-Schultz Obtains Commitment for Bridge Financing; Company Reports Continued Progress in Financial Restructuring
PRG-Schultz International, Inc. (Nasdaq: PRGX), today announced that Parkcentral Global Hub, Blum Strategic Partners II, and certain of their affiliates have committed to supply $8 million of bridge financing, pending a restructuring of the company`s 4 3/4% convertible notes due November 26, 2006. The bridge financing, which will mature on the earlier of May 15, 2006 or the closing of such restructuring, will be used for general corporate purposes, including the payment of interest on the convertible notes prior to the end of the 30-day grace period that commenced on November 28, 2005. The bridge financing remains subject to several conditions, including completion of diligence and documentation.

"We are grateful for the continuing support of Parkcentral and Blum, and look forward to the support of our other major lenders as we work to improve our capital structure," said James B. McCurry, PRG-Schultz`s President and Chief Executive Officer. "The funds that would be made available under the bridge financing allow us to remain current on our public debt and provide additional working capital while we focus on completing our financial restructuring discussions."

As previously announced, an ad hoc committee of convertible note holders has been organized to negotiate the terms of a potential restructuring of the convertible notes. Negotiations are ongoing at this time, and the company anticipates reaching a mutually acceptable resolution with the ad hoc committee in the near future. Affiliates of Parkcentral and Blum are members of the ad hoc committee.

About PRG-Schultz International, Inc.

Noch steht Sie unter 0,50 Dollar aber wird Sie auch unter 0,50 Dollar schließen?

Ich glaube nicht!!

[amok01]

Hier mal ein Link zur Kursabfrage in den USA.

http://www.otcbb.com/asp/Info_Center.asp

Beim Symbol einfach nur das USA-Kürzel eingeben: PRGX

Dort kann man sehr gut die BID und ASK Seite mit 15min verzögerung beobachten.

Viel Spaß mit der Aktie oder mit einer anderen.

[amok01]

Na da sind sie ja die 0,50 Dollar.

Es herscht Kaufdruck in den USA.

Also nicht schnell überlegen und handeln oder nicht.

Das wird eine sehr gute Woche glaube ich.

[klass klever]

RT 0,54 +74%
Bid 0,54
ASK 0,55

Geil

KK
(Der spät aber früh genug eingestiegen ist)

[klass klever]

Und weiter geh es

Symbol: PRGX
Last Trade: 0.55 12:31PM ET
After Hours Change: N/A
Today`s Change: Up 0.24 (76.13%)

[klass klever]

Bid Orders
Price Order Size
0.551 5000
0.55 46350
0.54 13844
0.531 2000
0.53 6700
0.521 7000
0.52 7600
0.511 2000
0.501 9900
0.50 10000

Ask Orders
Price Order Size
0.56 4600
0.57 6400
0.58 2200
0.59 1700
0.64 10000
0.68 10000
0.75 200
0.89 600
1.10 7050

[Identix]

Ich denke das war ein guter tip amok01 oder nicht

[klass klever]

Super Tip würde ich sagen.

Auch Danke amok01

[amok01]

IDENTIX hat den ersten Thread heute mittag aufgemacht.

Also nicht mein Tip.Ich habe nur noch einen Thread aufgemacht da ich gemerkt habe das den Thread von IDENTIX nicht ganz so viel Beachtung geschenkt wurde was sich als Fehler erwiesen hat.

Und ich glaube es war aber richtig noch einen Thread auf PRGX aufzumachen da anscheinend die Aktie nun mehr Aufmerksamlkeit bekommt und das zu Recht wie ich glaube.

Danke nochmal Identix.Durch deinen Thread habe ich den Einstieg zu 0,41 Dollar geschafft.

Viel Spaß noch allen Investierten

[Zimbolette25plus]

Hab mir auch mal 8000 stück gegönnt.
Schau mer mal!

[amok01]

Noch sind wir in Deutschland 4 Cent unter Pari.

In den USA momentan 0,59 Dollar entspricht 0,50 Euro.

Na dann wollen wir mal schauen wo wir hier schließen und dann mal schauen wo die Reise in den USA noch hingeht.

Bei dem Kaufdruck und mir der Tatsache das wir erst Montag haben glaube ich an einen Schlußkurs der höher liegt als 0,65 Dollar.

Aber warten wir es mal ab.

[Timmy28]

[posting]19.055.024 von amok01 am 28.11.05 19:50:22[/posting]Hallo.
Bin leider erst sehr spät auf die Aktie bzw. den Thread aufmerksam geworden.
Denkt Ihr das ist nur ein Kurzzeitiger Ausbruch, oder es geht weiter aufwärts?
Habe bisher noch nicht viele Infos über die Firma.

Gruß
Timmy

[h2o.0001]

hi timmy, wenn weiter gekauft wird, gehts weiter nach oben, denke Positiv, in den Us Boards schreiben alle strong By

[Timmy28]

[posting]19.082.101 von h2o.0001 am 29.11.05 08:33:20[/posting]Hallo.

Lassen wir uns einfach überraschen.
Seltsam, dass in Berlin keine Stücke umgesetzt werden.

[WissenMacht]

heute sehen wir weitere 50%

alla Primacom damals

hoch bis 2-3€???

meine meinung

[WissenMacht]

[kraftstein]

junge junge... die wird heute abgehen...


PRG-SCHULTZ INTERNATL Quick Quote:
PRGX 0.52 (Even)
Wall Street News Alert: Hot Stock Alert Issued on TLYH! November 29, 2005
11/29/2005
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued
by Wall Street Capital Funding.

WESTON, FL, Nov 29, 2005 (MARKET WIRE via COMTEX) --

Wall Street News Alert`s "stocks to watch" this morning are: Tally-Ho Ventures Inc., (OTC BB: TLYH), PRG-Schultz International, Inc. (NASDAQ: PRGX), Microsoft Corp., (NASDAQ: MSFT) and Oracle (NASDAQ: ORCL).

Tally-Ho Ventures Inc., (OTC BB: TLYH) could be one of the targets of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, an international wealth management firm, issued a press release announcing that it has entered into an agreement to acquire Protrust Private Clients S.A ("PTPC") for a maximum total consideration of $8 million.

The news of the acquisition agreement may get the attention of investors, as the company states that PTPC manages a total of $1.4 billion of investment assets for high net worth investors!

Continue to watch this company! Peter Smith, Chief Executive Officer of Tally-Ho Ventures, stated, "The core of our business plan is a continual pursuit of cutting-edge and professional vehicles for managing funds for our clients. The prospect of adding Protrust Private Clients to our portfolio of companies is a tremendous step towards that end. Completion of the acquisition would mean our funds under administration would be over $1billion and our funds under management would be over $1.4 billion." Commenting on the move into Switzerland, Peter Smith stated that, "Switzerland is still Europe`s number one banking center and holds the largest percentage of the world`s offshore funds. By acquiring PTPC we would be adding a very professional and experienced group of Swiss bankers and fund specialist to our team."

Investors should continue to monitor the progress of Tally-Ho Ventures! According to the company`s press release, the acquisition complements TLYH`s previous acquisitions of wealth management groups, Belgravia-Intervest and Master Finance Europe.

Under the terms of the letter of intent, the operations of PTPC are expected to become an operating subsidiary of Tally-Ho Ventures, with key members of the PTPC management team entering into long-term employment contracts. Completion of the transaction is subject to final negotiation of a share purchase agreement, completion of due diligence and satisfaction of customary conditions to closing.

[Zimbolette25plus]

Das wird spannend heute.
Bisher sieht das Buy/sell verhältnis gut aus. Aber das kippt im laufe des handels ja gerne mal...

dezeit:
+11,6%

[mexikaner]

boahh jetzt gehts voll ab !! 63cent in usa und das orderbuch ist leergefegt

[Timmy28]

Hallo zusammen. RT Berlin 0,60

[Zimbolette25plus]

Derzeit kleine Schwächephase, "nur" noch 65 US-Cent. Wie weit kommt das Ding heute zurück? Was glaubt ihr? Absprung nicht verpassen!

[Timmy28]

[posting]19.091.312 von Zimbolette25plus am 29.11.05 16:23:51[/posting]Ich denke bis 1 US Dollar ist erstmal alles offen.

[WissenMacht]

die läuft noch 30% weiter

Last Price
0.68

[Schnitzelbaer]

USA 0,70 RT

[Schnitzelbaer]

RT USA 0,71

[Roulett.Profi]

unter einem Dollar kein Stück abgeben

Strongst Buy

http://ariva.de/board/238550

Kaufen bis ein Dollar,OK

[amok01]

Hallo Jungs.

Das macht Laune wie ich finde.

Aber macht Euch mal keine Sorge ob oder wie weit der Kurs Richtung Norden läuft.
Der Kaufdruck in den USA ist riesig und wird sicherlich vorerst nicht stoppen.

Aber zwischedurch eine kleine Erholung diese Woche würde dem Kurs ganz gut tun.Wenn nicht dann solls mir auch recht sein.

Auf den Dollar diese Woche.

Wünsche noch viel Spaß an steigenden Kursen.

[Timmy28]

[posting]19.091.972 von Schnitzelbaer am 29.11.05 16:46:03[/posting]Kurzeitige Rücksetzer sind immer mal drin,aber ich denke bis Ende dieser Woche wäre 1 US Dollar drin.
Bei uns gibt es leider noch wenig Umsätze

[mexikaner]

kurze konso bis 0,67, gleich gehts wieder ab
rt0,69usa

[mexikaner]

rt 70cent usa

[Schnitzelbaer]

[posting]19.092.168 von Timmy28 am 29.11.05 16:51:45[/posting]warte mal bis erst noch mehr auf dieses Schätzchen aufmerksam werden, dann gehts auch hier rund

[Schnitzelbaer]

ich tippe heute in usa auf einen SK von 0,90+

[mexikaner]

was in den usa auffällig ist, dass es zu keinen grösseren rücksetzern kommt und alles aus dem bid aufgesaugt wird

[mexikaner]

gleich gehts mit grossem schwung über 70cent

[Schnitzelbaer]

wieder 0,71 in USA

[Schnitzelbaer]

0,72

[mexikaner]

kaum geschrieben und zumms rt 0,72

[Timmy28]

[posting]19.092.419 von Schnitzelbaer am 29.11.05 17:00:12[/posting]Das will ich doch hoffen,auch wenn Ich nicht groß investiert bin.Ist ja erst Dienstag, wird schon noch werden.

[kraftstein]

aber wo sind die umsätze in berlin?

was können wir tun ?

[Schnitzelbaer]

[posting]19.092.930 von kraftstein am 29.11.05 17:20:31[/posting]
mach nen neuen Thread auf,...pushen musst du nicht weil die Aktie ganz von alleine läuft

[Timmy28]

[posting]19.092.930 von kraftstein am 29.11.05 17:20:31[/posting]Stimmt.
Hier brauchst Du nichts pushen, die Aktie entwickelt sich von alleine sehr gut.Die Umsätze ziehen auch an in Berlin.

[Schnitzelbaer]

RT USA 0,72

[Schnitzelbaer]

RT USA 0,73 !!!

[Schnitzelbaer]

RT USA 0,74

[Schnitzelbaer]

11:36:27 Q 0.74 +0.22 900

11:36:27 Q 0.74 +0.22 900

11:36:27 Q 0.74 +0.22 100

11:36:27 Q 0.74 +0.22 400

11:36:27 Q 0.74 +0.22 500

11:36:27 Q 0.74 +0.22 200

11:36:27 Q 0.74 +0.22 500

[Schnitzelbaer]

RT USA 0,75

[Schnitzelbaer]

RT USA 0,76 !!!

JETZT IST SIE NICHT MEHR ZU HALTEN !

[amok01]

Antwort auf Beitrag Nr. 19.093.282 - erstellt von Schnitzelbaer am 29.11.05 17:43:13

Aufhalten wird die Aktie sowieso keiner.Nur glaube ich versuchen einige Große in den USA den Kurs vor einer Explosion zu bewaren ummnoch zu solch Kursen zum Zuge zu kommen.
Deswegen im Tagesverlauf auch die kleinen Rücksetzer aber der Anstieg setzt sich im Tagesverlauf trotzdem immer weieter fort.

Ach ja DANKE für die Realtimekurse die Du immer hier reinsetzt.

[WissenMacht]

wow heute 0,80$??

[Schnitzelbaer]

ich denke weit mehr als 0,80

[Schnitzelbaer]

RT USA 0,77

[Schnitzelbaer]

11:54:38 Q 0.76 +0.24 2,000

11:54:38 Q 0.77 +0.25 1,800

11:54:31 Q 0.762 +0.242 2,500

[Schnitzelbaer]

11:58:30 Q 0.77 +0.25 500

11:58:30 Q 0.77 +0.25 800

11:58:30 Q 0.77 +0.25 548

11:58:30 Q 0.77 +0.25 100

11:57:39 Q 0.77 +0.25 3,500

[Csillagok]

0,66 Frankfurt !!!

[Schnitzelbaer]

RT USA 0,78 !!!!

Gleich knacken wir die 0,80 !

[Schnitzelbaer]

12:03:32 Q 0.78 +0.26 100

12:03:04 Q 0.77 +0.25 5,000

[amok01]

Antwort auf Beitrag Nr. 19.093.579 - erstellt von Csillagok am 29.11.05 18:03:14

Frankfurt???????????

Die Aktie wird doch nur in Berlin gehandelt oder ???

Ist ja egal hauptsache der Kurs geht Richtung Norden .

Und das macht er heute sehr gut trotz der über 60% gestern in den USA.

Das nenne ich Kaufdruck und er läßt noch lange nicht nach.

[Schnitzelbaer]

ich sag ja wir sehen heutein USA zum Schhluss die 0,90 !
Würd ich glatt meinen nicht vorhandenen Bart drauf verwetten

[Schnitzelbaer]

wieder mal etwas RT:

12:13:32 Q 0.778 +0.258 400

12:13:27 Q 0.778 +0.258 100

12:13:20 Q 0.778 +0.258 700

12:13:20 Q 0.778 +0.258 3,100

12:13:19 Q 0.78 +0.26 500

12:13:19 Q 0.7799 +0.2599 1,000

12:13:19 Q 0.78 +0.26 3,700

12:13:19 Q 0.7798 +0.2598 500

12:13:16 Q 0.78 +0.26 1,200

[Schnitzelbaer]

RT USA 0,79 !!!!!!!!!

[Schnitzelbaer]

RT USA 0,80 !!!!!

[Schnitzelbaer]

RT USA 0,81 !!!!!

[Schnitzelbaer]

12:15:58 Q 0.81 +0.29 7,000

12:15:56 Q 0.81 +0.29 200

12:15:56 Q 0.81 +0.29 1,500

12:15:55 Q 0.81 +0.29 300

12:15:52 Q 0.81 +0.29 1,500

[sec6270]

Realtime 0,84 in USA

sec

[Schnitzelbaer]

RT USA 0,88

[Schnitzelbaer]

RT USA 0,90 !!!!!!!!!!!!!



DAS GEHT HEUT ÜBER DEN $ !!!!

[sec6270]

Schnitzelbaer hast du eigentlich genaue Infos warum das Ding so abgeht ich meine die 8 Mio Finanzierung könnte nicht der einzige Grund sein oder ???

sec

[Schnitzelbaer]

jetzt gibts ein paar Gewinnmitnahmen und dann sollte die Post abgehen!

[Schnitzelbaer]

noch jemand da ???

[ARMANDOMARADONA]

Keine angst ,ichbins nur


Gotteshand

[Zimbolette25plus]

Mal gucken.

Fast schade, daß ich nur 8000 stück habe...

[Schnitzelbaer]

[posting]19.094.045 von Zimbolette25plus am 29.11.05 18:35:45[/posting]ich könnt mir auch in den A... beissn...jetzt könnte man in Berlin schön nachkaufen.

[Igelschnute]

WIE SIEHT ES DENN TR AUS?
wäre sehr dankbar, wenn sie einer reinstellen könnte.
Danke

[Schnitzelbaer]

[posting]19.094.420 von Igelschnute am 29.11.05 18:59:06[/posting]13:01:19 Q 0.8432 +0.3232 200

13:01:15 Q 0.85 +0.33 1,200

13:01:13 Q 0.85 +0.33 500

13:01:13 Q 0.85 +0.33 3,000

13:01:13 Q 0.85 +0.33 4,900

13:01:12 Q 0.85 +0.33 100

13:01:09 Q 0.85 +0.33 269

13:01:09 Q 0.85 +0.33 200

13:01:09 Q 0.85 +0.33 631

13:01:08 Q 0.849 +0.329 1,000

[klass klever]

Last:
0.858

PRGX - PRG-SCHULTZ INTERNATIONAL IN
Change:
+0.34

% Change:
+65.38%

High:
0.84

Low:
0.54

Volume:
21,771,290

[Igelschnute]

Danke!

[Schnitzelbaer]

Time Ex Price Change Volume
13:07:09 Q 0.83 +0.31 1,500

13:07:09 Q 0.83 +0.31 600

13:07:09 Q 0.83 +0.31 1,000

13:07:08 Q 0.83 +0.31 200

13:07:08 Q 0.83 +0.31 1,000

13:07:08 Q 0.83 +0.31 500

[Csillagok]

[posting]19.093.629 von amok01 am 29.11.05 18:06:36[/posting]Meinte BLN, hatte mich vertippt.
Danke! Gruß !!!

PS: I`m happy !!!!!!!!!!!!!!!!!!

[davidhartmann]

wie lange denkt ihr wird es rennen, 2 oder 3 tage? bevor die grossen gewinnmitnahmen kommen?
realtime ist gerade 0,82$
sehen wir die 1$ heute noch?

[amok01]

Bei dieser Aktie mußt Du von Tag zu Tag denken.Denn es kann hier trotz letzteren Kursanstieg an einem mal 100% rauf gehen.

Und im übrigen Gewinnmitnahmen werden kommen und das ist auch bestimmt notwendig.

Ich bleibe aber bei meinem Kursziel von 2 Dollar dieses Jahr noch.

Schaut mal nach woher die Aktie kommt.Und die Umsätze die die Firma macht sind auch nicht gerade klein.

Ich habe ein gutes Gefühl solange der Kaufdruck in den USA so groß ist wie momentan.

Also viel Spaß noch.

[mexikaner]

th 0,92 rt usa

[amok01]

Antwort auf Beitrag Nr. 19.095.835 - erstellt von mexikaner am 29.11.05 20:57:09

Na das freut uns aber.

Aber das ist noch nicht alles gewesen heute wetten!!!!

Schlußkurs über 1 Dollar wäre heute denkbar.

[Roulett.Profi]

jetzt zum Schluß hin ist Vorsicht
angebracht
gestern hatten sie die gute zum Schluß hin auch runterghauen
mit 0,92 wars das für Heute

allso fertigmachen zum aufsammeln
schätze mal 0,7-0,75

aber den Dollar nehmen wir alledem noch die Tage

[davidhartmann]

schade nur 0,85$

[Roulett.Profi]

jep
da geht die Tage noch was
ich hatte vorsichtshalber die hälfte Verkauf

ist ja kein Spielgeld

[davidhartmann]

gibt es denn irgendwo vor- und nachbörsliche kurse, ähnlich wie das Lang+Schwarz macht?

[amok01]

Warte doch einfach ab bis morgen mittag und beobachte den vorbörslichen Kurs auf dieser Seite:

http://www.otcbb.com/asp/Info_Center.asp

Bei Symbol einfach PRGX eingeben und dann wird Dir die vorbörsliche Taxe angezeigt.

Aber erst ab ca. 14:45 Uhr ist sie einigermaßen richtungsweisend.

Morgen wird der Kurs in den neunzigern denke so ca. 0,94 Dollar eröffnen und dann relativ schnell über den Dollar gehen.

Aber warten wir es ab.

[amok01]

Nachbörslich schon wieder 0,88 zu 0,89 Dollar.

Schlußkurs war überigens 0,86 Dollar und die waren wieder im letzten Trade gedrückt von 0,87 Dollar.

Taxe unmittelbar nach Börsenschluß war 0,87 zu 0,88 Dollar.

Morgen geht es weiter UPPPPPPPPPPPPPPPPP!!!!!!!!

[WissenMacht]

das sieht sehr gut aus für morgen


Thread: !!!!!!!!!!!!!!!!!WiMa´s heisser Tip Thread am 30.11.2005!!!!!!!!!!!!!!!!

[Exploser]

heute geht`s rund....!!!!!!

[Fussballtrainer]

Hallo, rund geht es nicht sondern steil nach oben!

[Exploser]

[posting]19.098.951 von Fussballtrainer am 30.11.05 08:44:21[/posting]OK, Coach...!!!!

[adings]

Hallo @ all!!!

Wie sehen denn die Kurserwartungen so aus, geht es denn wieder so auf die 2,5 und höher hinaus???

Lohnt es sich noch jetzt einzusteigen, auf alle Fälle war das ganze ein super Tip.

Gruß

adings

[WissenMacht]

es kamm bis 1,20$ heute gehen

[Timmy28]

Die Amis sind auch sehr optimstisch.

buyhigh.net stuft die Aktie mit Strong buy ein für die nächsten 10 Tage.

PRGX should be heading into the $1 level, you need to load up this stock below 50 cents. This stock could be ok to hold for the next 10 days rally. good luck!

[kraftstein]

weiss jemand wie ein doller zu ein euro steht?

auf ein wunderschönen tag....

[Exploser]

[posting]19.102.275 von kraftstein am 30.11.05 11:32:12[/posting]1 Dollar = 0,82 Euro

[PizPalue]

[posting]19.102.745 von Exploser am 30.11.05 11:51:19[/posting]Hat jemand RT-Kurs?

[klass klever]

RT 0,8

Best Bid Best Ask
Volumen Taxe
Taxe
Volumen

5.000 0,76 0,80 5.000

Kauf Orders Verkauf Orders
Stücke Limit
Limit
Stücke

1.500 0,78 0,80 4.000

5.400 0,76 0,83 7.300

2.000 0,75 0,85 10.000

500 0,74 0,86 5.522

1.400 0,73 0,87 17.000

900 0,72 0,88 10.000

1.000 0,59 0,90 200

3.000 0,43 0,98 10.000

[klass klever]

[posting]19.103.016 von PizPalue am 30.11.05 12:07:08[/posting]RT Berlin


Aktualisiert sich bei jeden Aufruf des Theards

[davidhartmann]

ich denke mal, die eröffnung wird heute bei 0,92$ sein(PRGX).
hoffe wir sehen nochmal so einen mächtigen schub wie gestern.

[PizPalue]

[posting]19.103.220 von klass klever am 30.11.05 12:19:16[/posting]Danke!

[Zimbolette25plus]

So Freunde, jetzt wird`s spannend!

[WissenMacht]

1,10-1,20$ ist sehr realistisch

[klass klever]

In USA wird das BID bei 0,86$ immer voller

Bid: 0.87
Ask: 0.95

[amok01]

Hallo Leute.

Wichtig ist heute das der Kaufdruck in den USA nicht signifinkant nachläßt.

Aber wenn man sich durch die Ami-Boards ließt fällt auf das die Aktie jetzt erst richtig viel Aufmerksamkeit bekommt.Die letzten beiden Handelstage sind die Postings in den Boards stetig angestiegen.

Wenn die Aufmerksamkeit steigt gibt es immer wieder Leute die noch nicht investiert sind.Allerdings werden die Daytrader sicherlich auch immer mehr und warten nur auf große Tagesschwankungen die es bisher nicht gegeben hat da die Aktie im Tagesverlauf fast kontinuierlich angestiegen ist.

Also ich glaube weiterhin an einen Kurs oberhalb des Dollars diese Woche und es könnte heute schon so weit sein.

Also Leute GOOG LUCK.

[DasSchaaf]

RT:
Bid 0.91
Ask 0.95

[DasSchaaf]

RT:
Bid 0.95
Ask 0.99

[WissenMacht]

[WissenMacht]

Wert 3 bisher +62,96 %
und heute werden es 100%

[WissenMacht]

[posting]19.105.328 von WissenMacht am 30.11.05 14:26:33[/posting]ups falscher thread
aber richtige aktie

[DasSchaaf]

RT 0.99$

[DasSchaaf]

RT 1.02$

[DasSchaaf]

RT 1.07$

[Zimbolette25plus]

RT 1,12!!!!

Wer hat die Nerven für nochmehr?

[Zimbolette25plus]

Ratio kippt gerade....

Was nun?!?!?

[JohannesHus]

Kurs kackt ab

[JohannesHus]

16:34:08 0,870 300
16:32:31 0,860 0
16:31:18 0,940 300
16:30:28 0,940 700
16:30:18 0,920 4000
16:18:47 0,970 600
16:10:39 0,920 2000
16:08:12 0,970 450
16:03:26 0,950 300
15:55:10 0,930 4000

[Zimbolette25plus]

Zum Glück hab ich die Hälfte vertickt...

Aber es bleibt dabei, daß heute weiter alles drin ist. Auch nach oben.

[Timmy28]

Es geht morgen auch weiter aufwärts.Ist doch ganz normal dass der Kurs zwischendrin mal etwas nachgiebt.

[kraftstein]

gott sei dank... geht es ein bischen runter... anlauf und wieder hopp

[kraftstein]

und geschafft RT 1,05

[amok01]

Na da haben sich aber einige erschrocken wie ich sehe.

So wie ich denke war das gerade in den USA volle Absicht um auf niedrigem Nivau noch mal zwischendurch sich fett einzudecken.

Denkt dran wenn der Kurs längere Zeit auf der Stelle tritt setzten viele Anleger schnell Stopp-Loss Marken um sich abzusichern weil sie unsicher werden.

Das wurde ausgenutzt.

Aktueller Kurs in den USA RT: 1,04 Dollar
Handelsvolumen in den letzten 20 min. über 6 Millionen Aktien.Insgesamt fast 17 Millionen heute(bis jetzt).

[Zimbolette25plus]

Ich muss sagen, mir geht es blendend, auch wenn ich heute mal die Hälfte vertickt habe.



Denn die anderte rennt ja weiter - wenn denn gerannt wird. Habe auch schon oft erlebt, daß am 3. Tag erstmal die Puste ausgeht. Wenn dem nicht so ist - umso besser.

[davidhartmann]

bin gerade bei PRGX raus, viel erfolg weiter damit
hab mich bei +32% verabschiedet.
mal sehen was morgen geht oder heute abend noch

[Identix]

amok bist du auch noch drin

[Timmy28]

Ich denke mal, heute wird nicht mehr viel gehen in Berlin.
Aber nachdem einige Gewinnmitnahmen oder enge Stop Loss Orders ausgeführt sind, werden wir diese Woche auf alle Fälle bis zum Freitag über 1 € stehen.

[amok01]

Ja natürlich bin ich noch drin und lass mich auch nicht verunsichern wenn der Kurs mal stagniert solange mir mein Gefühl sagt das hier noch lange nicht das Ende des UP-Moves ist.

Also locker bleiben und beobachten.

[Identix]

sehe ich genauso, lass da mal eine kleine gute news noch kommen, dann sehen wir die 2 $ noch vor weihnachten

[WissenMacht]

es geht wieder hoch drüben
1$

[Zimbolette25plus]

Am Ende ganz schön abgeschmiert!

Jetzt bin ich auf morgen aber richtig gespannt!



Ich tippe mal, es wird noch einen Tag konsolidiert - und dann starten wir durch Richtung 1,30.

[klass klever]

Dow Jones hat den selben Tageschart.


und

[WissenMacht]

für morgen ist wieder phantasie drin.

krasse unterbewertung

[Fittibaldi]

Mit deiner Phantasie gehen wir morgen in den Keller.
0,70 USD oder tiefer.
Die Zockerpartie ist zu Ende, und die letzten beißen
die Hunde!

[amok01]

Wenn ich mir die letzten Tage so anschaue dann muß ich sagen das sich unsere Aktie genial schlägt.
Letzten Freitag Schlußkurs in den USA bei 0,31 Dollar.
Gestriger Schlußkurs lag bei 0,91 Dollar.Also eine Steigerung von fast genau 200% in drei Tage.
Am vierten Tag eine KLEINE Konso von 5cents auf 0,86 Dollar bei nur 1/4 der Vortagesumsätze.

Alles in allem eine Bomben Woche bis jetzt.Das der Kurs an irgendeinem Tag mal konsolidieren wird war ja klar.Und das die Konso so gering ausfällt nach dem starken Anstieg ist ja der absolute Hammer.
Und des weiteren ist es gut das die Umsätze bei den fallenden Kursen nur ein Bruchteil von denen sind die wir bei steigenden Kursen haben.

Was jetzt noch fehlt ist ein positiver Wochenausklang morgen mit grünem Vorzeichen.

Vielleicht schließen wir morgen ja über 1 Dollar in den USA.

Aber mal abwarten und erst mnal schlafen.

Bis denne.

[Fittibaldi]

Ist es mit der Korrektur zu Ende oder geht es morgen
noch tiefer, heute hat auch der Markt gestützt sonst
hätten wir wahrscheinlich tiefere Kurse gesehen?

[h2o.0001]

Hi, die daytrader sind überes we drausen und bleiben es auch, also bleibt oder fällt der kurs (meine einschätzung)
Ab montag evtl. wieder nach oben ....

[JohannesHus]

Nach dem Anstieg ist es nur natürlich, dass sich das ganze erst einmal beruhigen muss.

..und das ist auch gut so

Wenn der Boden gefunden ist, ist die Chance für Neueinsteiger da

[Timmy28]

Ist ja ziemlich ruhig heute.Fast keine Umsätze.

[rio123]

[posting]19.132.709 von Timmy28 am 02.12.05 12:26:13[/posting]wie auch, wenn die zocker erstmal raus sind.
rio123

[Timmy28]

Naja,erstens mal ist Freitag und es wartet sicher auch jeder was in USA passiert.
Bei der Aktie handelt es sich aber trotzdem um keine Zockeraktie meiner Meinung nach.

[rio123]

[posting]19.133.121 von Timmy28 am 02.12.05 12:58:33[/posting]naja für mich wars erstmal nur ein zock, mit dem ich zufrieden war. Schaue aber immer mal wieder hin könnte ja nachmal was geben
rio123

[Timmy28]

[posting]19.133.199 von rio123 am 02.12.05 13:05:22[/posting]Man konnte kurzfristig gut zocken,klar.
Man konnte innerhalb kürzester Zeit viel Geld machen.
Aber ich denke man darf die Aktie nicht als Zockeraktie bezeichnen.
Denke schon, dass die Aktie bis 2 Euro weiterlaufen könnte die nächsten Monate.

[Killerlausi]

Der Zock ging doch nur 2 Tage, eigentlich was wenig.

[Timmy28]

Du meinst es sollte weiter gehen?

[rainer271]

Dieses mal bis jetzt keine vorbörslichen Trades.
Es scheinen wirklich alle Trader bereits im We. Urlaub zu sein. Wird bestimmt noch ein interessanter Tag ab US-
Eröffnung.

[amok01]

Eröffnung bei 0,86 Dollar

RT 0,87 Dollar

Na mal schauen.Wenig Umsatz bis jetzt.

[amok01]

UPsssssssssss

RT 0,77 Dollar

[amok01]

RT 0,84 Dollar fast 800000 Stück umgesetzt in den USA.

Tagestief 0,77 Dollar / Tageshoch 0,89 Dollar

Mal schauen.

[JohannesHus]

In Deutschland fast kein Handel

Wird schon werden

[Killerlausi]

Hallo JohannesHus, hast Du nicht zuletzt bei ADSX gepostet, mit den Worten " Schrott" ?!

[freshmeat]

hi, unter yahoo sind news bezüglich Star Ranking, und da haben wir 4 von 5 bekommen :-). is ja wohl nicht schlecht ;-)

[Zimbolette25plus]

Was ist los leude, hat euch der Mut verlassen?!?!?!?!

Bin immer noch mit 4000 Stück investiert. Zum Glück - will ich sagen - hab ich mir meinen Einsatz schon wieder rausgezogen. Aber kommende Woche kann doch nur gut werden - oder?

[Fittibaldi]

Hallo zimbolette25plus!

Glaubst du wirklich das es noch einmal nach oben geht,
ich denke es nicht, wie es jetzt ausschaut gehen wir
wieder zurück Richtung 0,25 bis 0,40 USD wenn die Bude
nicht vorher Konkurs anmeldet, dann sehen wir Kurse um
0,01 USD! Bei diesen Schulden die diese Firma hat ist letzters sehr wahrscheinlich. Ich hoffe das ich noch
mit einem blauen Auge davon komme.
Habe leider noch 15000 Stk. von diesem Mist, leider viel
zu hoch gekauft. Vielleicht habe ich noch einmal Glück!

[davidhartmann]

PRG ist ein reiner zockerwert, nicht mehr und nicht weniger.
warum sollte der kurs jetzt noch einmal grossartig nach oben gehen? fundamental gibts da wohl keine gründe für.

[JohannesHus]

[posting]19.136.444 von Killerlausi am 02.12.05 16:21:36[/posting]Nein

[amok01]

Hallo zusammen.

Na alle schon ausgestiegen???

Die Woche war doch gar nicht so schlecht.Wer auf meine Threaderöffnung hin eingestiegen ist der dürfte einen Einstiegskurs von ca. 0,42 Dollar haben und ist somit noch fett im Plus.

Natürlich hat niemand mit so einem Kursanstieg am Montag und Dienstag und die ersten Handelsstunden am Mittwoch gerechnet.

Aber nur weil Sie jetzt vom Schlußkurs am Mittwoch bei 0,91 Dollar auf 0,70 Dollar(Freitagsschluß)gefallen ist gleich die Aktie tot zu reden und schon eine Pleite vorwegzunehmen ist völlig übertrieben.

Wer am Mittwoch seine Gewinne auf Tageshoch mitgenommen hat : Glückwunsch

Aber ich glaube weiterhin an einen weiteren Anstieg in der kommenden Woche.Klar die Zahlen des letzten Quartals sahen nicht gut aus aber die Firma hat meines erachtens eine gute Möglichkeit die Kurve zu bekommen.Die Zwischenfinanzierung von 8 Millionen Dollar ist zwar nicht viel vom Volumen her aber mit den Restrukturierungsmaßnahmen(Mitarbeiterabbau 71 Leute) die PRGX eingeleitet hat sind Sie glaube ich auf einen guten Weg.

Wenn man sich den Chart von Anfang Oktober anschaut sieht man das die Aktie von Anfang Oktober 3 Dollar bis Anfang Novemder 0,70 Dollar gefallen ist.Bei ca. 0,70 Dollar pendelte eine Woche herum um dann auf 0,31 Dollar zu fallen.

Der Kursanstieg in der vergangenen Woche von 0,31 auf 0,91 Dollar waren für drei Tage vielleicht auch zu viel des guten.Der Kurs gab am Freitag auf 0,70 Dollar nach und hat somit den Punkt erreicht wo er Anfang November auch schon mal war.Jetzt dient dieser Bereich aber als Unterstützung würde ich sagen.

Das am Freitag üblicherweise bei den Tradern die Gewinne der Woche mitgenommen werden ist ja klar aber in den letzten 15 Minuten des Handelstagestages am Freitag wurden in den USA auch wieder fleißig gekauft.Alleine das Volumen in den letzten 15 Minuten war mit über 1 Millionen Aktien nicht schlecht und das bei einem steigenden Kurs zum Börsenschluß.

Ich glaube das am Montag da weitergemacht wird und der Kurs wieder nach Norden dreht.Wenn er das macht dann geht es wieder mächtig ab und der Dollar dürfte dieses mal nicht ein so großes Problem werden.

Warten wir es mal ab.

Und jetzt schlagt mich tot das ich postiv eingestellt bin und das immer noch.

[klass klever]

[posting]19.151.278 von amok01 am 04.12.05 16:39:51[/posting]Amok01

sehe das genauso wie du.
Auch wenn ich am Donnerstag ausgestiegen bin, heisst das nicht, das ich an der Story glaube.
Nach dem Anstieg von 300% im Hoch, war es normal das man Gewinne mal mitnimmt. Die Aktie ist aber nicht ins bodenlose gefallen und das ist für mich ein Zeichen das hier gesammelt wird.

Werde am montag entscheiden, ob ich wieder kleine Positionen kaufe.

n8
kk

[Schnitzelbaer]

[posting]19.151.278 von amok01 am 04.12.05 16:39:51[/posting]ich stimme Dir auch zu.
Die Gewinnmitnahmen am Freitag sind ja schon Tradition. Zum Schluß hin wurde der Kurs aber wieder nach oben getrieben und fleisig eingekauft.
Ich rechne mit einer Eröffnung um die 0,75 Cent. Dann könnte es in der ersten Stunde nochmal bis 0,70 runtergehen bevor der erneute Anstieg kommt. Und wenn der kommt sollte die 1$ Marke locker genommen werden.

[h2o.0001]

bin wieder dabei ...

denke heute gehts in USA wieder hoch

[Meganonn]

Das sieht aber garnicht gut aus (über 18 % Kursverlust am Freitag). Aber wer in Pennystocks investiert, kennt ja die Risiken ...

[amok01]

Antwort auf Beitrag Nr. 19.156.588 - erstellt von Meganonn am 05.12.05 11:14:52

Hast Du Dir nur den Freitag angeschaut?????????

Dann guck mal wo die Aktie Montag hergekommen ist dann wirst Du vielleicht verstehen warum einige Trader Ihre Gewinne am Freitag mitgenommen haben.

Aber wir werden in den nächsten Tagen sehen ob es nur ein Strohfeuer war(was ich nicht glaube) oder ob die Kurstrendwende aufgrund der Restrukturierung in der Firma sich weiter Richtung Norden fortsetzt.

Aber wir werden sehen.

[Schnitzelbaer]

[posting]19.156.904 von amok01 am 05.12.05 11:46:17[/posting]Nicht aufregen..manche sehen eben nur das was sie sehen wollen. Nachdem es 3 Tage lang extrem nach oben ging war das ganz normal am Freitag.

Heute ist ein neuer Tag und der sollte GRÜN sein

[Schnitzelbaer]

08:00:04 Q 0.77 +0.07 100

erster Trade

[Schnitzelbaer]

Wenn das mal kein schöner Tag wird

[Schnitzelbaer]

bin ich hier der Alleinunterhalter ??

[sky6]

sieht ganz danach aus

taxe im moment 0,66 zu 0,76

[Schnitzelbaer]

na dann mach ich schon mal etwas Musik

[Zimbolette25plus]

Ich bin noch nicht so optimistisch wie du. Aber ich täusche mich gern!

[Schnitzelbaer]

[posting]19.158.574 von Zimbolette25plus am 05.12.05 14:29:28[/posting]Mein Motto :

[Schnitzelbaer]

09:01:35 Q 0.73 +0.03 100

08:53:46 Q 0.69 -0.01 235

08:11:16 Q 0.69 -0.01 1,100

08:00:04 Q 0.77 +0.07 100

[Schnitzelbaer]

Taxe USA 0,70/0,72

[Schnitzelbaer]

USA 0,71 / 0,72

[klass klever]

Ich habe

Bid: 0.71
Ask: 0.76

[Schnitzelbaer]

09:26:16 Q 0.718 +0.018 500

[Schnitzelbaer]

[posting]19.159.365 von klass klever am 05.12.05 15:25:38[/posting]dann hast du kein RT

[Schnitzelbaer]

09:28:56 Q 0.71 +0.01 3,200

09:26:16 Q 0.718 +0.018 500

09:01:35 Q 0.73 +0.03 100

08:53:46 Q 0.69 -0.01 235

08:11:16 Q 0.69 -0.01 1,100

08:00:04 Q 0.77 +0.07 100

[Schnitzelbaer]

RT USA 0,72

[klass klever]

Was nicht

Last Trade: 0.71 9:28AM ET
Bid: 0.70
Ask: 0.72

[Schnitzelbaer]

09:30:45 Q 0.718 +0.018 5,555

09:30:14 Q 0.71 +0.01 1,650

09:30:06 Q 0.72 +0.02 2,500

[klass klever]

0.71 PRGX - PRG-SCHULTZ INTERNATIONAL IN
Change:

+0.01 % Change:

+1.43% High:

0.72 Low:

0.69 Volume:

105,161

[klass klever]

0.73 PRGX - PRG-SCHULTZ INTERNATIONAL IN
Change:

+0.03 % Change:

+4.29% High:

0.73 Low:

0.69 Volume:

156,199

[Schnitzelbaer]

09:33:08 Q 0.72 +0.02 300

09:33:06 Q 0.72 +0.02 1,500

09:32:06 Q 0.71 +0.01 7,000

[Schnitzelbaer]

RT USA 0,73

[klass klever]

RT 0,74

[klass klever]

Last:

0.76 PRGX - PRG-SCHULTZ INTERNATIONAL IN
Change:

+0.06 % Change:

+8.57% High:

0.76 Low:

0.69 Volume:

274,596

[Schnitzelbaer]

RT USA 0,74

[Schnitzelbaer]

09:36:28 Q 0.74 +0.04 1,000

09:36:25 Q 0.73 +0.03 1,000

09:36:25 Q 0.73 +0.03 950

09:36:25 Q 0.73 +0.03 300

09:36:17 Q 0.73 +0.03 5,000

09:36:12 Q 0.73 +0.03 1,805

09:36:12 Q 0.73 +0.03 695

09:35:56 Q 0.73 +0.03 5,695

09:35:55 Q 0.73 +0.03 1,000

09:35:53 Q 0.73 +0.03 3,000

[klass klever]

Symbol: PRGX
Last Trade: 0.77 9:41AM ET
After Hours Change: N/A
Today`s Change: 0.07 (10.00%)
Bid: 0.77
Ask: 0.78

[sky6]

0,81
sieht ja sehr gut aus für heute

[klass klever]

Schnitzelbaer hast du RT

Last:

0.81 PRGX - PRG-SCHULTZ INTERNATIONAL IN
Change:

+0.11 % Change:

+15.71% High:

0.83 Low:

0.69 Volume:

607,942

[klass klever]

Last:

0.82 PRGX - PRG-SCHULTZ INTERNATIONAL IN
Change:

+0.12 % Change:

+17.14% High:

0.83 Low:

0.69 Volume:

943,088


PS: habe heute in D zu 0,61 gekauft

[klass klever]

Es läuft

Last:

0.8301 PRGX - PRG-SCHULTZ INTERNATIONAL IN
Change:

+0.13 % Change:

+18.57% High:

0.85 Low:

0.69 Volume:

1,434,671

[Schnitzelbaer]

RT 0,82

[Schnitzelbaer]

RT 0,83

[Schnitzelbaer]

RT 0,84

[Schnitzelbaer]

RT 0,85

[giesser]

Stocks >> DETAILED QUOTE SNAPSHOT

Detailed Quote Snapshot 12/05/2005 09:54 AM
Last:

0.77 PRGX - PRG-SCHULTZ INTERNATIONAL IN
Change:

+0.07 % Change:

+10.00% High:

0.86 Low:

0.69 Volume:

2,431,091

[Schnitzelbaer]

09:51:02 Q 0.82 +0.12 12,000

09:50:57 Q 0.81 +0.11 40,000

[Schnitzelbaer]

kurze Verschnaufpause vor dem 1$

[Zimbolette25plus]

Naja, so richtig rocken will das Teil heute aber nicht, Freunde.

[Schnitzelbaer]

im ersten Sturm auf 0,85 dann ne Erholung und dann wirds wieder los gehen.
Was für Sprünge muß denn bei Dir ne Aktie machen ?? lool
in Dollar Schritten ?? <grööhl>

[klass klever]

Da kommt noch etwas.

Es wurden fast 3 Mio aus dem ASK gekauft und mit 500000 kurz runtergedrückt.

RT 0,75 Volume:3,586,189

[Schnitzelbaer]

das geht heut noch richtig rauf

[Schnitzelbaer]

sieht so aus als ob es wieder los geht

[Schnitzelbaer]

RT 0,77

[Schnitzelbaer]

RT 0,78

da wird ja fast nur aus dem ASK gekauft

[Zimbolette25plus]

0,74...

Die Luft ist schon wieder raus. Bäh.

[Zimbolette25plus]

Ab ins Minus.
Fuck.

[Schnitzelbaer]

das wird heut bei Eröffnung in USA wahrscheinlich wieder genau das gleiche Spiel wie gestern.
Hab ich nix dagegen, da kann man schön was Gewinn machen

[Zimbolette25plus]

:O

[Killerlausi]

Was ist denn nun mit dem Saftladen, sind die Pleite oder hat der Laden noch nen´ Wert ?!
Danke im voraus.

[Killerlausi]

Central Europe
PRG-Schultz Deutschland GmbH
Hafenstraße 58
D-41460 Neuss
Germany
Phone: [phone]
Fax: [phone]

[Zimbolette25plus]

Wo seid ihr denn alle? auf euren beständen sitzen geblieben? Sieht wohl so aus, als hätte PRG doch ernstere Probleme?!?!?

Habe noch 4000 stück und überlege, ob ich halten oder verkaufen soll... ich denke, jetzt isses wirklich ein deftiger zock.

[klass klever]

[posting]19.326.463 von Zimbolette25plus am 18.12.05 11:55:23[/posting]Sieht wohl so aus, als hätte PRG doch ernstere Probleme?!?!?

Wo liest du das denn??
Die Meldung vom Freitag ist normal an der Nasdaq. Wenn man eine gewiese Zeit nicht die 1$ hält.

KK
Guten Morgen oder Gute N8

[@Blackbeard]

[posting]19.326.463 von Zimbolette25plus am 18.12.05 11:55:23[/posting]Ich habe 8000 Stück zu 0,95 Euro

[Zimbolette25plus]

Bin ziemlich genau auf einstiegskurs (0,46). Bin mir aber irgendwie ziemlich sicher, daß es bald bei der nächstbesten gelegenheit wieder steil bergauf geht. wenn ich die nasdaq-meldung richtig verstanden habe, hat prg bis mitte mai zeit, den dollar wiederzusehen, bis es zu einem delisting kommt.
ich hätte halt doch bei 0,90 alles raushauen sollen

[@Blackbeard]

[posting]19.335.583 von Zimbolette25plus am 19.12.05 13:47:12[/posting]Dann müssen die sich aber gewaltig anstrengen, sonst landen die für immer bei den Pennystocks.
Ich will wenigstens meinen Einsatz wieder haben.

[Zimbolette25plus]

Heute geht`s ab! Was ist los?

[Zimbolette25plus]

7:06am 12/27/05
PRG-Schultz, noteholders agree on revamp, $10M financing (PRGX) By Robert Daniel
NEW YORK (MarketWatch) -- PRG-Schultz International Inc., (PRGX) the Atlanta provider of services to help companies identify and recover overpayments, said a group of noteholders agreed to restructure an issue of debt and provide $10 million of bridge financing. Under the terms, PRG-Schultz will offer to swap its $125 million of 4.75% convertible subordinated notes due 2006 for $50 million of new senior notes, $60 million of new senior convertible notes, and new Series A convertible preferred stock with a liquidation preference of $15 million. In 2011, the new notes mature and the company will redeem any of the preferred shares still outstanding.

[Zimbolette25plus]

Am Ende wieder schön abgeschmiert

[Fussballtrainer]

Wenig Umsatz!

[Tippgeber1]

was geht hier denn hier ab?
heute scheint die explosion zu folgen......
festhalten und anschnallen...

fazit: kaufen marsch marsch


PRG-Schultz International Inc.Registered Shares o.N.
02.02.06 13:14:07 Uhr

0,540 EUR

+25,58% +0,11
Börse: Frankfurt

Berlin Frankfurt Xetra

Aktualisieren

KursdatenAktuell
0,540

Zeit
02.02.06 13:14:07

Diff. Vortag
+25,58 %

Tages-Vol.
5.500

Geh. Stück
11.000

Geld
0,520

Brief
0,570

Zeit
02.02.06 13:14:12

Geld Stk.
3.000

Brief Stk.
3.000

Vortag
0,430

Eröffnung
0,470

Hoch
0,540

Tief
0,470
StammdatenWKN
899994

ISIN
US69357C1071
Letzte Kurse Zeit Kurs Volumen
13:14:07 0,540 3000
13:06:13 0,510 3000
09:09:59 0,470 5000



Grüssels
Tippgeber1

[Killerlausi]

Hallo, lebt hier noch jemand ???!!!

[Zimbolette25plus]

Katastrophe. Bin gespannt, wie dieses Ding hier wieder flott gemacht werden soll. Der Kurs verheißt nichts gutes.

[Killerlausi]

Schön das hier noch jemand lebt !

[kirroyal]

Hallo,

keiner mehr da?? Wir steigen wieder !
Allen die noch investiert sind viel Glück !
Viele Grüße

[Zimbolette25plus]

@kirroyal

sei lieber vorsichtig. für gewöhnlich zertrampelt prgx zarte pflänzchen dieser sorte spätestens in der zweiten handelshälfte.

[Gexe006]

PRG-Schultz Announces Successful Closing of Exchange Offer and New Senior Secured Credit Facility
Monday March 20, 6:00 am ET


ATLANTA--(BUSINESS WIRE)--March 20, 2006--PRG-Schultz International, Inc. (Nasdaq: PRGX - News) announced today that it has accepted all of its 4.75% Convertible Subordinated Notes due 2006 (the "Existing Notes") that were tendered in its exchange offer (the "Exchange Offer") which expired on Friday, March 17, 2006. As of the expiration of the Exchange Offer at 10:00 a.m., New York City time, on March 17, 2006, $124,530,000, or 99.6%, of the outstanding principal amount of Existing Notes had been validly tendered and were exchanged in the Exchange Offer.
ADVERTISEMENT


As a result of the consummation of the Exchange Offer, $470,000 of the Existing Notes remain outstanding, and the company issued an aggregate of (a) $51,635,846 in principal amount of 11.0% Senior Notes Due 2011 (which included $1,823,846 in additional principal amount of Senior Notes issued for accrued and unpaid interest on Exchange Notes that were exchanged), (b) $59,774,400 in principal amount of 10.0% Senior Convertible Notes Due 2011, and (c) 124,530 shares, or $14,943,600 liquidation preference, of 9.0% Senior Series A Convertible Participating Preferred Stock.

The company also announced today that it has entered into a new senior secured credit facility with Ableco Finance LLC and The CIT/Group/Business Credit, Inc., a portion of which is being syndicated to the company`s prior bridge financing lenders. The new credit facility includes a $25.0 million term loan, the net proceeds of which were funded to the company at closing on Friday, March 17, 2006, and up to $20 million in revolving loan borrowings, none of which are currently outstanding. The net proceeds of the new senior credit facility were used to repay all outstanding borrowings under the company`s existing senior credit facility with Bank of America, which were approximately $1.6 million, and all outstanding amounts under the bridge loan between the company and certain holders of its Existing Notes, including accrued and unpaid interest, which were approximately $10.1 million. The remainder of the proceeds of the term loan will be used to pay fees and expenses related to the Exchange Offer and the new senior credit facility and for general corporate purposes.

"With the successful conclusion of the exchange offer and the closing of a new credit facility, we begin a new chapter in our turnaround," said James B. McCurry, the company`s President and Chief Executive Officer. "Our balance sheet has been strengthened and our new senior credit facility provides us with the liquidity we need to run our business. We can now focus on the continued improvement of our operations and the development of new opportunities for creating value for our clients."

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world`s leading recovery audit firm, providing clients throughout the world with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client purchases and payment information to identify and recover overpayments.

Forward Looking Statements

This press release includes certain forward-looking statements in addition to historical information, including statements regarding the potential success of the company`s turnaround, anticipated liquidity needs of the company, and the company`s plans to improve operations and develop new opportunities. Actual outcomes may differ due to a number of risks and uncertainties such as (without limitation): the company`s ability to stabilize its revenue trend, the success of the company`s previously announced operational restructuring plan, the success of the company`s new service offerings, the company`s ability to retain key personnel, changes in the market for the company`s service offerings, and other risks generally applicable to the company`s business. For a discussion of other risk factors that may impact the company`s business and the success of its turnaround, please see the company`s Securities and Exchange Commission filings, including the offering circular filed as Exhibit 99(A)(1)(a) to the company`s Schedule TO on February 1, 2006, the company`s Form 10-K filed with the Securities and Exchange Commission on March 16, 2005, and the company`s subsequent Forms 10-Q for the first three fiscal quarters of 2005. The company disclaims any obligation or duty to update or modify these forward-looking statements.

[Gexe006]

up up and away

hier die letzten RT

9:01:11.590 S 4,500 0.6200
8:55:53.645 B 4,900 0.6200
8:55:53.645 B 100 0.6200
8:55:47.215 B 2,000 0.6200
8:55:47.215 B 100 0.6200

[Gexe006]

PRG-Schultz Completes Refinancing
Monday March 20, 10:02 am ET
PRG-Schultz Completes Refinancing With New Notes, Credit Facility


ATLANTA (AP) -- PRG-Schultz International Inc., a provider of recovery audit services, said Monday that it finished restructuring its debt to keep the company liquid while it turns itself around.
Shares of PRG-Schultz rose 8 cents, to 15 percent, to 61 cents in morning trading on the Nasdaq. Over the past year, shares have traded in a band of 24 cents to $5.15.

ADVERTISEMENT


The company tendered $124.5 million, or 99.6 percent, of its 4.75 percent convertible subordinated notes due 2006, with $470,000 remaining outstanding. The company announced it would restructure its debt in December.

PRG-Schultz issued $51.6 million in 11 percent senior notes due 2011, $59.8 million in 10 percent senior convertible notes due 2011, and nearly 125,000 of 9 percent senior series A convertible participating preferred stock with a liquidation value of $14.9 million.

The company also secured a new credit facility with Ableco Finance and CIT/Group/Business Credit. The facility has a $25 million long term loan and up to $20 million in revolving loan borrowings. The company will use the facility to pay of about $1.6 million in borrowings from Bank of America, and $10.1 million in existing notes.

[Gexe006]

gefunden in einem andren Forum
erstellt am : 2006-03-20 12:40
Reportar abuso

Lisbon - A source from Banco Comercial Português (BCP) said today that Banco Comercial Português will launch a takeover to PRG-Schultz International Inc.
Banco Comercial Português (BCP), will notifie friday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of PRG-Schultz International Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid.
Banco Comercial Português (BCP) will launch a takeover bid for Silver PRG-Schultz International Inc with the payment of $1.15 USD for each of the that responded to the tender offer, this initial offer could reach the limit of price of $1.40 USD for each share of the company.

[Gexe006]

[posting]20.873.591 von Gexe006 am 20.03.06 18:39:48[/posting]hierzu kann ich allerdings keinerlei Informationen finden

[Gexe006]

Last Trade: 0.63
Trade Time: 4:00PM ET
Change: 0.10 (18.87%)
Prev Close: 0.53
Open: 0.59
Bid: 0.63 x 1600
Ask: 0.63 x 100

[Gexe006]

After Hours
Time (ET) After Hours
Price After Hours
Share Volume
18:26 $ .65 1,200
17:42 $ .65 5,000
17:41 $ .65 5,000
17:34 $ .66 910
17:32 $ .65 8,500
17:32 $ .65 1,000
17:32 $ .65 5,663
17:29 $ .65 300
17:29 $ .65 1,300
17:24 $ .645 5,000
17:02 $ .635 5,000
17:02 $ .64 4,000
17:02 $ .64 1,740
16:46 $ .64 1,000
16:45 $ .64 1,700
16:27 $ .64 1,560
16:25 $ .64 3,600
16:25 $ .64 1,600
16:25 $ .64 1,800
16:24 $ .64 5,000
16:24 $ .64 3,200
16:23 $ .64 3,200
16:23 $ .64 1,800
16:22 $ .64 5,000
16:22 $ .64 5,000
16:19 $ .64 400
16:19 $ .64 1,400
16:16 $ .6298 200
16:16 $ .6298 200
16:16 $ .6298 200
16:16 $ .6298 452
16:16 $ .6299 12,157
16:16 $ .63 300
16:16 $ .63 2,000
16:16 $ .63 336

[Gexe006]

Pre-Market Trade Reporting Tuesday March 21


Pre-Market
Last: $ .65 Pre-Market
High: $ .66
Pre-Market
Volume: 4,685 Pre-Market
Low: $ .65

Pre-Market
Time (ET) Pre-Market
Price Pre-Market
Share Volume
08:04 $ .65 1,800
08:02 $ .66 2,000
08:02 $ .65 885

[Gexe006]

up up and away

[Gexe006]

sitze ich hier alleine im Zug
Haaaaaaaaaaaaalllllllllllllllooooooooooooo
10:26:16.344 S 300 0.7200
10:26:16.295 S 600 0.7200
10:26:15.879 B 100 0.7200
10:26:10.248 B 100 0.7190
10:26:08.275 B 100 0.7190
10:24:40.230 S 3,800 0.7180
10:24:40.052 B 200 0.7180
10:24:40.052 B 100 0.7180
10:22:57.551 B 2,900 0.7180
10:22:57.551 B 1,000 0.7170

[kirroyal]

[posting]20.891.436 von Gexe006 am 21.03.06 16:29:13[/posting]Nein, bin auch noch vertreten.
Viele Grüße

[Gexe006]

[posting]20.891.478 von kirroyal am 21.03.06 16:31:04[/posting]
schön das auch noch Andere mit auf der Party sind

10:36:36.608 S 1,100 0.7480
10:36:33.604 B 200 0.7480
10:36:18.931 B 19,500 0.7450

[kirroyal]

[posting]20.891.583 von Gexe006 am 21.03.06 16:37:32[/posting]Hallo,
ich hoffe die Party dauert etwas länger an.
Mein EK war 0,79 Euro.
Allen viel GLÜCK !

[Gexe006]

[posting]20.891.794 von kirroyal am 21.03.06 16:48:09[/posting]Hoffe das Du in naher Zukunft in die Gewinnzone kommst
Und die Party weitergeht

10:47:39.162 B 3,000 0.7290
10:47:36.026 B 2,700 0.7300
10:45:57.334 B 200 0.7400

[Deggen]

Bin gestern zu 0,61 Dollar rein.

Hatte PRGX schon lange auf der Watch, weil ich wusste wenn das mit
Finanzierung gelingt dann kennt die Aktie erstmal nur eine Richtung.
Leider habe ich das mit den News erst gestern so richtig gerafft.

Naja besser zu spät als nie und Potenzial ist auf jeden Fall noch vorhanden...



Viel Erfolg allen Investierten!!!

[Gexe006]

[posting]20.893.855 von Deggen am 21.03.06 18:27:25[/posting]Herzlich willkommen

[Gexe006]

Mar. 21, 2006 Market Closed
Common Stock Market : NASDAQ-NM
Last Sale: $ 0.67 Net Change: 0.04 6.35%
Share Volume: 10,546,761 Previous Close: $ 0.63
Today`s High: $ 0.7599 Today`s Low: $ 0.61


After Hours Trade Reporting
After Hours
Last: $ .68 After Hours
High: $ .69
After Hours
Volume: 21,700 After Hours
Low: $ .66

After Hours
Time (ET) After Hours
Price After Hours
Share Volume
18:28 $ .68 4,500
18:28 $ .68 500
18:17 $ .68 4,564
18:17 $ .68 436
17:58 $ .69 100
17:29 $ .66 3,000
17:29 $ .66 300
16:37 $ .67 8,300

[Gexe006]

Form 8-K for PRG SCHULTZ INTERNATIONAL INC


--------------------------------------------------------------------------------

21-Mar-2006

Entry into a Material Definitive Agreement, Material Modification t



ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On March 15, 2006, PRG-Schultz International, Inc. (the "Company") entered into the Fifth Amendment (the "Amendment") to its Shareholder Protection Rights Agreement (the "Shareholder Rights Plan") with Wachovia Bank, National Association, as Rights Agent, dated as of August 9, 2000 (previously amended on May 15, 2002, August 16, 2002 and November 7, 2005), to revise the definition of "Acquiring Person" contained in the Shareholder Rights Plan.

The Amendment provides a carve out (the "Exchange Offer Carve-Out") for increases in beneficial ownership of common stock due solely to the closing of the Company`s Exchange Offer (described under Item 3.03 below). Under the Exchange Offer Carve-Out, no person will be deemed an Acquiring Person (and thus trigger the poison pill) due solely to an increase in beneficial ownership of common stock resulting solely from the close of the Company`s Exchange Offer, so long as no subsequent increases are effected without approval by the Board of Directors.

In addition, the Amendment alters certain exceptions that are provided for the "Blum Investors." The "Blum Investors" include Blum Capital Partners, L.P., Richard C. Blum & Associates, Inc., Blum Strategic GP, LLC, Blum Strategic GP II, LLC, Blum Strategic Partners, LP, Blum Strategic Partners II, LP, Richard C. Blum, Stinson Capital Partners, L.P., Stinson Capital Partners II, L.P., Stinson Capital Partners III, LP, Stinson Capital Fund (Cayman), Ltd., BK Capital Partners IV, L.P., Carpenters Pension Trust for Southern California, Common Fund Multi-Strategy Equity Fund, United Brotherhood of Carpenters and all other affiliates of the above-named Blum Investors that are party to the certain standstill agreement dated August 16, 2002, as amended and restated on November 14, 2005 remains in effect (the "Standstill Agreement"). Under the Shareholder Rights Plan, certain acquisitions of common stock by the Blum Investors are disregarded for purposes of determining whether the Blum Investors constitute an Acquiring Person under the Shareholder Rights Plan. The Plan provides that, subject to certain exceptions, no Blum Investor or Investors will be deemed an Acquiring Person so long as that, and as long as the Blum Investors do not raise their beneficial ownership of common stock beyond the amount reported (which was 9,851,903 shares) in their amendment to Schedule 13D filed with the SEC on June 17, 2002 by more than 5,784,675 shares (the "Limit").

Prior to the Amendment, the following increases were disregarded in computing whether the Blum Investors exceeded the Limit:

o increases due to stock splits, share dividends, recapitalizations, reclassifications, or similar transactions effected by or with the approval of the Board of Directors; and

o increases due to the acquisition of the Company`s 4 3/4% Convertible Subordinated Notes (and any acquisition of common stock acquired upon the conversion of such notes) (the "Note Exclusion").

The Amendment provides that the Note Exclusion expired at the close of the Company`s Exchange Offer (which took place on Friday, March 17, 2006), and it excludes from the computation of the Limit the shares subject to the Exchange Offer Carve-Out as well as any shares of Company common stock which were beneficially owned by other members of the Ad Hoc Committee of bondholders, and which the Blum Investors may have been deemed to beneficially own due solely to their membership or participation in that committee.

The Amendment is filed as Exhibit 4.1 hereto and is incorporated by reference herein. The Rights Agent also serves as the Transfer Agent for the Company`s Common Stock and the Trustee for the Company`s outstanding notes.

SECTION 3 SECURITIES AND TRADING MARKETS.

ITEM 3.03 MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS.
On March 15, 2006, the Company filed Articles of Amendment (the "Articles of Amendment") to its Articles of Incorporation with the Secretary of State of Georgia, authorizing issuance of two new series of preferred stock: Series A Convertible Participating Preferred Stock (the "Series A Preferred Stock") and Series B Convertible Participating Preferred Stock (the "Series B Preferred Stock") in connection with the Company`s Exchange Offer. On March 17, 2006, upon the closing of the Exchange Offer, the Company issued an aggregate of (a) $51,635,846 in principal amount of 11.0% Senior Notes Due 2011 (which included $1,823,846 in additional principal amount of Senior Notes issued for accrued and unpaid interest on Exchange Notes that were exchanged), (b) $59,774,400 in principal amount of 10.0% Senior Convertible Notes Due 2011, and (c) 124,530 shares, or $14,943,600 liquidation preference, of the Series A Preferred Stock in exchange for $124,530,000 or 99.6% of the outstanding principal amount of its 4.75% Convertible Subordinated Notes due 2006.

No Series B Preferred Stock has yet been issued. The Series B Preferred Stock is issuable only upon conversion of the new senior convertible notes, which are only convertible under certain circumstances. Each $1,000 of face amount of the convertible notes are convertible into approximately 2.083 shares of series B preferred stock; provided that upon the occurrence of certain events, including approval by the shareholders of an amendment to the Company`s Articles of Incorporation to increase the number shares of common stock available for issuance, the convertible notes will be convertible only into common stock, at a rate of approximately 1,538 shares per $1,000 principal amount.

The Series A Preferred Stock is convertible at the rate of $0.28405 of liquidation preference per share of common stock. The Series B Preferred Stock is convertible at the rate of $0.65 of liquidation preference per share of common stock, subject to certain conditions, including amendment of the Articles of Incorporation to allow sufficient additional shares of common stock to be issued for the conversion.

Under the Articles of Amendment, the Series A and Series B Preferred Stock have the right to vote with the Company`s common stock on most matters requiring shareholder votes. Each share of Preferred Stock will be entitled to the number of votes that the shares of common stock issuable upon conversion of such share would have. Each share of Series A Preferred Stock will initially have 422.5 votes, and each share of Series B Preferred Stock (were any issued) will initially have 738.5 votes. Immediately following the closing of the Exchange Offer, holders of the Company`s common stock owned approximately 54% of the equity of the Company. If all the new senior convertible notes had been converted into series B preferred stock at the time of closing, the existing common shareholders would have owned approximately 30% of the equity of the Company.

The terms of the Preferred Stock also restrict certain distributions, including the payment of dividends, on the Company`s common stock unless the Company has paid or set aside the cumulative dividends then owed on the Preferred Stock. The new series A preferred stock has a 9% dividend, payable in cash or in kind, at the option of the Company. Any Series B preferred stock issued will have a 10% annual dividend and a liquidation preference equal to the principal amount of notes converted.

The terms and conditions of the Preferred Stock are more particularly described in the Articles of Amendment, as corrected, which is filed as Exhibit 3.1 hereto and incorporated hereunder by reference.

The contents of Item 1.01 describing certain revisions to the Company`s Shareholder Rights Plan are incorporated hereunder by reference.

SECTION 5 CORPORATE GOVERNANCE AND MANAGEMENT.

ITEM 5.03 AMENDMENT TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR.
On March 15, 2006, the Company filed the Articles of Amendment related to the Preferred Stock, a copy of which is filed herewith as Exhibit 3.1. See Item 3.03 above, the contents of which are incorporated hereunder by reference.

[Zimbolette25plus]

Ich würde ja gerne den Optimismus teilen... Bin mit meinem Gewinn und 4k drin, also nur klein.

[Gexe006]

Antwort auf Beitrag Nr.: 20.907.952 von Zimbolette25plus am 22.03.06 14:59:39

tja wie es scheint ist die Party vorerst gestoppt

[Gexe006]

Antwort auf Beitrag Nr.: 20.925.378 von Gexe006 am 23.03.06 18:32:12

Last Trade: 0.57
Trade Time: 4:00PM ET
Change: -0.10 (-14.93%)
Prev Close: 0.67
Open: 0.68
Bid: 0.55 x 2000
Ask: 0.57 x 1000
1y Target Est: 3.50

Day's Range: 0.53 - 0.69
52wk Range: 0.24 - 5.15
Volume: 40,660,536
Avg Vol (3m): 2,465,330
Market Cap: 38.73M

[Zimbolette25plus]

Wie immer.
Ich mach mir da keinen Kopf mehr.
Ist ohnehin ein absoltes Alles-oder-nichts-ding.
Wenn sie ohne große Aufstände den Turnaround irgendwie hinkriegen, wird das Ding durch die Decke schießen.
Sollten Sie sich Ideen ausdenken wie Kapitalerhöhung, hauen wir gegen Null. So einfach ist das.
Reine speku! aber hat ja auch schon funktioniert. Also hoffen wir das beste!

[Gexe006]

Mal sehn wie es weitergeht,auf jedenfall Wahnsinnsumsätze

Gestern wie Heute

Last Trade: 0.61
Trade Time: 11:40AM ET
Change: 0.04 (7.02%)
Prev Close: 0.57
Open: 0.57
Bid: 0.61 x 8000
Ask: 0.61 x 17500
1y Target Est: 3.50

Day's Range: 0.55 - 0.62
52wk Range: 0.24 - 5.15
Volume: 12,097,448
Avg Vol (3m): 3,043,320
Market Cap: 41.45M

[Gexe006]

BUY-IF


0.6100
+0.0400 +7.02%

Candlestick Analysis
Today’s Candlestick Patterns:
White Candlestick
Bullish Harami




Today a White Candlestick was formed. This represents normal buying pressure.
For more about this candlestick click here.

The last two candlesticks formed a Bullish Harami Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is low and it definitely requires confirmation.

[Gexe006]

Antwort auf Beitrag Nr.: 20.950.317 von Gexe006 am 26.03.06 12:41:07

BUY
CONFIRMED


0.6098
+0.0398 +6.98%

Candlestick Analysis
Today’s Candlestick Patterns:
White Closing Marubozu




Today a White Closing Marubozu was formed. This shows that the day opened and then prices went lower slightly, however it was followed by a rally that drove the prices over the opening price and the rally continued all day ending with a closing price equal to the high of the day.

[Gexe006]

Form 8-K for PRG SCHULTZ INTERNATIONAL INC


--------------------------------------------------------------------------------

3-Apr-2006

Entry into a Material Definitive Agreement, Termination of a Materi



Item 1.01 Entry into a Material Definitive Agreement.
New Director Compensation

See Item 5.02 below, the contents of which are incorporated by reference herein, for disclosure regarding the compensation of newly elected directors.

Amendment to Investor Rights Agreement

On March 28, 2006, the registrant entered into an amendment, effective March 30, 2006, to an Investor Rights Agreement among the registrant and certain affiliates of Berkshire Investors LLC and Blum Strategic Partners II, L.P. Pursuant to the amendment, the Berkshire affiliates have waived and relinquished all rights under the agreement, including their rights to designate a Board member and to have an observer present at Board meetings. Garth Greimann, an affiliate of Berkshire, served on the registrants Board of Directors until his resignation effective March 30, 2006. See Item 5.02 below, the contents of which are incorporated by reference herein, for a description of the Blum affiliates material relationships with the registrant.





Item 1.02 Termination of a Material Definitive Agreement.
Termination of Retainer Agreement Payments

On March 30, 2006, James McCurry, the Companys President and Chief Executive Officer, was elected Chairman of the Board, succeeding David Cole, who continues as a director. As a result, Mr. Cole will now be compensated in accordance with the registrants standard non-employee director compensation arrangements, which have been previously reported. Mr. Cole has no relationships with the Company other than as a director.





Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Reconstitution of Board

As required under the terms of the exchange offer for its outstanding 4.75% Senior Convertible Notes Due 2006 which was completed on March 17, 2006, the registrant has reconstituted its Board of Directors. See the press release dated March 31, 2006 filed as exhibit 99.1 hereto and incorporated by reference herein.

On March 30, 2006, Eugene I. Davis, Patrick G. Dills, N. Colin Lind, Philip J. Mazzilli, Jr., and Steven Rosenberg were appointed to the Companys Board of Directors. These new directors replace Gerald E. Daniels, Garth H. Greimann, Thomas S. Robertson and Jimmy M. Woodward, who resigned as directors of the Company effective March 30, 2006, and fill an additional existing vacant position on the board. Mr. McCurry and Mr. Cole will continue as directors. All non-employee directors will be compensated pursuant to the registrants previously reported standard compensation arrangements for non-employee directors. Committee assignments following the reconstitution are as follows:

Audit Committee: Mr. Mazzilli, Chairman, Mr. Davis and Mr. Dills.

Compensation Committee: Mr. Davis, Chairman, Mr. Cole and Mr. Dills.



--------------------------------------------------------------------------------
Nominating and Corporate Governance Committee: Mr. Cole, Chairman, Mr. Lind and Mr. Rosenberg.
The five new directors were chosen by the prior Board and the members of the Ad hoc Bondholders Committee formed in connection with the exchange offer, pursuant to an arrangement contained in a restructuring support agreement, as previously reported. Other than Mr. Lind, none of the new directors has any relationship with the registrant other than as a director.

Mr. Lind is a managing partner of Blum Capital Partners, L.P. (together with its affiliates, Blum). Mr. Lind was a director of the registrant from May 2002 to October 2005. As previously reported, Blum affiliates were holders of the Companys convertible notes due 2006 which they exchanged for new securities in the exchange offer. Mr. Lind represented Blum affiliates on the Ad hoc Bondholders Committee. Blum affiliates are lenders under the registrants current senior secured credit facility. Their participation in the loan is approximately $7 million. Blum affiliates were also lenders under the Companys prior $10 million bridge loan that was repaid on March 17, 2006. Their participation was approximately $6 million. In connection with the foregoing, Blum received the following:

Interest and commitment and origination fees of approximately $236,000 in 2005 related to the bridge loan and approximately $152,000 in interest related to the bridge loan in 2006; and

Blum is expected to receive interest under the senior secured credit facility of approximately $748,125 in 2006. In addition, the Ad hoc Bondholders Committee, of which Blum was a member, was reimbursed for legal and financial advisory fees of approximately $498,354 in 2005 and $2,043,083 in 2006. Blum affiliates are holders of $14,929,736 of the registrants 11% senior notes, $17,282,880 of the registrants10% senior convertible notes and 36,006 shares of the registrants convertible Series A preferred stock.

Section 9 Financial Statements and Exhibits.

Item 9.01(d) Exhibits.

Exhibit Number Description

99.1 Press Release dated March 31, 2006

[freshmeat]

Hallo zusammen, bin seit 0,39 $ zeiten investiert ;-),

schaut mal was heute für ein Filling heraus kam (www.otcbb.com Symbol PRGX) ... bin mir sicher, da ist was im Busch ....

Gruss Fresh

[Gexe006]

Antwort auf Beitrag Nr.: 21.147.305 von freshmeat am 10.04.06 17:09:20

wird Zeit für ne Meldung

und dann gen Norden, wäre

[alysant]

Antwort auf Beitrag Nr.: 21.194.989 von Gexe006 am 13.04.06 16:57:31

Hallo, ist hier jemand ?

Es kann nämlich täglich losgehen. Hier spielt bald die Musik !

[Gexe006]

Antwort auf Beitrag Nr.: 21.283.861 von alysant am 22.04.06 19:21:01

hab leider im Moment wenig Zeit um hier zu schreiben, bin aber drin und warte geduldig
vor dem anstehenden Delisting an der Nasdaq wird sicherlich versucht den Kurs über 1$ zu bringen.Und mit den entsprechenden News dürfte dieses auch nachhaltig zu schaffen sein.

Good Luck

[freshmeat]

komisch keiner da? ;-) News mit Q Filing is da und ist´s wert mal gelesen zu werden :-)
Gruss Fresh

[Gexe006]

Antwort auf Beitrag Nr.: 21.479.288 von freshmeat am 08.05.06 19:59:11

Na ja Einer ist auch noch da
Eigentlich kann die Party ja nun losgehn wäre
Und mit dabeisein ist auch

Ah so hier noch die Zahlen, die ich gar nicht so berauschend finde,
allerdings sehn die Amis das Anders

PRG-Schultz Posts Greater Q1 Loss
Monday May 8, 9:37 am ET
PRG-Schultz International Posts Higher Q1 Loss


ATLANTA (AP) -- Auditing company PRG-Schultz International Inc. said Monday reported its preliminary first-quarter loss more than doubled from last year, weighed by lower revenue and financial restructuring charges.
ADVERTISEMENT


For the quarter ended March 31, PRG-Schultz reported a net loss of $10.6 million, or 17 cents per share, versus a prior-year loss of $4.9 million, or 8 cents per share.

The quarter's loss included a $10.3 million charge for the exchange of the company's convertible notes, a non-cash $300,000 charge for stock options, and a $400,000 charge for severance and other charges from a previously disclosed operational restructuring.

Excluding those items, adjusted earnings before interest, taxes, depreciation and amortization totaled $6.6 million, versus $1.9 million in the year-ago quarter.

Revenue declined nearly 13 percent to $65.5 million from $75.1 million a year ago.

PRG-Schultz International shares rose 10 cents, or 18 percent, to 64 cents in early trading.

[freshmeat]

Die Finanzierung kann aus eigener Kraft bestritten werden und es steht nicht zu befürchten, dass diese die weiteren Ergebniss (Q-zahlen) negativ beeinflussen werden. Wichtige Botschaft des Q´s ist der Cash Flow ist positiv! Ich denke in zwei weiteren Quartalen sehen wir dann schon minimum eine schwarze Null unter der Bilanz.

Gruss Fresh / Alles nur meine Meinung, macht Euch bitte selbst ein Bild.

[Gexe006]

Antwort auf Beitrag Nr.: 21.482.562 von freshmeat am 08.05.06 23:49:33

Das hört sich doch gut an
Mein Englisch ist leider sehr schlecht , so das ich manchmal nur erahnen kann was die Meldung bedeutet

Viel Glück und steigende Kurse allen Investierten !!!

[Gexe006]

Tut sich nix bei PRGX

Schaun wir mal nächsten Monat wieder rein.

[Killerlausi]

Hallo, lebt hier noch jemand ?!

[Gexe006]

Antwort auf Beitrag Nr.: 22.187.902 von Killerlausi am 20.06.06 15:31:48

ne sind alle im Winterschlaf und warten auf den Weckruf.
Der hoffentlich dieses Jahr noch ertönt

[Zimbolette25plus]

Ich hätte eben doch nicht die hälfte, sondern alle bei 0,95 cent verkaufen sollen.

[Gexe006]

Antwort auf Beitrag Nr.: 22.262.883 von Zimbolette25plus am 25.06.06 12:19:45

da stimme ich Dir zu, hoffe Du hast mit der Hälfte wenigstens einen guten Gewinn gemacht

[Gexe006]

Der Abwärtstrend Kanal scheint nach oben durchbrochen zu sein, vieleicht geht noch mal runter damit wir einen Doppelten Boden errichten können, dann wirds aber langsam Zeit das ich mal etwas gegen Norden tut.

[Gexe006]

Zahlen Freunde

PRG-Schultz Announces Second Quarter 2006 Financial Results
Monday August 7, 5:05 pm ET


ATLANTA--(BUSINESS WIRE)--Aug. 7, 2006--PRG-Schultz International, Inc. (Nasdaq: PRGX - News), the world's largest recovery audit firm, today announced its unaudited financial results for second quarter ended June 30, 2006.
Highlights of Financial Results

Net loss for the 2006 second quarter was $3.6 million or ($.06) per basic and diluted share, including a loss on discontinued operations of $0.8 million, a non-cash charge of $0.3 million related to stock option compensation and a charge of $1.6 million for severance and other charges related to the previously announced operational restructuring. This compares to a net loss of $6.3 million, or ($.10) per basic and diluted share for the same period in 2005, which included earnings from discontinued operations of $0.3 million, a charge of $0.3 million related to the Company's evaluation of its strategic alternatives, a charge of $0.5 million for costs related to the Company's strategic cost reduction initiative, and accruals of $3.5 million for the retirement benefits of the Company's former Chairman and CEO, John Cook, and its former Vice Chairman, Jack Toma.
Adjusted EBITDA for the 2006 second quarter was $6.5 million compared to $3.0 million for the same period in 2005. The 2006 second quarter adjusted EBITDA is earnings from continuing operations before interest, taxes, depreciation and amortization (EBITDA) excluding a $0.3 million non-cash charge related to stock option compensation expense, and a $1.6 million charge for severance and other charges associated with the operational restructuring. Adjusted EBITDA for the second quarter of 2005 excludes the $3.5 million retirement accrual for Messrs. Cook and Toma. (Schedule 3 provides a reconciliation of net earnings (loss) to each of EBITDA and adjusted EBITDA.)
Consolidated revenue for the second quarter of 2006 was $65.3 million, a decline of 16.5% compared to $78.2 million for the same period in 2005. Cost of Revenue and SG&A expenses combined were $62.0 million for the second quarter, which were lower by $20.3 million, or 24.6%, compared to the same period in 2005.
Net loss for the first six months of 2006 was $13.9 million or ($.23) per basic and diluted share, including a non-cash charge of $10.1 million resulting from the Company's previously announced successful financial restructuring, a loss on discontinued operations of $0.7 million, a non-cash charge of $0.7 million related to stock option compensation and a charge of $2.0 million for severance and other charges related to the operational restructuring. This compares to a net loss of $11.2 million, or ($.18) per basic and diluted share for the same period in 2005, which included a loss on discontinued operations of $0.1 million, a charge of $0.5 million related to the Company's evaluation of its strategic alternatives, a charge of $0.5 million for costs relating to the Company's strategic cost reduction initiative, and accruals of $3.5 million for the retirement benefits of Mr. Cook and Mr. Toma.
Adjusted EBITDA for the first six months of 2006 was $13.1 million compared to $4.9 million in the first six months of 2005. Adjusted EBITDA for this period excludes a $0.7 million non-cash charge related to stock option compensation expense and a $2.0 million charge for severance and other charges associated with the operational restructuring. Adjusted EBITDA for the first half of 2005 excludes the $3.5 million retirement accrual for Messrs. Cook and Toma.
Consolidated revenue for the first six months of 2006 was $130.8 million, a decline of 14.7% as compared to $153.3 million for the first six months of 2005. Cost of Revenue and SG&A expenses combined were $124.1 million for the first half, which were lower by $35.3 million, or 22.1%, compared to the same period in 2005.
Cash generated from operations for the six months ended June 30, 2006 was $7.5 million compared to a usage of cash of $9.0 million for the same period in 2005, a year over year improvement of $16.5 million.
Liquidity

At June 30, 2006 the Company had cash and cash equivalents of $18.6 million and had no borrowings against its revolving credit facility. Debt outstanding at quarter end included a $25 million variable rate term loan due 2010, $0.5 million of 4.75% convertible notes due 2006, $51.6 million in principal amount of 11.0% Senior Notes Due 2011, and $59.8 in principal amount of 10.0% Senior Convertible Notes Due 2011. As of June 30, 2005, the Company had cash and cash equivalents of $12.2 million and $12.5 million of borrowings against its revolving credit facility. Debt outstanding at June 30, 2005 also included the $125 million in principal amount of 4.75% convertible notes due 2006.

"Our turnaround continued to gain momentum in the second quarter, our first full quarter after the successful restructuring of our balance sheet and the third consecutive quarter of positive operating EBITDA and cash flow," said James B. McCurry, chairman, president and chief executive officer. "We have a newly reconstituted board of directors and an entirely new senior management team in place, and we are aggressively attacking opportunities to continue the improvement of our financial performance by helping our clients improve their performance. We are especially excited by the promising early results shown by our audit of Medicare payments in California."

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. (PRG) is the world's leading recovery audit firm, providing 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.

Non-GAAP Financial Measures

EBITDA and adjusted EBITDA are both "non-GAAP financial measures" presented as supplemental measures of our performance. They are not required by, or presented in accordance with, accounting principles generally accepted in the United States, or GAAP. The Company believes these measures provide additional meaningful information in evaluating the Company's performance over time, and that the rating agencies and a number of lenders use EBITDA and similar measures for similar purposes. In addition, a number of restrictive covenants related to the Company's credit facilities use measures similar to adjusted EBITDA. However, EBITDA and adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under GAAP. In addition, in evaluating EBITDA and adjusted EBITDA, you should be aware that in the future we will incur expenses such as those used in calculating these measures. Our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Schedule 3 provides a reconciliation of net earnings (loss) to each of EBITDA and adjusted EBITDA.

Forward Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, in addition to historical information. Such statements include both implied and express statements regarding the Company's financial position and liquidity, the results of its Medicare payments audit in California and the ability to successfully complete the Company's operational turnaround (including plans to streamline the Company's organization). 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. If the Company is unable to successfully complete its operational restructuring and turnaround plans, the Company may be unable to pay its debts as they come due or continue funding its operations and may be forced to seek protection from its creditors. Other risks that could affect the Company's future performance include the Company's ability to retain personnel, Medicare audit revenues that do not meet expectations or justify costs incurred, changes in the market for the Company's services, 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 and the success of its restructuring plan, please see the Company's Form 10-K filed with the Securities and Exchange Commission on March 23, 2006. The Company disclaims any obligation or duty to update or modify these forward-looking statements.

SCHEDULE 1
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Amounts in thousands, except per share data)
(Unaudited)


Three Months Six Months
Ended June 30, Ended June 30,
------------------ ------------------
2006 2005 2006 2005
-------- -------- -------- --------

Revenues $ 65,308 $ 78,162 $130,846 $153,309
Cost of revenues 47,267 50,997 93,546 99,592
-------- -------- -------- --------
Gross margin 18,041 27,165 37,300 53,717

Selling, general and
administrative expenses 14,713 31,259 30,585 59,837
Operational restructuring
expense 1,580 - 1,988 -
-------- -------- -------- --------

Operating income (loss) 1,748 (4,094) 4,727 (6,120)

Interest expense, net (4,269) (2,061) (6,812) (3,871)
Loss on financial restructuring - - (10,129) -
-------- -------- -------- --------

Loss from continuing
operations before income
taxes and discontinued
operations (2,521) (6,155) (12,214) (9,991)

Income taxes 338 412 988 1,099
-------- -------- -------- --------

Loss from continuing
operations before
discontinued operations (2,859) (6,567) (13,202) (11,090)

Discontinued operations:
Earnings (loss) from
discontinued operations (786) 275 (737) (98)
-------- -------- -------- --------

Net loss $ (3,645) $ (6,292) $(13,939) $(11,188)
======== ======== ======== ========

Basic and diluted earnings
(loss) per common share:
Loss from continuing
operations before
discontinued operations $ (0.05) $ (0.10) $ (0.22) $ (0.18)
Discontinued operations (0.01) - (0.01) -
-------- -------- -------- --------
Net loss $ (0.06) $ (0.10) $ (0.23) $ (0.18)
======== ======== ======== ========


Weighted average common shares
outstanding:
Basic 63,879 61,997 62,996 61,987
======== ======== ======== ========
Diluted 63,879 61,997 62,996 61,987
======== ======== ======== ========


Certain reclassifications have been made to the 2005 amounts to
conform to the presentation in 2006.
These reclassifications include the reclassification of certain
business units as discontinued operations.

SCHEDULE 2
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Amounts in thousands)
(Unaudited)



June 30, December 31,
2006 2005
----------- -----------
ASSETS
Current assets:
Cash and cash equivalents $ 18,595 $ 11,848
Restricted cash 3,718 3,096
Receivables:
Contract receivables 43,663 53,199
Employee advances and miscellaneous
receivables 2,050 2,737
----------- -----------
Total receivables 45,713 55,936

Funds held for client obligations 43,836 32,479
Prepaid expenses and other current assets 3,486 3,180
----------- -----------
Total current assets 115,348 106,539

Property and equipment 13,220 17,453
Goodwill 4,600 4,600
Intangible assets 23,754 24,447
Other assets 13,945 9,023
----------- -----------
$ 170,867 $ 162,062
=========== ===========


LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Convertible notes $ 468 $ 466
Current portion of other debt obligations 250 -
Obligation for client payables 43,836 32,479
Accounts payable and accrued expenses 32,273 34,103
Accrued payroll and related expenses 38,097 44,031
Deferred revenue 4,542 4,583
----------- -----------
Total current liabilities 119,466 115,662

Convertible notes - 123,601
Senior notes 43,316 -
Senior convertible notes 64,871 -
Other debt obligations 24,750 16,800
Deferred compensation 841 1,388
Other long-term liabilities 6,726 6,976
----------- -----------
Total liabilities 259,970 264,427
----------- -----------

Mandatorily redeemable participating preferred
stock 14,460 -

Shareholders' equity (deficit):
Common stock 71 68
Additional paid-in capital 506,567 494,826
Accumulated deficit (564,658) (550,719)
Accumulated other comprehensive income 3,167 2,400
Treasury stock, at cost (48,710) (48,710)
Unamortized portion of stock compensation
expense - (230)
----------- -----------
Total shareholders' equity (deficit) (103,563) (102,365)
----------- -----------

$ 170,867 $ 162,062
=========== ===========

SCHEDULE 3
PRG-Schultz International, Inc. and Subsidiaries
Reconciliation of Net Earnings (Loss) to Adjusted EBITDA
(Amounts in thousands)
(Unaudited)


Three Months Six Months
Ended June 30, Ended June 30,
------------------- -------------------
2006 2005 2006 2005
--------- --------- --------- ---------
Reconciliation of net loss to
adjusted EBITDA:
-------------------------------

Net earnings (loss) $ (3,645) $ (6,292) $(13,939) $(11,188)

Adjust for:
Earnings (loss) from
discontinued operations (786) 275 (737) (98)
-------- -------- -------- --------

Loss from continuing
operations (2,859) (6,567) (13,202) (11,090)

Adjust for:
Income taxes 338 412 988 1,099
Interest 4,269 2,061 6,812 3,871
Loss on financial
restructuring - - 10,129 -
Depreciation and amortization 2,868 3,579 5,724 7,516
-------- -------- -------- --------

EBITDA 4,616 (515) 10,451 1,396
-------- -------- -------- --------

Messrs. Cook & Toma
retirement/severance - 3,529 - 3,529
Operational restructuring
expense 1,580 - 1,988 -
Non-cash FAS 123R
compensation 340 - 680 -
-------- -------- -------- --------

Adjusted EBITDA $ 6,536 $ 3,014 $ 13,119 $ 4,925
======== ======== ======== ========





EBITDA and adjusted EBITDA are both "non-GAAP financial measures"
presented as supplemental measures of our performance. They are not
required by, or presented in accordance with, accounting principles
generally accepted in the United States, or GAAP. The company
believes these measures provide additional meaningful information in
evaluating the company's performance over time, and that the rating
agencies and a number of lenders use EBITDA and similar measures for
similar purposes. In addition, a number of restrictive covenants
related to the company's credit facilities use measures similar to
EBITDA. However, EBITDA and adjusted EBITDA have limitations as
analytical tools, and you should not consider them in isolation, or
as substitutes for analysis of our results as reported under GAAP. In
addition, in evaluating EBITDA and adjusted EBITDA, you should be
aware that in the future we will incur expenses such as those used in
calculating these measures. Our presentation of these measures should
not be construed as an inference that our future results will be
unaffected by unusual or nonrecurring items.



Contact:
PRG-Schultz International, Inc.
Peter Limeri, 770-779-6464

[Gexe006]

Antwort auf Beitrag Nr.: 23.348.268 von Gexe006 am 08.08.06 03:12:50

und nachbörslich hat sich auch schon ein wenig getan

19:59:28.987 B 1,400 0.5300
19:59:28.987 B 525 0.5300
19:52:30.421 B 100 0.5300
18:56:46.543 B 600 0.5100
18:13:33.714 B 100 0.5100
15:59:43.542 S 60 0.4200
15:59:35.940 B 100 0.4284
15:58:24.478 S 1,800 0.4200
15:58:24.248 S 2,400 0.4201
15:58:24.015 S 2,600 0.4201
15:58:24.015 S 1,000 0.4210

[Gexe006]

und dann gings abwärts

[Gexe006]

nun auch noch ein 10:1 Split

PRG Schultz Approves Reverse Split
Friday August 11, 11:55 am ET
PRG Schultz International Splitting Stick 1-For-10 to Meet Nasdaq Listing Standards


ATLANTA (AP) -- Recovery audit firm PRG-Schultz International Inc. said Friday it will conduct a 1-for-10 reverse stock split to boost the value of its stock and meet Nasdaq listing requirements.
The move comes as the company faces delisting from the Nasdaq because its stock has been trading below the minimum $1 bid price. Shareholders approved the measure at the company's annual meeting Friday.

ADVERTISEMENT


The number of common shares outstanding will be reduced to about 6.5 million from around 65.1 million, effective Aug. 14. Starting then, the company's stock will trade under the symbol "PRGXD" for 20 trading days to designate its post-reverse split status. It will revert to its current "PRGX" symbol after that.

PRG Schultz is awaiting the final ruling from Nasdaq on its listing status.

The split also effects the company's Series A Preferred Stock, moving the conversion price to $2.8405 and the conversion price for 10 percent Senior Convertible Notes due 2011 to $6.50.

PRG-Shultz traded unchanged at 33 cents in morning trading on the Nasdaq

[kirroyal]

Antwort auf Beitrag Nr.: 23.439.686 von Gexe006 am 14.08.06 15:53:45

Hallo Gexe,

bis jetzt scheint der Split nicht zu schaden.

Hoffe es geht weiter nach oben.

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 23.441.773 von kirroyal am 14.08.06 18:03:36

Hi Kirroyal,
doch noch einer ausser mir der hier investiert ist
Anfangs sah es aus als würde PRG weiter abschmieren, hat sich aber gut gefangen, hoffen wir nun auf die nächsten Quartalszahlen.

[MAW2905]

Hallo zusammen,


kann mir einer helfen ???

Ich habe leider noch nicht soviel Ahnung...........

Warum gibt es keinen aktuellen Kurs mehr ?

Was muß ich machen ?

Ich kann auch nicht mehr online handeln.........

Es währe sehr nett, wenn mir jemand helfen könnte.

Gruß

Martin Winterberg

[Gexe006]

Antwort auf Beitrag Nr.: 23.485.517 von MAW2905 am 17.08.06 17:54:25

Hallo MAW
die Aktien von PGRX werden 10:1 gesplittet, das heißt wenn Du jetzt 1000 Stück hast sind nach dem Split nur noch 100 Stück, was allerdings nicht unbedingt heißt das diese dann weniger Wert sind.

Ab 14.August für 20 Tage werden die gesplitteten Aktien in Amerika unter dem Kürzel PRGXD gehandelt und wenn die 20 Tage um sind laufen sie wieder unter dem vorherigen Kürzel PGRX.

Auch wenn ich mir nicht ganz sicher bin, denke ich das es für den Zeitraum von diesen 20 Tagen in Deutschland keinen Handel gibt.

[Gexe006]

Form 8-K for PRG SCHULTZ INTERNATIONAL INC


--------------------------------------------------------------------------------

17-Aug-2006

Entry into a Material Definitive Agreement, Unregistered Sale of Eq



Item 1.01 Entry into a Material Definitive Agreement.
On August 11, 2006, the shareholders of PRG-Schultz International, Inc. (the "Company") approved the issuance of shares of common stock under the Company's 2006 Management Incentive Plan (the "2006 MIP") up to a maximum of 21 million shares of common stock (2.1 million shares of common stock following the Company's reverse stock split which became effective at 8:00 a.m. Eastern Time on August 14, 2006). The terms of the 2006 MIP are more particularly described in the Company's proxy statement filed July 5, 2006 and are incorporated herein by reference.





Item 3.02 Unregistered Sales of Equity Securities.
On August 15, 2006, a holder of the Company's 9.0% Senior Series A Convertible Participating Preferred Stock (the "Series A Preferred Stock") converted a total of 3,000 shares of the Series A Preferred into an aggregate of 126,738 shares of the Company's common stock. The Series A Preferred Stock was converted at the current conversion ratio under the terms of the Series A Preferred Stock, which is approximately 42.246083 shares of common stock per one share ($120 liquidation preference) of Series A Preferred No fractional shares were issued.

The issuance of shares of common stock pursuant to the above conversion consists of an exchange of securities solely with a holder of the Company's Series A Preferred Stock, and is accordingly exempt from registration under Section 3(a)(9) of the Securities Act of 1933, as amended. No commission or other remuneration was paid or given directly or indirectly for soliciting such an exchange.





Item 3.03 Material Modification to Rights of Security Holders.
On August 11, 2006, the shareholders of the Company approved a number of amendments to the Company's articles of incorporation, including an amendment to effect a 1-for-10 reverse stock split, as described in the Company's press release filed as Exhibit 99.1 to this Form 8-K. Set forth below is a summary of each of the amendments:

1. The first paragraph of Article 2 of the articles of incorporation was amended to provide that the total number of authorized shares of capital stock would be 51 million, of which 50 million shall be designated as common stock, and 1 million designated as preferred. Prior to the amendment, the articles provided for a total number of authorized shares of capital stock of 201 million (without giving effect to the reverse stock split), including 200 million common shares and 1 million shares of preferred. The amendment reflects a decrease in accordance with the Company's reverse stock split, plus an upward adjustment to allow for, among other things, the exercise of outstanding convertible securities.

2. Article 2 was also amended so as to provide for a 1-for-10 reverse stock split of the Company's common stock which was effective at 8:00 a.m. Eastern Time on August 14, 2006. The company's common stock will trade under the symbol "PRGXD" for the first 20 trading days following effectiveness. Shares authorized for issuance were also proportionately reduced.

3. Section 5.1(a) was amended to increase the number of shares of the Company's 10.0% Senior Series B Convertible Participating Preferred Stock (the "Series B Preferred Stock") authorized for issuance from 125,000 shares to 264,000 shares. However, because the currently outstanding 10% Senior Convertible Notes due 2011 (the "10% Convertible Notes") became convertible into common stock only as of August 15, 2006 (see Item 7.01 below), the Company does not presently anticipate the issuance of any shares of Series B Preferred Stock.



--------------------------------------------------------------------------------

4. Sections 4.4(e) and 5.4(e) were each amended to provide that no adjustment will be made to the conversion price of any shares of Series B Preferred Stock or the Company's 9.0% Senior Series A Convertible Participating Preferred Stock (the "Series A Preferred Stock"), or to the number of shares issuable upon such conversion, due to any conversion of the 10% Convertible Notes, Series A Preferred Stock or Series B Preferred Stock, or the exercise of any stock option. Previously, these sections provided for adjustments commensurate with those provided under the 2006 MIP.
5. Sections 4.6 and 5.6 were each amended to provide that holders of Series A and Series B Preferred Stock are not entitled to vote as a separate group on amendments, modifications or repeals of the Company's Bylaws unless the amendment, modification or repeal in question affect the terms of the preferred stock in a way which materially adversely affects the powers, preferences or rights of the holders thereof. The text previously suggested that such preferred holders were entitled to vote as a separate group on every amendment to the Company's Bylaws.

A copy of the Company's articles of incorporation as amended and restated solely for the purposes of SEC reporting is filed as Exhibit 3.1 to this Form 8-K and incorporated herein by reference.





Item 7.01 Regulation FD Disclosure.
On August 15, 2006, the U.S. Securities and Exchange Commission declared effective the Company's registration statement covering the resale by certain selling securityholders named therein of the Company's 11% Senior Notes, the 10% Convertible Notes, the Series A Preferred Stock, and the common stock into which the 10% Convertible Notes and the Series A Preferred Stock are convertible. Accordingly, the 10% Convertible Notes became convertible on August 15, 2006 into common stock only, at a conversion rate of $6.50 per share of common stock, applied against the liquidation preference of the 10% Convertible Notes, and the Company does not presently expect that any Series B Preferred will be issued.





Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

3.1 PRG-Schultz International, Inc. Amended and Restated Articles of Incorporation, as amended through August 11, 2006 (restated solely for the purposes of filing with the Securities and Exchange Commission)

[MAW2905]

Antwort auf Beitrag Nr.: 23.488.815 von Gexe006 am 17.08.06 21:56:14

Hallo GEXE,


vielen Dank !


Gruß Martin

[Gexe006]

Antwort auf Beitrag Nr.: 23.490.861 von MAW2905 am 18.08.06 08:52:25

Dachte mir schon das der Kurs nach dem ReSplit bröckelt, mal sehn wie weits noch runter geht

[Gexe006]

PRG-Schultz Can Keep Nasdaq Listing
Tuesday September 5, 9:54 am ET
Nasdaq Tells PRG-Schultz It Can Continue Listing Shares on Stock Exchange


ATLANTA (AP) -- Recovery audit firm PRG-Schultz International Inc. said Tuesday the Nasdaq will allow the company to continue listing its shares on the exchange.
The Nasdaq Listing Qualifications Panel determined PRG-Schultz is in compliance with the Nasdaq's rules, the company said. The Nasdaq told the company in June it faced delisting because PRG-Schultz's stock traded below the $1 per share minimum. Shareholders last month approved a 1-for-10 reverse stock split to reduce the company's shares outstanding and boost the stock price above the $1 minimum.

[kirroyal]

Antwort auf Beitrag Nr.: 23.782.373 von Gexe006 am 06.09.06 05:09:14

Hallo,

Danke für die Info.

Konntest du nicht schlafen , oder stehst du immer schon so früh auf ?

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 23.793.017 von kirroyal am 06.09.06 17:09:24

wenn man zur Frühschicht um 7:00Uhr noch knapp 200km fahren muß, bleibt einem sonst nix übrig
Da ich nicht gern früh aufstehe hab ich lieber Nachtschichten
Ob sich diese Investition noch irgendwann bezahlt macht

Gruß Gexe

[Gexe006]

[audio] PRG-Schultz International, Inc. Announces Date for C…
Die Telefonkonferenz scheint ja ganz gut gelaufen zu sein

3.28
Trade Time: 3:25PM ET
Change: +0.27 (+8.97%)
Prev Close: 3.01
Open: 3.05
Bid: 3.25 x 200
Ask: 3.28 x 200

[kirroyal]

Antwort auf Beitrag Nr.: 23.815.195 von Gexe006 am 07.09.06 21:44:15

Hallo Gexe,

hoffentlich geht es auch so positiv weiter.
Zu meinem EK fehlen noch einige Euros !

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 23.821.261 von kirroyal am 08.09.06 11:48:45

Hi kirroyal,

mir gehts nicht anders, sollte eigentlich ein Kurzinvest werden. Nun scheints ein langes zu werden,verkaufen mag ich jetzt auch nicht mehr.
Hoffen wir mal auf die Zukunft

Gruß
Gexe

[Gexe006]

WNS Furthers Leadership Position in Travel-Sector BPO
Thursday September 7, 4:30 pm ET
Expands Capabilities Through a Strategic Acquisition
Also Announces New Travel Client Win


MUMBAI, India & NEW YORK--(BUSINESS WIRE)--Sept. 7, 2006--WNS (Holdings) Limited (NYSE: WNS - News), the parent company of WNS Global Services, a leading offshore business process outsourcing (BPO) provider, today announced it has enhanced its strong position in the travel services sector with a strategic acquisition and a new client relationship.
ADVERTISEMENT


"With a travel services sector client base now including 30 leading airlines, travel agencies and industry partners, WNS is a leader in providing BPO solutions to the travel industry," stated Anup Gupta, Chief Executive Officer, WNS Travel Services. "This strategic acquisition, as well as our new client partnership with a leading North American airline, further strengthens this position."

WNS provides the travel industry with more than 120 services including sales and reservations, customer service, finance and accounting, travel operations, revenue management and fare filing.

Acquisition of PRG Airline Services *

WNS has completed the acquisition of business assets of PRG Airline Services Ltd., previously the Airline Revenue Recovery Division of PRG-Schultz International, Inc. (NASDAQ: PRGX - News) the world's leading recovery audit firm. This acquisition expands WNS' revenue accounting and recovery services through a state-of-the-art software platform, Verifare, which minimizes revenue leakage through a comprehensive audit of airline fare, sales and usage data.

With this acquisition, 13 senior travel industry and technology specialists from PRG Airline Services have joined WNS. Among them is Managing Director Michelle Scarsbrook, who prior to establishing the airline division at PRG-Schultz was responsible for revenue audit operations for British Airways. The team operates from offices in Salt Lake City, Utah, and London and will be supported by experienced associates in WNS' India-based delivery centers.

"We are very pleased to be joining the WNS team," said Ms. Scarsbrook. "WNS is a leading BPO provider in this sector, with an extensive service offering and enviable client list. We look forward to helping the company further strengthen its leadership position."

Mr. Gupta added, "WNS constantly seeks opportunities to enhance the services we provide. This acquisition furthers our strategy to provide integrated technology platform based BPO services to our clients. We believe these additional services will provide significant opportunities to deepen existing partnerships and build new ones."

New Client Win: Leading North American Airline**

Separately, WNS announced a multi-year contract with a leading North American airline to provide revenue accounting and audit services. The scope for revenue accounting services was further expanded by the airline to include revenue recovery and audit solutions following WNS' acquisition of PRG Airline Services.

"The customer followed a very rigorous process to evaluate many top-tier global players, and selected WNS based on its domain knowledge, delivery track record and management team," said Anish Nanavaty, Executive Vice President, WNS North America. "We are very excited about this relationship and it will enable us to strengthen our position in the North American market."

* This acquisition is not expected to have a material impact on the financial results of the company for fiscal year 2007.

**One of the new client wins discussed on the Q1 Earnings Call held on August 21, 2006.

About WNS

WNS is a leading provider of offshore business process outsourcing, or BPO, services. We provide comprehensive data, voice and analytical services that are underpinned by our expertise in our target industry sectors. We transfer the execution of the business processes of our clients, which are typically companies located in Europe and North America, to our delivery centers located primarily in India. We provide high quality execution of client processes, monitor these processes against multiple performance metrics, and seek to improve them on an ongoing basis.

Our ADSs are listed on the New York Stock Exchange. For more information, please visit our website at www.wnsgs.com

Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those that may be projected by these forward looking statements. These risks and uncertainties include but are not limited to our dependence on a limited number of clients in a limited number of industries, our ability to attract and retain clients, our ability to expand our business or effectively manage growth, as well as other risks detailed in our reports filed with the U.S. Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward -looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. You are cautioned not to place undue reliance on these forward-looking statements, which reflect management's current analysis of future events. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[Gexe006]

wenn's so weiter geht, hat bestimmt Keiner was dagegen

Last Trade: 3.58
Trade Time: 11:48AM ET
Change: 0.33 (10.15%)

[Gexe006]

um weiter zu machen
RT :
Detailed Quote Snapshot 09/11/2006 12:08 PM
Last:
3.74 PRGXD -
Change:
+0.29 % Change:
+8.41% High:3.74 Low:3.48 Volume:36,014

[kirroyal]

Antwort auf Beitrag Nr.: 23.877.681 von Gexe006 am 11.09.06 18:09:33

Hallo Gexe,

ich hoffe es geht weiter nach oben, habe nichts dagegen.
Fehlen ja immer noch einige Euros zum EK.
Gab es News ?

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 23.878.003 von kirroyal am 11.09.06 18:30:06

Hi kirroyal,
nur die News vom 07.09.
Es geht aber weiter
Last Trade: 4.1529
Trade Time: 12:22PM ET
Change: 0.9029 (27.78%)

Noch ca.50% zu meinem Einstand

[Gexe006]

Antwort auf Beitrag Nr.: 23.878.146 von Gexe006 am 11.09.06 18:39:22

Mittlerweile schon bei einem Bid von 4,24$ bei Arca
uups sind schon weg
bid nun 4,13 / ask 4,26

[Gexe006]

Da kann man sich nicht meckern
Last Trade: 4.44
Trade Time: 3:59PM ET
Change: 1.19 (36.62%)
Prev Close: 3.25
Open: 3.45
Bid: 3.60 x 1500
Ask: 4.55 x 400

Bin mal gespannt, wann Gwinnmitnahmen einsetzen

[Gexe006]

und noch immer keine Gewinmitnahmen
Mittlerweile bei 5$
Und die Aktien werden in Amerika nun wieder mit dem alten Kürzel gehandelt PRGX

[kirroyal]

Antwort auf Beitrag Nr.: 23.894.838 von Gexe006 am 12.09.06 17:40:44

Hallo,

dachte schon es wäre heute kein Handel.
Aber 5 $ hört sich gut an.

Viele Grüße

[kirroyal]

Antwort auf Beitrag Nr.: 23.895.298 von kirroyal am 12.09.06 18:06:45

Heute wieder enormer Kursanstieg.
Bin wirklich gespannt wie es weiter geht.
Gewinnmitnahmen müssten jetzt eigentlich einmal einsetzen.

[Gexe006]

Schlußkurs

3:59PM ET 5.0799 +0.6399 14.41%

[Gexe006]

After Hours: 5.36 0.02 (0.37%)

Last Trade: 5.38
Trade Time: 3:59PM ET
Change: 0.30 (5.91%)
Prev Close: 5.08
Open: 5.10
Bid: 4.84 x 200
Ask: 5.72 x 300

[kirroyal]

Antwort auf Beitrag Nr.: 23.924.656 von Gexe006 am 14.09.06 05:18:58

Hallo Gexe,

bis jetzt noch keine Gewinnmitnahmen und auch wieder Handel in Deutschland.

Viele Grüße

[Gexe006]

Hi kirroyal,
nähere mich mit Riesenschritten meinem Einstandskurs
noch knapp 10%, werd aber wohl noch ein Weilchen dabei bleiben.
Mal sehn vielleicht sollte ich mal nen Stopp-Loss setzen
Ich hoffe bei Dir ist der Tag zum Einstandskurs auch nicht mehr fern

Last Trade: 5.56
Trade Time: 2:52PM ET
Change: 0.18 (3.35%)
Prev Close: 5.38
Open: 5.32
Bid: 5.55 x 100
Ask: 5.56 x 1000

naja jetzt nur noch 5,50§

[kirroyal]

Antwort auf Beitrag Nr.: 23.938.975 von Gexe006 am 14.09.06 21:11:57

Hallo Gexe,

mir fehlen noch ein paar Euros, aber wenn es soweiter geht, komme auch ich meinem Ziel näher.
Im Moment bei über 6 $.

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 23.939.595 von kirroyal am 14.09.06 21:43:59

Dann hab ich schon mal gute Nachrichten für Dich

After Hours: 6.01 0.11 (1.86%)

Last Trade: 5.90
Trade Time: 3:59PM ET
Change: 0.52 (9.67%)
Prev Close: 5.38
Open: 5.32
Bid: 5.87 x 2200
Ask: 6.02 x 5000

Nachbörslich sind die 6$ schon mal gefallen

[Gexe006]

Antwort auf Beitrag Nr.: 23.940.371 von Gexe006 am 14.09.06 22:18:52

P.S. Tageshoch 6,16$

[Gexe006]

Antwort auf Beitrag Nr.: 23.940.399 von Gexe006 am 14.09.06 22:20:42

Bisher keine großen Gewinnmitnahmen
Kurs hält sich im Moment stabil zwischen 5,50 - 6$
Schluß heute 5,97$

[kirroyal]

Antwort auf Beitrag Nr.: 24.072.808 von Gexe006 am 20.09.06 22:37:41

Guten Morgen,

hält sich immer noch sehr gut.

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 24.093.312 von kirroyal am 21.09.06 22:54:55

Hi kirroyal,

würde sagen hatte sich gut gehalten, hoffen wir das wir nicht wieder landen wo wir herkamen

[Gexe006]

5-Oct-2006

Entry into a Material Definitive Agreement, Termination of a Materi



Item 1.01 Entry into a Material Definitive Agreement
On September 29, 2006, PRG-Schultz International, Inc. (the "Company") entered into an Option Termination Agreement (the "Agreement") with its President, Chief Executive Officer and Chairman of the Board, James B. McCurry. Under the Agreement, Mr. McCurry voluntarily surrendered for cancellation his option to purchase 200,000 shares of Company common stock, after giving effect to the Company's 1-for-10 reverse stock split effected on August 14, 2006, which option was granted on July 29, 2005, as part of his initial employment package.

The cancellation of the referenced stock option will accelerate share-based compensation expense that otherwise would be recorded in future periods under Statement of Financial Accounting Standards ("SFAS") No. 123(R). The Company estimates that this action will result in an aggregate acceleration of approximately $1.7 million in the Company's share-based compensation expense, which would have been amortized over the relevant vesting periods of the option.

The transaction has the effect of returning 200,000 shares to the Company's unrestricted reserve of common stock, which shares may be used for general corporate purposes. Mr. McCurry voluntarily offered the option to the Company for cancellation and did not request or receive any payment from the Company in connection with the cancellation.

The material terms of the cancelled option were disclosed in the Company's Form 8-K which was filed with the U.S. Securities and Exchange Commission on July 25, 2005, the contents of which are incorporated herein by reference. The cancelled option had an exercise price of $31.60 per share. The vesting of the time-vesting tranche of the option (50,000 shares) was subsequently accelerated in anticipation of the Company's adoption of SFAS No. 123(R). The remaining tranches of the option (150,000 shares) would have vested only upon the achievement (and maintenance for 45 consecutive trading days) of closing market prices of the Company's common stock ranging from $45 to $80 per share.

The description above is qualified in its entirety by reference to the full text of the Agreement. A copy of the Agreement is incorporated herein by reference and attached hereto as Exhibit 10.1.

Mr. McCurry has no material relationships with the Company or any of its affiliates, other than as a holder of Company's securities and a director and officer of the Company, and as previously disclosed in the Company's periodic reports on file with the U.S. Securities and Exchange Commission.





Item 1.02 Termination of a Material Definitive Agreement.
See Item 1.01 above regarding the cancellation of Mr. McCurry's stock option, the contents of which are incorporated hereunder by reference.





Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

10.1 Option Termination Agreement with James B. McCurry dated September 29, 2006.

[Gexe006]

Nach der Konsolidierung gehts heute drüben wieder ganz schön up

[kirroyal]

Antwort auf Beitrag Nr.: 24.663.770 von Gexe006 am 16.10.06 18:39:51

Hallo,

sieht sehr gut heute aus. Gibt es News ?

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 24.664.068 von kirroyal am 16.10.06 18:51:12

Nein, in ca. 2 Wochen sollen Zahlen kommen
Und wie es aussieht bekommen die Shorties heut kräftig einen auf den Deckel

[kirroyal]

Antwort auf Beitrag Nr.: 24.664.443 von Gexe006 am 16.10.06 19:07:07

Hallo Gexe,

hält sich immer noch sehr gut !
Sollten nicht jetzt mal Zahlen kommen ?

Gute Nacht !

[Gexe006]

Antwort auf Beitrag Nr.: 25.052.184 von kirroyal am 31.10.06 23:35:36

Hallo kirroyal,

hab im Yahoo Board was gelesen vom 31.10 und 10.11 also werden die Zahlen irgendwann demnächst kommen,kann's aber nicht beschwören.
Bis dahin sollte der Kurs noch etwas steigen.

Schlaf Gut

[Gexe006]

Antwort auf Beitrag Nr.: 25.052.184 von kirroyal am 31.10.06 23:35:36

Nun ist es raus, am 07.11 kommen die Zahlen

PRG-Schultz International, Inc. to Hold Third Quarter 2006 Financial Results Call on November 7
Thursday November 2, 2:20 pm ET


ATLANTA--(BUSINESS WIRE)--PRG-Schultz International, Inc. (NASDAQ: PRGX - News), the world's largest recovery audit firm, today announced that the Company will release third quarter 2006 financial results on Tuesday, November 7, 2006, before the market opens. Management will hold a conference call at 10:00 AM (EST) on November 7 to discuss those results.
ADVERTISEMENT


To access the conference call, listeners in the U.S. and Canada should dial [phone] at least 5 minutes prior to the start of the conference. Listeners outside the U.S. and Canada should dial 617-597-5376. To be admitted to the call, listeners should use passcode 97385952. A replay of the call will be available one hour after the conclusion of the live call, extending through November 21, 2006. To directly access the replay, dial [phone] (U.S. and Canada) or 617-801-6888 (outside the U.S. and Canada). The passcode for the replay is 34136568.

This teleconference will also be audiocast on the Internet at www.prgx.com (click on "(NASDAQ: PRGX - News)" under "Investor Relations"). A replay of the audiocast will be available at the same location on www.prgx.com beginning one hour after the conclusion of the live audiocast, extending through November 21, 2006. Please note that the Internet audiocast is "listen-only." Microsoft Windows Media Player is required to access the live audiocast and the replay and can be downloaded from www.microsoft.com/windows/mediaplayer.

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing clients throughout the world with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client purchases and payment information to identify and recover overpayments.



Contact:
PRG-Schultz International, Inc.
Peter Limeri, 770-779-6464

--------------------------------------------------------------------------------
Source: PRG-Schultz International, Inc.

[kirroyal]

Antwort auf Beitrag Nr.: 25.089.680 von Gexe006 am 02.11.06 20:45:33

Danke !

[Gexe006]

PRG-Schultz International, Inc. Earnings Conference Call (Q3 2006)
Scheduled to start Tue, Nov 7, 2006, 10:00 am Eastern

[Gexe006]

PRG-Schultz Announces Third Quarter 2006 Financial Results
Tuesday November 7, 6:00 am ET


ATLANTA--(BUSINESS WIRE)--PRG-Schultz International, Inc. (Nasdaq: PRGX - News), the world's largest recovery audit firm, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2006.
Highlights of Financial Results

Net loss for the 2006 third quarter was $4.2 million or ($.69) per basic and diluted share, including a loss on discontinued operations of $0.2 million, a charge of $2.0 million related to grants under the recently adopted management incentive plan for the Company's senior executives, a charge of $1.7 million associated with the voluntary surrender and cancellation of stock options by the Company's chief executive officer, $0.4 million of other stock-based compensation charges, and a charge of $0.2 million for severance related to the Company's operational restructuring which began in the third quarter of 2005. This compares to a net loss of $20.8 million, or ($3.35) per basic and diluted share for the same period in 2005, which included a loss from discontinued operations of $1.1 million, and a charge of $7.9 million for severance and other charges related to the previously mentioned operational restructuring.
Adjusted EBITDA for the 2006 third quarter was $8.7 million compared to a negative adjusted EBITDA of ($5.4 million) for the same period in 2005. The 2006 third quarter adjusted EBITDA is earnings (loss) from continuing operations before interest, taxes, depreciation and amortization (EBITDA) excluding the $1.7 million charge related to the cancellation of the CEO's options, the $2.4 million of charges related to other stock-based compensation, and the $0.2 million charge for severance associated with the operational restructuring. The negative adjusted EBITDA for the third quarter of 2005 is EBITDA for the period excluding the $7.9 million operational restructuring charge and $0.1 million of stock-based compensation charges. (Schedule 3 attached to this press release provides a reconciliation of net earnings (loss) to each of EBITDA and adjusted EBITDA.)
Consolidated revenue for the third quarter of 2006 was $64.7 million, a decline of 2.6% compared to $66.4 million for the same period in 2005. Cost of Revenue and SG&A expenses combined were $62.7 million for the third quarter, a decrease of $12.7 million, or 16.8%, compared to the same period in 2005.
Net loss for the first nine months of 2006 was $18.2 million or ($2.95) per basic and diluted share, including a non-cash charge of $10 million resulting from the Company's financial restructuring which was completed in March of this year, a loss on discontinued operations of $0.9 million, a charge of $1.7 million related to the cancellation of stock options, charges of $3.1 million related to other stock-based compensation, and a charge of $2.1 million for severance and other charges related to the operational restructuring. This compares to a net loss of $32.0 million, or ($5.16) per basic and diluted share for the same period in 2005, which included a loss on discontinued operations of $1.2 million, the $7.9 million charge related to the operational restructuring, $0.3 million of stock-based compensation charges, and accruals of $3.5 million for the retirement benefits of the Company's former chairman and CEO, John Cook, and its former vice chairman, Jack Toma.
Adjusted EBITDA for the first nine months of 2006 was $21.8 million compared to negative adjusted EBITDA of ($0.3 million) in the first nine months of 2005. Adjusted EBITDA for the 2006 nine-month period excludes a $1.7 million charge related to the cancellation of stock options, $3.1 million of charges related to other stock-based compensation, and a $2.1 million charge for severance and other charges associated with the operational restructuring. The negative adjusted EBITDA for the first nine months of 2005 is EBITDA for the period excluding the $3.5 million retirement accrual for Messrs. Cook and Toma, the $7.9 million operational restructuring charge, and $0.3 million of stock-based compensation charges.
Consolidated revenue for the first nine months of 2006 was $195.6 million, a decline of 11.0% compared to $219.7 million for the first nine months of 2005. Cost of Revenue and SG&A expenses combined were $186.9 million for the 2006 nine-month period, a decrease of $48.0 million, or 20.4%, compared to the same period in 2005.
Liquidity

At September 30, 2006 the Company had cash and cash equivalents of $18.8 million and had no borrowings against its revolving credit facility. Debt outstanding at period end included a $25 million variable rate term loan due 2010, $0.9 million of 4.75% convertible notes due in November 2006, $51.5 million in principal amount of 11.0% Senior Notes Due 2011, and $62.5 million in principal amount of 10.0% Senior Convertible Notes Due 2011. Included in the $62.5 million in principal amount of 10.0% Senior Convertible Notes outstanding at September 30, 2006 is $2.9 million in additional principal amount resulting from the Company's third quarter payment in kind of interest due under the notes. In addition, at September 30, 2006, the Company had 9.0% Series A preferred stock outstanding with an aggregate liquidation preference of $14.3 million, which is mandatorily redeemable in 2011. At September 30, 2005, the Company had cash and cash equivalents of $10.0 million and $12.4 million of borrowings against its revolving credit facility. Debt outstanding at September 30, 2005 also included $125 million in principal amount of 4.75% convertible notes due November 2006.

"The turnaround initiated a year ago, including our major restructuring of costs and expenses, continues to drive significant improvement in both our operating performance and our financial strength," said James B. McCurry, chairman, president and CEO. "Our strategy of focusing on our most important clients is beginning to pay off, and we remain optimistic that our audit of Medicare payments in California will make an important contribution to our future earnings."

Third Quarter Earnings Call

As previously announced, management will hold a conference call at 10:00 AM (EST) today to discuss its third quarter and year to date financial results.

To access the conference call, listeners in the U.S. and Canada should dial [phone] at least 5-10 minutes prior to the start of the conference. Listeners outside the U.S. and Canada should dial 617-597-5376. To be admitted to the call, listeners should use passcode 97385952. A replay of the call will be available one hour after the conclusion of the live call, extending through November 21, 2006. To directly access the replay, dial [phone] (U.S. and Canada) or 617-801-6888 (outside the U.S. and Canada). The passcode for the replay is 34136568.

This teleconference will also be audiocast on the Internet at www.prgx.com (click on "(NASDAQ: PRGX - News)" under "Investor Relations"). A replay of the audiocast will be available at the same location on www.prgx.com beginning one hour after the conclusion of the live audiocast, extending through November 21, 2006. Please note that the Internet audiocast is "listen-only." Microsoft Windows Media Player is required to access the live audiocast and the replay and can be downloaded from www.microsoft.com/windows/mediaplayer.

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing 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.

Non-GAAP Financial Measures

EBITDA and adjusted EBITDA are both "non-GAAP financial measures" presented as supplemental measures of our performance. They are not required by, or presented in accordance with, accounting principles generally accepted in the United States, or GAAP. The Company believes these measures provide additional meaningful information in evaluating the Company's performance over time, and that the rating agencies and a number of lenders use EBITDA and similar measures for similar purposes. In addition, a measure similar to adjusted EBITDA is used in the restrictive covenants contained in the Company's secured credit facility. However, EBITDA and adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under GAAP. In addition, in evaluating EBITDA and adjusted EBITDA, you should be aware that in the future we will incur expenses such as those used in calculating these measures. Our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Schedule 3 provides a reconciliation of net earnings (loss) to each of EBITDA and adjusted EBITDA.

Forward Looking Statements

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, in addition to historical information. Such statements include both implied and express statements regarding the Company's financial condition and position, the expected contribution to earnings of its Medicare payments audit in California and the ability to successfully complete the Company's operational turnaround (including plans to streamline the Company's organization). 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 the Company's ability to retain personnel, Medicare audit revenues that do not meet expectations or justify costs incurred, the Company's ability to replace the declining revenues from its core accounts payable services, changes in the market for the Company's services, 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 and the success of its restructuring plan, please see the Company's filings with the Securities and Exchange Commission, including its Form 10-K filed on March 23, 2006 and its Registration Statement on Form S-1, as amended and filed on August 15, 2006. The Company disclaims any obligation or duty to update or modify these forward-looking statements.

SCHEDULE 1
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Amounts in thousands, except per share data)
(Unaudited)


Three Months Nine Months
Ended September 30, Ended September 30,
------------------- -------------------
2006 2005 2006 2005
--------- --------- --------- ---------

Revenues $64,733 $66,415 $195,579 $219,724
Cost of revenues 44,194 48,057 137,740 147,649
--------- --------- --------- ---------
Gross margin 20,539 18,358 57,839 72,075

Selling, general and
administrative expenses 18,535 27,374 49,120 87,211
Operational restructuring
expense 153 7,922 2,141 7,922
--------- --------- --------- ---------

Operating income (loss) 1,851 (16,938) 6,578 (23,058)

Interest expense, net (5,260) (2,089) (12,072) (5,960)
Loss on financial
restructuring 82 - (10,047) -
--------- --------- --------- ---------

Loss from continuing
operations before income
taxes and discontinued
operations (3,327) (19,027) (15,541) (29,018)

Income taxes 726 715 1,714 1,814
--------- --------- --------- ---------

Loss from continuing
operations before
discontinued operations (4,053) (19,742) (17,255) (30,832)

Discontinued operations:
Earnings (loss) from
discontinued operations (181) (1,056) (918) (1,154)
--------- --------- --------- ---------

Net loss $(4,234) $(20,798) $(18,173) $(31,986)
========= ========= ========= =========

Basic and diluted earnings
(loss) per common share:
Loss from continuing
operations before
discontinued operations $(0.66) $(3.18) $(2.80) $(4.97)
Discontinued operations (0.03) (0.17) (0.15) (0.19)
--------- --------- --------- ---------
Net loss $(0.69) $(3.35) $(2.95) $(5.16)
========= ========= ========= =========


Weighted average common shares
outstanding:
Basic 6,575 6,203 6,391 6,200
========= ========= ========= =========
Diluted 6,575 6,203 6,391 6,200
========= ========= ========= =========


Certain reclassifications have been made to the 2005 amounts to
conform to the presentation in 2006. These reclassifications include
the reclassification of certain business units as discontinued
operations.

SCHEDULE 2
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Amounts in thousands)




September 30, December 31,
2006 2005
(Unaudited)
---------------- ------------
ASSETS
Current assets:
Cash and cash equivalents $18,848 $11,848
Restricted cash 3,620 3,096
Receivables:
Contract receivables 45,695 53,199
Employee advances and
miscellaneous receivables 2,579 2,737
---------------- ------------
Total receivables 48,274 55,936

Funds held for client
obligations 45,212 32,479
Prepaid expenses and other
current assets 3,313 3,180
---------------- ------------
Total current assets 119,267 106,539

Property and equipment 11,430 17,453
Goodwill 4,600 4,600
Intangible assets 23,408 24,447
Other assets 13,534 9,023
---------------- ------------
$172,239 $162,062
================ ============


LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Convertible notes $904 $466
Current portion of other
debt obligations 500 -
Obligation for client
payables 45,212 32,479
Accounts payable and
accrued expenses 28,247 34,103
Accrued payroll and related
expenses 39,442 44,031
Deferred revenue 3,577 4,583
---------------- ------------
Total current
liabilities 117,882 115,662

Convertible notes - 123,601
Senior notes 43,473 -
Senior convertible notes 68,264 -
Other debt obligations 24,500 16,800
Deferred compensation 869 1,388
Other long-term liabilities 7,464 6,976
---------------- ------------
Total liabilities 262,452 264,427
---------------- ------------

Mandatorily redeemable
participating preferred
stock 14,340 -

Shareholders' equity
(deficit):
Common stock 72 68
Additional paid-in capital 509,900 494,826
Accumulated deficit (568,892) (550,719)
Accumulated other
comprehensive income 3,077 2,400
Treasury stock, at cost (48,710) (48,710)
Unamortized portion of
stock compensation expense - (230)
---------------- ------------
Total shareholders'
equity (deficit) (104,553) (102,365)
---------------- ------------

$172,239 $162,062
================ ============

SCHEDULE 3
PRG-Schultz International, Inc. and Subsidiaries
Reconciliation of Net Earnings (Loss) to EBITDA and Adjusted EBITDA
(Amounts in thousands)
(Unaudited)


Three Months Nine Months
Ended September 30, Ended September 30,
------------------- -------------------
2006 2005 2006 2005
--------- --------- --------- ---------
Reconciliation of net loss to
adjusted EBITDA:
-------------------------------

Net earnings (loss) $(4,234) $(20,798) $(18,173) $(31,986)

Adjust for:
Earnings (loss) from
discontinued operations (181) (1,056) (918) (1,154)
--------- --------- --------- ---------

Loss from continuing
operations (4,053) (19,742) (17,255) (30,832)

Adjust for:
Income taxes 726 715 1,714 1,814
Interest 5,260 2,089 12,072 5,960
Loss on financial
restructuring (82) - 10,047 -
Depreciation and amortization 2,562 3,508 8,286 11,024
--------- --------- --------- ---------

EBITDA 4,413 (13,430) 14,864 (12,034)
--------- --------- --------- ---------

Messrs. Cook & Toma
retirement/severance - - - 3,529
Operational restructuring
expense 153 7,922 2,141 7,922
FAS 123R compensation 4,101 83 4,835 279
--------- --------- --------- ---------

Adjusted EBITDA $8,667 $(5,425) $21,840 $(304)
========= ========= ========= =========





EBITDA and adjusted EBITDA are both "non-GAAP financial measures"
presented as supplemental measures of our performance. They are not
required by, or presented in accordance with, accounting principles
generally accepted in the United States, or GAAP. The company
believes these measures provide additional meaningful information in
evaluating the company's performance over time, and that the rating
agencies and a number of lenders use EBITDA and similar measures for
similar purposes. In addition, a measure similar to adjusted EBITDA
is used in the restrictive covenants contained in the Company's
secured credit facility. However, EBITDA and adjusted EBITDA have
limitations as analytical tools, and you should not consider them in
isolation, or as substitutes for analysis of our results as reported
under GAAP. In addition, in evaluating EBITDA and adjusted EBITDA,
you should be aware that in the future we will incur expenses such as
those used in calculating these measures. Our presentation of these
measures should not be construed as an inference that our future
results will be unaffected by unusual or nonrecurring items.

SCHEDULE 4
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
(Unaudited)


Three Months Nine Months
Ended September 30, Ended September 30,
------------------- -------------------
2006 2005 2006 2005
--------- --------- --------- ---------
Cash flows from operating
activities:

Net earnings (loss) $(4,234) $(20,798) $(18,173) $(31,986)
Earnings (loss) from
discontinued operations (181) (1,056) (918) (1,154)
--------- --------- --------- ---------
Loss from continuing
operations (4,053) (19,742) (17,255) (30,832)
Adjustments to reconcile loss
from continuing operations to
net cash provided by (used
in) operations:
(Gain) loss on financial
restructuring (82) - 10,047 -
Depreciation and
amortization 2,562 3,508 8,286 11,024
Stock-based compensation
expense 4,101 83 4,835 279
Amortization of debt
discounts and deferred
costs 552 334 1,130 836
Other, primarily changes in
assets and liabilities (2,119) 15,494 1,446 9,350
--------- --------- --------- ---------
Net cash provided by
(used in) operating
activities 961 (323) 8,489 (9,343)
--------- --------- --------- ---------

Cash flows from investing
activities - purchases of
property and equipment, net of
disposals (440) (1,516) (923) (5,058)
--------- --------- --------- ---------

Cash flows from investing
activities:
Net borrowings (repayments) of
debt - (100) 8,200 12,400
Issuance costs of preferred
stock - - (1,281) -
Payments for deferred loan
costs - - (7,750) -
Net proceeds from common stock
issuances - - - 772
--------- --------- --------- ---------
Net cash provided by
(used in) financing
activities - (100) (831) 13,172
--------- --------- --------- ---------

Cash flows from discontinued
operations (178) (957) (547) (808)
--------- --------- --------- ---------

Effect of exchange rates on
cash and cash equivalents (90) 642 812 (571)
--------- --------- --------- ---------

Net increase (decrease)
in cash and cash
equivalents 253 (2,254) 7,000 (2,608)

Cash and cash equivalents at
beginning of period 18,595 12,242 11,848 12,596
--------- --------- --------- ---------

Cash and cash equivalents at
end of period $18,848 $9,988 $18,848 $9,988
========= ========= ========= =========



Contact:
PRG-Schultz International, Inc., Atlanta
Peter Limeri, 770-779-6464

--------------------------------------------------------------------------------
Source: PRG-Schultz International, Inc.

[kirroyal]

Antwort auf Beitrag Nr.: 25.193.503 von Gexe006 am 07.11.06 15:19:09

Danke !

[kirroyal]

Antwort auf Beitrag Nr.: 25.193.503 von Gexe006 am 07.11.06 15:19:09

Hallo Gexe,

schaut gut aus heute, hoffentlich läuft es so weiter !

Viele Grüße

[Gexe006]

Hallo Kirroyal,, sieht echt gut aus

Conference Call Supporting Materials:

Reconciliation of Net Earnings (Loss) to EBITDA and Adjusted EBITDA
http://library.corporate-ir.net/library/85/856/85608/items/2…

Press Release
http://library.corporate-ir.net/library/85/856/85608/items/2…

[Gexe006]

http://biz.yahoo.com/a/r/p/prgx.html

[Plusquamperfekt]

Antwort auf Beitrag Nr.: 25.219.897 von Gexe006 am 08.11.06 17:38:08

Kann mal bitte jemand einen

US Realtimechart reinstellen

DANKE

[kirroyal]

Antwort auf Beitrag Nr.: 25.219.897 von Gexe006 am 08.11.06 17:38:08

Hallo Gexe,

sieht immer noch sehr gut aus! Bist du noch dabei ?
Wieso wird in Deutschland nicht gehandelt?

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 25.428.017 von kirroyal am 15.11.06 21:25:40

Hi Kirroyal,

bin immer noch dabei, scheint langsam aber sicher aufwärts zu gehn.
Bin sogar schon leicht im Plus
Schluß drüben 6,77$ = 5,28€
Bin dafür das es weiter so geht
Keine Ahnung warum in Deutschland kein Handel stattfindet

[Gexe006]

Wünsche Allen die hier lesen und/oder investiert sind ein
FROHES WEIHNACHTSFEST
und weiter steigende Kurse!


Gruß
Gexe

[Gexe006]

wünsche ALLEN Investierten und Lesern hier einen

GUTEN RUTSCH

und ein

ERFOLGREICHES NEUES JAHR

[kirroyal]

Antwort auf Beitrag Nr.: 26.604.613 von Gexe006 am 31.12.06 12:40:51

Hallo Gexe,

Danke !
Dir auch viel Gesundheit , Glück und steigende Kurse für 2007 !
Kam gestern erst aus Maritius zurück, es war traumhaft dort.

Viele Grüße

[Gexe006]

Hi Kirroyal,

bist dann ja gut erholt für den weiteren Kursanstieg

Wollte ja dieses Jahr über Weihnachten für 3 Wochen auf die Maledieven, aber meiner Frau war der Flug zu lang, die 3 Wochen zu lang und ich wollte nicht auf den Kanaren Urlaub machen und so sind wir zu Hause geblieben und das Geld steckt nun in Aktien.

Was soll's, kauf ich mir dann von dem Gewinn in ca.1999 Jahren halt ne Insel

Auf Mauritius will ich auch irgenwann mal
Das kann aber noch ein Weilchen dauern

Gruß
Gexe

[kirroyal]

Antwort auf Beitrag Nr.: 26.695.411 von Gexe006 am 05.01.07 17:05:32

Hallo Gexe,

verstehe nicht, warum in D kein Handel ist !

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 27.162.691 von kirroyal am 24.01.07 22:17:34

war gestern eigentlich froh drum, da ich eine Verkaufsorder drin hatte und dann dieses schöne Plus.
PRGX kennt anscheinend in Deutschland fast Niemand oder hat sich in der Vergangenheit die Finger verbrannt.
Keine Ahnung warum der Kurs gestern so angesprungen ist

[Gexe006]

Antwort auf Beitrag Nr.: 27.186.338 von Gexe006 am 25.01.07 21:04:34

Sorry, falscher Kurs

Hier der Richtige

[kirroyal]

Antwort auf Beitrag Nr.: 27.186.369 von Gexe006 am 25.01.07 21:06:13

Danke !


... und wieder im plus !

[Gexe006]

Hi Kirroyal,
noch da

wenn ich mich letzte Woche nicht versehen habe wurden 10 Aktien von PRGX in Deutschland gehandelt.

Heute sehr starker Handel von Institutionellen: 72%

http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_tic…

Da die letzten Zahlen am 15.11.06 herrauskamen, rechne ich Mitte/Ende Februar mit den Zahlen für das 4.Quartal 06 und hoffe das die Instits PRGX kaufen da mit guten Zahlen gerechnet wird.

Auf hoffentlich weiter steigende Kurse und gute Quartalszahlen, das wäre

Gruß
Gexe

[kirroyal]

Antwort auf Beitrag Nr.: 27.454.092 von Gexe006 am 06.02.07 00:07:07

Hallo Gexe,

bin noch da , bin seit gestern sogar leicht im plus !

Viele Grüße

[Gexe006]

Antwort auf Beitrag Nr.: 27.457.300 von kirroyal am 06.02.07 10:19:35

Freut mich für Dich

Hoffen wir das es weiter so geht

Gruß
Gexe

[Gexe006]

Press Release Source: PRG-Schultz International, Inc.


PRG-Schultz International, Inc. to Hold Fourth Quarter & Fiscal Year 2006 Financial Results Call on March 1
Friday February 23, 11:48 am ET


ATLANTA--(BUSINESS WIRE)--PRG-Schultz International, Inc. (NASDAQ: PRGX - News), the world's largest recovery audit firm, today announced that the Company will release its financial results for the fourth quarter and fiscal year ended December 31, 2006 on Wednesday, February 28, 2007, after the market closes. Management will hold a conference call at 8:30 AM (EST) on Thursday, March 1, 2007 to discuss those results.
ADVERTISEMENT


To access the conference call, listeners in the U.S. and Canada should dial [phone] at least 5 minutes prior to the start of the conference. Listeners outside the U.S. and Canada should dial 617-847-8704. To be admitted to the call, listeners should use passcode 98942846. A replay of the call will be available one hour after the conclusion of the live call, extending through March 30, 2007. To directly access the replay, dial [phone] (U.S. and Canada) or 617-801-6888 (outside the U.S. and Canada). The passcode for the replay is 60769303.

This teleconference will also be audiocast on the Internet at www.prgx.com (click on "(NASDAQ: PRGX - News)" under "Investor Relations"). A replay of the audiocast will be available at the same location on www.prgx.com beginning one hour after the conclusion of the live audiocast, extending through March 30, 2007.

Hoffe positive Zahlen, wäre

[Gexe006]

bizjournals.com
PRG-Schultz shows improvement in 2006
Thursday March 1, 9:41 am ET


PRG-Schultz International Inc. cut a sizable chunk of its loss in 2006.
The Atlanta-based recovery audit firm (NASDAQ: PRGX - News) had a net loss of $21.1 million on $266.1 million in revenue, compared with a net loss of $207.7 million on $292.2 million in revenue in 2005. Loss per share was $3.32, compared with a loss per share of $33.50 in 2005.

ADVERTISEMENT


The 2006 loss included a $10 million non-cash charge from the company's financial restructuring completed in March 2006; an $8 million charge for severance and operational restructuring costs; $4.7 million in charges for stock-based compensation; a charge of $1.7 million related to the voluntary forfeiture of stock options by the company's CEO; and a loss on discontinued operations of $800,000. The 2005 loss included a non-cash charge of $170.4 million for impairment of goodwill and other intangibles; a charge of $11.6 million associated with the company's operational restructuring; a charge of $3.9 million for severance costs related to the departures of the company's former CEO and former vice chairman; a loss on discontinued operations of $2.2 million; and a charge of $400,000 for stock-based compensation.

"The first full year of our turnaround has put our company on a solid footing for attacking our future opportunities," said James B. McCurry, chairman, president and CEO. "A realigned cost structure and a focused commitment to meeting the objectives of our most important clients have transformed our core recovery audit business into a reliable source of cash for paying down debt and investing in new sources of future revenue. We are learning and developing new ways to bring value to our strong existing base of clients throughout the world."

McCurry added that the coming national expansion of recovery audit of Medicare to all 50 states is a good growth opportunity for the company.
Published March 1, 2007 by the Atlanta Business Chronicle

Die Zahlen scheinen mir nicht all zu berauschend, allerdings scheint der Ausblick recht gut zu sein, so sagt es jedenfalls der Markt heute.

[Gexe006]

Antwort auf Beitrag Nr.: 28.052.988 von Gexe006 am 01.03.07 18:17:37

Last Trade 12,04$

[Zimbolette25plus]

Kann jedem nur gratulieren, der die Teile behalten hat.
Habe selbst bei etwa 3 Dollar alles verkauft.
Na, war ja nur der Gewinn (also leider nur schmale 30%).
Besser als nichts.
Allen Investierten noch viel Glück.

[Gexe006]

Antwort auf Beitrag Nr.: 28.216.440 von Zimbolette25plus am 10.03.07 00:33:02

Danke,

ich denke PRGX hat noch einen guten Weg vor sich, wollte ja auch schon ein paar Mal verkaufen, nun werde ich wohl noch länger dabei bleiben.
Der Chart sieht einfach zu gut aus, wie an einer Linie gezogen geht es aufwärts

http://stockcharts.com/h-sc/ui?s=prgx&p=D&yr=0&mn=6&dy=0&id=…

[kirroyal]

Antwort auf Beitrag Nr.: 28.216.440 von Zimbolette25plus am 10.03.07 00:33:02

Habe leider zu früh verkauft !

Euch allen aber noch viel Erfolg !

[Gexe006]

echt schade kirroyal, da hat dich wohl die Geduld verlassen,
kann ich verstehn, hatte ja auch schon des öfteren ne Verkaufsorder reingestellt, wollte aber immer zuviel Kohle dafür.

Nun werde ich auf jeden Fall halten bis sie Steuerfrei sind und eventuell noch viel länger.

Da Du nun auch nicht mehr investiert bist bin ich nun ganz alleine

übrigens hat heute doch einer drübern 150000 Stück gekauft

[Gexe006]

Form 10-K for PRG SCHULTZ INTERNATIONAL INC


--------------------------------------------------------------------------------

23-Mar-2007

Annual Report



ITEM 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations
Introduction
The Company's revenues are based on specific contracts with its clients. Such contracts generally specify: (a) time periods covered by the audit; (b) nature and extent of audit services to be provided by the Company; (c) the client's duties in assisting and cooperating with the Company; and (d) fees payable to the Company, generally expressed as a specified percentage of the amounts recovered by the client resulting from overpayment claims identified. Clients generally recover claims by either taking credits against outstanding payables or future purchases from the involved vendors, or receiving refund checks directly from those vendors. The manner in which a claim is recovered by a client is often dictated by industry practice. In addition, many clients establish client-specific procedural guidelines that the Company must satisfy prior to submitting claims for client approval. For some services provided by the Company, client contracts provide for compensation to the Company in the form of a flat fee, or fee rate per hour, or per unit of usage for the rendering of that service.
The Company generally recognizes revenue on the accrual basis except with respect to its Meridian VAT reclaim business and certain international Accounts Payable Services units where revenue is recognized on the cash basis in accordance with guidance issued by the Securities and Exchange Commission in Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition." Revenue is generally recognized for a contractually specified percentage of amounts recovered when it has been determined that the client has received economic value (generally through credits taken against existing accounts payable due to the involved vendors or refund checks received from those vendors), and when the following criteria are met: (a) persuasive evidence of an existing contractual arrangement between the Company and the client exists; (b) services have been rendered; (c) the fee billed to the client is fixed or determinable; and
(d) collectability is reasonably assured. In certain limited circumstances, the Company will invoice a client prior to meeting all four of these criteria. In those instances, revenue is deferred until all of the criteria are met. Historically, there has been a certain amount of revenue that, even though meeting the requirements of the Company's revenue recognition policy, relates to underlying claims ultimately rejected by the Company's clients' vendors. In that case, the Company's clients may request a refund of such amount. The Company records such refunds as a reduction of revenue (See "Critical Accounting Policies - Unbilled Revenue and Refund Liability" as fully described in Note 1 of Notes of the Consolidated Financial Statements included in Item 8. of this Form 10-K). The contingent fee based VAT reclaim division of the Company's Meridian business, along with certain other international Accounts Payable Services units, recognize revenue on the cash basis in accordance with guidance issued by the Securities and Exchange Commission in Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition." Based on the guidance in SAB No. 104, Meridian defers recognition of contingent fee revenues to the accounting period in which cash is both received from the foreign governmental agencies reimbursing the VAT claims and transferred to Meridian's clients. The Company derives a relatively small amount of revenues on a "fee-for-service" basis where revenue is based upon a flat fee, or fee per hour, or fee per unit of usage. The Company recognizes revenue for these types of services as they are provided and invoiced and when the revenue recognition criteria described above in clauses (a) through (d) have been satisfied. On March 29, 2005, the Company announced that CMS, the federal agency that administers the Medicare program, awarded the Company a contract to provide recovery audit services for the State of California's Medicare spending. The three-year contract was effective on March 28, 2005. To fully address the range of payment recovery opportunities, the Company has sub-contracted with Concentra Preferred Systems, the nation's largest provider of specialized cost containment services for the healthcare industry, which will add its clinical experience to the Company's expertise in recovery audit services. The contract was awarded as part of a demonstration program by CMS to recover overpayments through the use of recovery auditing. The Company began to incur capital expenditures and employee compensation costs related to this contract in 2005. Such capital expenditures and employee compensation costs will continue to be incurred during 2007 as the Company continues to build this business. Management remains optimistic that the audit of Medicare payments in California will make an important contribution to future earnings; however, the Company has only limited ability to influence the timing of the processing of identified claims by third party claims processors, and the Company's revenues from its Medicare audit efforts may vary significantly from period to period.


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In late 2006, legislation was passed that mandated that recovery audit of Medicare be extended beyond March 27, 2008, the end of the three-year recovery audit demonstration project under the original authorizing legislation, and that CMS enter into additional contracts with recovery audit contractors to expand recovery auditing of Medicare out to all fifty states by January 1, 2010. While it is difficult to assess the impact of this legislation, management believes it will provide additional opportunities to expand the Company's Medicare audit recovery business.
Operational Restructuring
On August 19, 2005, the Company announced that it had taken the initial step in implementing an expense restructuring plan, necessitated by the Company's declining revenue trend over the previous two and one-half years. On September 30, 2005, the Company's Board of Directors approved the restructuring plan and authorized implementation of the plan. At the time the operational restructuring plan was approved, annualized savings from the restructuring plan were expected to be approximately $42.2 million. Management believes that as of December 31, 2006, cost savings in excess of the original estimate have been achieved. The expense restructuring plan encompassed exit activities, including reducing the number of clients served, reducing the number of countries in which the Company operates, reducing headcount, and terminating operating leases. Almost all of the savings were realized in the area of selling, general and administrative expenses and only a small percentage of the Company's auditor staff was directly impacted by the reductions. See "- Operational Restructuring Expense" for more details regarding the operational restructuring.
Financial Restructuring
On October 19, 2005 the Board of Directors of the Company formed a Special Restructuring Committee to oversee the efforts of the Company, with the assistance of its financial advisor, Rothschild, Inc., to restructure the Company's financial obligations, including its obligations under its then existing convertible subordinated notes, and to improve the Company's liquidity. The restructuring was successfully completed on March 17, 2006.
Pursuant to the restructuring, the Company exchanged for $124.1 million of its existing convertible subordinated notes due November 2006 (and $1.8 million of accrued interest thereon) the following new securities: $51.5 million of new senior notes, $59.6 million of new senior convertible notes that may be converted into shares of common stock, and new Series A convertible preferred stock having an initial liquidation preference of $14.9 million. As of December 31, 2006, the outstanding Series A convertible preferred stock had a liquidation preference of $11.2 million. Concurrently with closing the exchange offer, the Company also refinanced its senior indebtedness. See "- Liquidity and Capital Resources - Financial Restructuring" for more details regarding the financial restructuting.
Critical Accounting Policies
"Management's Discussion and Analysis of Financial Condition and Results of Operations" includes a discussion of the Company's consolidated financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles. The preparation of these consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
The Company's significant accounting policies are more fully described in Note 1 of "Notes to Consolidated Financial Statements" included in Item 8. of this Form 10-K. However, certain of the Company's accounting policies are particularly important to the portrayal of its financial position and results of operations and require the application of significant judgment by management. As a result, they are subject to an inherent degree of uncertainty. Accounting policies that involve the use of estimates that meet both of the following criteria are considered by management to be "critical" accounting policies. First, the accounting estimate requires the Company to make assumptions about matters that are highly uncertain at the time that the accounting estimate is made. Second, alternate estimates in the current period, or changes in the estimate that are reasonably likely in future periods, would have a material impact on the presentation of the Company's financial condition, changes in financial condition or results of operations.



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In addition to estimates that meet the "critical" estimate criteria, the Company also makes many other accounting estimates in preparing its consolidated financial statements and related disclosures. All estimates, whether or not deemed critical, affect reported amounts of assets, liabilities, revenues and expenses, as well as disclosures of contingent assets and liabilities. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition, refund liabilities, accounts receivable allowance for doubtful accounts, goodwill and other intangible assets and income taxes. Management bases its estimates and judgments on historical experience, information available prior to the issuance of the consolidated financial statements and on various other factors that are believed to be reasonable under the circumstances. This information forms the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Materially different results can occur as circumstances change and additional information becomes known, including changes in those estimates not deemed "critical".
Management believes the following critical accounting policies, among others, involve its more significant estimates and judgments used in the preparation of its consolidated financial statements. The development and selection of accounting estimates, including those deemed "critical," and the associated disclosures in this Form 10-K have been discussed with the audit committee of the Board of Directors.
• Revenue Recognition. The Company recognizes revenue on the accrual basis except with respect to its Meridian VAT reclaim business, and certain international Accounts Payable Services units where revenue is recognized on the cash basis in accordance with guidance issued by the Securities and Exchange Commission in Staff Accounting Bulletin ("SAB") No. 104, Revenue Recognition. Revenue is generally recognized for a contractually specified percentage of amounts recovered when it has been determined that our clients have received economic value (generally through credits taken against existing accounts payable due to the involved vendors or refund checks received from those vendors), and when the following criteria are met:
(a) persuasive evidence of an arrangement exists; (b) services have been rendered; (c) the fee billed to the client is fixed or determinable; and
(d) collectibility is reasonably assured. The determination that each of the aforementioned criteria has been met, particularly the determination of the timing of economic benefit received by the client and the determination that collectibility is reasonably assured, requires the application of significant judgment by management and a misapplication of this judgment could result in inappropriate recognition of revenue.

• Unbilled Receivables & Refund Liabilities. Unbilled receivables are usually contractual and relate to claims for which our client has received economic value. Unbilled receivables arise when a portion of the Company's fee is deferred at the time of the initial invoice. At a later date (which can be up to a year after original invoice, or a year after completion of the audit period), the unbilled receivable amount is invoiced. Notwithstanding the deferred due date, the Company and the client acknowledge that this unbilled receivable has been earned at the time of the original invoice, it just has a deferred due date.
• Refund liabilities result from reductions in the economic value previously received by the Company's clients with respect to vendor claims identified by the Company and for which the Company has previously recognized revenue. Such refund liabilities are recognized by either offsets to amounts otherwise due from clients or by cash refunds to clients. The Company computes the estimate of its refund liabilities at any given time based on actual historical refund data. A hypothetical 1% change in refund liabilities would have an impact on operating income of approximately $0.1 million.

Periodic changes in unbilled receivables and refund liabilities are recorded as adjustments to revenue.
• Accounts Receivable Allowance for Doubtful Accounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability or unwillingness of its clients to make required payments. The Company evaluates the adequacy of these allowances on a periodic basis. This evaluation includes, but is not limited to, historical loss experience, the aging of current accounts receivable balances and provisions for adverse situations that may affect a client's ability to pay. If the evaluation of allowance requirements differs from the actual aggregate allowance, adjustments are made to the allowance. This evaluation is inherently subjective, as it requires estimates that are susceptible to revision as more information becomes available. If the financial condition of any of the Company's clients were to deteriorate, or their operating climates were to change, resulting in an impairment of either their ability or



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willingness to make payments, additional allowances may be required. If the Company's estimate of required allowances for doubtful accounts is determined to be insufficient, it could result in decreased operating income in the period such determination is made. Conversely, if a client subsequently remits cash for an accounts receivable balance which has previously been written off, it could result in increased operating income in the period in which the payment is received. A hypothetical 1% change in the allowance for doubtful accounts would have an impact on operating income of less than $0.1 million.

• Goodwill and Other Intangible Assets. During the fourth quarter of 2006, the Company, working with its independent valuation advisors, Adams Capital, LLC, completed the required annual impairment testing of goodwill and other intangible assets in accordance with SFAS No. 142. As a result of this testing, the Company concluded that there was no impairment of goodwill and other intangible assets.

During the fourth quarter of 2005, as part of its annual intangible asset impairment testing, the Company, together with its independent valuation advisors, Deloitte Financial Advisory Services LLP, performed valuation analyses of its goodwill balances as well as other intangible assets. As a result of this process, the Company determined that non-cash, pre-tax intangible asset impairment charges totaling $170.4 million were required during the quarter and year-ended December 31, 2005, in accordance with U.S. generally accepted accounting principles. The Company's Accounts Payable Services segment had experienced its third consecutive year of significant declines in revenues and gross profit. The continuing downward trend in this segment was the single most important factor leading to the necessity of the impairment charge. This trend is also what necessitated the initiation of the implementation of the Company's operational restructuring plan in the third quarter of 2005.

• Income Taxes. The Company's reported effective tax rates on earnings
(loss) from continuing operations before income taxes and discontinued operations approximated (11.1)%, (0.4)%, and 12,114% for the years ended December 31, 2006, 2005 and 2004, respectively. The unusual 2005 rate is primarily attributable to the nondeductible portions of the impairment charges discussed above and the change in the deferred tax asset valuation allowance. The unusual 2006 and 2004 rates are primarily attributable to the changes in the deferred tax asset valuation allowance.

The Company's effective tax rate is based on historical and anticipated future taxable income, statutory tax rates and tax planning opportunities available to the Company in the various jurisdictions in which it operates. Significant judgment is required in determining the effective tax rate and in evaluating the Company's tax positions. Tax regulations require items to be included in the tax returns at different times than the items are reflected in the financial statements. As a result, the Company's effective tax rate reflected in its Consolidated Financial Statements included in Item 8. of this Form 10-K is different than that reported in its tax returns. Some of these differences are permanent, such as expenses that are not deductible on the Company's tax returns, and some are temporary differences, such as depreciation expense. Temporary differences create deferred tax assets and liabilities. Deferred tax assets generally represent items that can be used as a tax deduction or credit in the Company's tax returns in future years for which it has already recorded the tax benefit in the statement of operations. The Company establishes valuation allowances to reduce deferred tax assets to the amounts that it believes are more likely than not to be realized. These valuation allowances are adjusted in light of changing facts and circumstances. Deferred tax liabilities generally represent tax expense recognized in the Company's consolidated financial statements for which payment has been deferred, or expense for which a deduction has already been taken on the Company's tax returns but has not yet been recognized as an expense in its consolidated financial statements.

SFAS No. 109, "Accounting for Income Taxes", requires that deferred tax assets be reduced by a valuation allowance if it is more likely than not that some portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences are deductible. In making this determination, management considers all available positive and negative evidence affecting specific deferred tax assets, including the Company's past and anticipated future performance, the reversal of deferred tax liabilities, the length of carry-back and carry-forward periods, and the implementation of tax planning strategies.

Objective positive evidence is necessary to support a conclusion that a valuation allowance is not needed for all or a portion of deferred tax assets when significant negative evidence exists. Cumulative losses in



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recent years are the most compelling form of negative evidence considered by management in this determination. In 2004, the Company recognized an increase in the valuation allowance against its remaining net deferred tax assets of $76.6 million. This increase was offset by the use of approximately $4.3 million of capital loss carry-forwards resulting in a net change in the valuation allowance of approximately $72.3 million. During 2005 the Company recorded an additional valuation allowance adjustment of $48.5 million, bringing the total valuation allowance balance to $139.6 million.

For the year ended December 31, 2006, management has determined that based on all available evidence, a valuation allowance of $79.5 million is appropriate, as compared to a valuation allowance in the amount of $139.6 million as of the year ended December 31, 2005. The reduction in the valuation allowance is primarily attributable to the write-off of a number of deferred tax assets as a result of an ownership change as defined in IRC
Section 382, and the corresponding limitations imposed on certain tax attributes as a result of this ownership change. The impact of IRC
Section 382 on the deferred tax assets of the Company is discussed in more detail in Note 10 of "Notes to Consolidated Financial Statements" included in Item 8. of this Form 10-K.

• Stock-Based Compensation. The Company adopted the provisions of SFAS 123(R) in 2006. See "New Accounting Standards" below.

Results of Operations
The following table sets forth the percentage of revenues represented by certain items in the Company's Consolidated Statements of Operations for the periods indicated:


Years Ended December 31,
2006 2005 2004
Statements of Operations Data:
Revenues 100.0 % 100.0 % 100.0 %
Cost of revenues 72.8 66.8 61.9

Gross margin 27.2 33.2 38.1

Selling, general and administrative expenses 22.6 38.1 35.5
Impairment charges - 58.3 -
Operational restructuring expenses 1.6 4.0 -

Operating income (loss) 3.0 (67.2 ) 2.6
Interest expense, net (6.1 ) (2.9 ) (2.4 )
Loss on financial restructuring (3.8 ) - -


Earnings (loss) from continuing operations before income taxes and discontinued operations (6.9 ) (70.1 ) 0.2
Income taxes 0.7 0.3 21.7

Earnings (loss) from continuing operations before discontinued operations (7.6 ) (70.4 ) (21.5 )
Discontinued operations:
Earnings (loss) from discontinued operations and disposals, net of income taxes (0.3 ) (0.7 ) 1.1


Net earnings (loss) (7.9 )% (71.1 )% (20.4 )%




The Company has two reportable operating segments, the Accounts Payable Services segment and Meridian. See Note 5 of "Notes to Consolidated Financial Statements" included in Item 8. of this Form 10-K.



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Accounts Payable Services
Revenues. Accounts Payable Services revenues for the years ended December 31,
2006, 2005 and 2004 were as follows (in millions):

2006 2005 2004
Domestic Accounts Payable Services revenue:
Retail $ 126.9 $ 137.3 $ 167.8
Commercial 13.5 17.1 33.5

140.4 154.4 201.3
International Accounts Payable Services revenue 85.5 97.2 107.9

Total Accounts Payable Services revenue $ 225.9 $ 251.6 $ 309.2




For the years ended December 31, 2006 and 2005, the Company continued to experience a decline in revenues for domestic retail/wholesale Accounts Payable Services. The decline in revenues is consistent with the revenue decline that the Company has been experiencing over the past several years and was primarily attributable to fewer claims being processed as a result of improved client processes. Revenues from both domestic and international operations decreased as the Company's clients developed and strengthened their own internal audit capabilities as a substitute for the Company's services. Further, the Company's clients made fewer transaction errors as a result of the training and methodologies provided by the Company as part of the Company's accounts payable recovery process. These trends are expected to continue, and as a result, revenues from the Accounts Payable Services segment are expected to continue to decline for the foreseeable future.
Revenues from the Company's domestic commercial Accounts Payable Services clients declined during 2006 and 2005, as well. The Company believes the market for providing disbursement audit services (which typically entail acquisition from the client of limited purchase data and an audit focus on a select few recovery categories) to commercial entities in the United States is declining with fewer audit starts and lower fee rates due to increasing pricing pressures. In response to the decline in performance for the commercial business, the Company continues to intentionally reduce the number of commercial clients serviced based on profitability, and this trend is expected to continue. As a result of the foregoing, revenues from domestic commercial Accounts Payable Services are expected to continue to decline for the foreseeable future.
The declines in domestic retail, domestic commercial and international Accounts Payable Services revenues in 2005 versus 2004 are likewise attributable to the same factors as discussed above.
The Company intends to maximize the revenue opportunities with each of its existing clients by identifying and auditing new categories of potential errors. The Company also intends to increase its emphasis on using its technology and professional experience to assist its clients in achieving objectives that do not directly involve recovery of past overpayments. These objectives are related to such things as transaction accuracy and compliance, purchasing effectiveness, M&A due diligence analysis, and processing efficiency in the procure-to-pay value chain.
In addition the Company will continue to focus on its business within the Health Care industry and in particular with the Medicare audit. In 2005, CMS, the federal agency that administers the Medicare program, awarded the Company a . . .

[Gexe006]

was geht heute in Deutschland ab

Tageshoch bei 16,50€ in Frankfurt, das sind über 30% über Pari

und es wird auch gehandelt, was bei PRGX in Deutschland fast neu ist

[Paul_Muadib]

Antwort auf Beitrag Nr.: 28.496.189 von Gexe006 am 26.03.07 11:39:01

wurden in telebörse empfohlen! vielleicht deshalb? deren produkt soll nach californien jetzt auf die ganze usa verbreitet werden...

[Paul_Muadib]

Antwort auf Beitrag Nr.: 28.496.423 von Paul_Muadib am 26.03.07 11:51:13

Gerade hat PRGX einen Großauftrag der Prüfung der Leistungen der öffentlichen Krankenversorgung des Staates Kalifornien erfolgreich vollzogen. Sehr wahrscheinlich wird das Prüfprogramm auf alle 50 Bundesstaaten der USA ausgedehnt. Das ließe die Kasse klingeln. Gerade im Krankenkassenbereich ist Betrug an der Tagesordnung, so dass erhöhter Bedarf besteht. PRGX hat den Fuß in der Tür.

[graue eminenz]

Antwort auf Beitrag Nr.: 28.496.423 von Paul_Muadib am 26.03.07 11:51:13

es war in der 3Sat-Börse vom frankfurter börsendienst ... der typ hat sie ins musterdepot aufgenommen ... herrlich wie die lemminge heute früh in frankfurt abgezockt wurden

[Gexe006]

Press Release Source: PRG-Schultz International, Inc.


PRG-Schultz International, Inc. to Hold First Quarter 2007 Financial Results Call on May 14
Thursday May 10, 5:04 pm ET


ATLANTA--(BUSINESS WIRE)--PRG-Schultz International, Inc. (NASDAQ: PRGX - News), the world's largest recovery audit firm, today announced that the Company will release first quarter 2007 financial results on Monday, May 14, 2007, before the market opens. Management will hold a conference call at 8:30 AM (EDT) on May 14 to discuss those results.
ADVERTISEMENT





To access the conference call, listeners in the U.S. and Canada should dial [phone] at least 5 minutes prior to the start of the conference. Listeners outside the U.S. and Canada should dial 617-614-3528. To be admitted to the call, listeners should use passcode 11773003. A replay of the call will be available one hour after the conclusion of the live call, extending through June 15, 2007. To directly access the replay, dial [phone] (U.S. and Canada) or 617-801-6888 (outside the U.S. and Canada). The passcode for the replay is 15058283.

This teleconference will also be audiocast on the Internet at www.prgx.com (click on "(NASDAQ: PRGX - News)" under "Investor Relations"). A replay of the audiocast will be available at the same location on www.prgx.com beginning one hour after the conclusion of the live audiocast, extending through June 15, 2007. Please note that the Internet audiocast is "listen-only." Microsoft Windows Media Player is required to access the live audiocast and the replay and can be downloaded from www.microsoft.com/windows/mediaplayer.

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing clients throughout the world with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client purchases and payment information to identify and recover overpayments.



Contact:
PRG-Schultz International, Inc., Atlanta
Peter Limeri, 770-779-6464

--------------------------------------------------------------------------------
Source: PRG-Schultz International, Inc.

[Marchella]

http://www.mastertraders.de/us-trading/?p=234

[Gexe006]

PRG-Schultz Swings to 1Q Profit
Monday May 14, 11:34 am ET
PRG-Schultz Posts 1st-Quarter Profit, Reversing Year-Ago Loss; Shares Jump


ATLANTA (AP) -- Recovery audit services provider PRG-Schultz International Inc. posted a first-quarter profit Monday, reversing a year-ago loss stemming from restructuring costs.
The company's shares jumped more than 17 percent as a result, nearing their 52-week high when adjusted for a 10-for-1 reverse split last August.

PRG earned $1.5 million, or 13 cents per share, up from a net loss of $10.3 million, or $1.66 per share, in the same period a year ago.

Last year's results included a loss of $10.1 million from financial restructuring.

Revenue rose 2 percent to $66.9 million from $65.5 million.

Shares rose $2.46, or 17.3 percent, to $16.70 in late-morning trading. The stock has traded in the 52-week range of $2.03 and $16.87. The company reverse-split its stock on a one-for-10 basis last August so it could meet Nasdaq listing requirements.

[Gexe006]

Form 10-Q for PRG SCHULTZ INTERNATIONAL INC


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15-May-2007

Quarterly Report



Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations
Introduction
The Company's revenues are based on specific contracts with its clients. Such contracts generally specify: (a) time periods covered by the audit; (b) nature and extent of audit services to be provided by the Company; (c) the client's duties in assisting and cooperating with the Company; and (d) fees payable to the Company, generally expressed as a specified percentage of the amounts recovered by the client resulting from overpayment claims identified. Clients generally recover claims by either taking credits against outstanding payables or future purchases from the involved vendors, or receiving refund checks directly from those vendors. The manner in which a claim is recovered by a client is often dictated by industry practice. In addition, many clients establish client-specific procedural guidelines that the Company must satisfy prior to submitting claims for client approval. For some services provided by the Company, client contracts provide for compensation to the Company in the form of a flat fee, or fee rate per hour, or per unit of usage for the rendering of that service.
The Company generally recognizes revenue on the accrual basis except with respect to its Meridian VAT reclaim business and certain international Accounts Payable Services units where revenue is recognized on the cash basis in accordance with guidance issued by the Securities and Exchange Commission in Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition." Revenue is generally recognized when invoiced. Invoicing typically occurs for a contractually specified percentage of amounts recovered when it has been determined that the client has received economic value (generally through credits taken against existing accounts payable due to the involved vendors or refund checks received from those vendors), and when the following criteria are met: (a) persuasive evidence of an existing contractual arrangement between the Company and the client exists; (b) services have been rendered; (c) the fee billed to the client is fixed or determinable; and (d) collectability is reasonably assured. In certain limited circumstances, the Company will invoice a client prior to meeting all four of these criteria. In those instances, revenue is deferred until all of the criteria are met. Historically, there has been a certain amount of revenue that, even though meeting the requirements of the Company's revenue recognition policy, relates to underlying claims ultimately rejected by the Company's clients' vendors. In that case, the Company's clients may request a refund of such amount. The Company records such refunds as a reduction of revenue.
The contingent fee based VAT reclaim division of the Company's Meridian business, along with certain other international Accounts Payable Services units, recognize revenue on the cash basis in accordance with guidance issued by the Securities and Exchange Commission in Staff Accounting Bulletin ("SAB") No. 104, "Revenue Recognition." Based on the guidance in SAB No. 104, Meridian defers recognition of contingent fee revenues to the accounting period in which cash is both received from the foreign governmental agencies reimbursing the VAT claims and transferred to Meridian's clients.
The Company derives a relatively small amount of revenues on a "fee-for-service" basis where revenue is based upon a flat fee, or fee per hour, or fee per unit of usage. The Company recognizes revenue for these types of services as they are provided and invoiced and when the revenue recognition criteria described above in clauses (a) through (d) have been satisfied.
On March 29, 2005, the Company announced that the Centers for Medicare & Medicaid Services ("CMS"), the federal agency that administers the Medicare program, awarded the Company a contract to provide recovery audit services for the State of California's Medicare spending. The three-year contract was effective on March 28, 2005. To fully address the range of payment recovery opportunities, the Company sub-contracted with Concentra Preferred Systems ("Concentra"), the nation's largest provider of specialized cost containment services for the healthcare industry, to add Concentra's clinical experience to the Company's expertise in recovery audit services.
The CMS contract was awarded as part of a demonstration program by CMS to recover overpayments through the use of recovery auditing. The Company began to incur capital expenditures and employee compensation costs related to this contract in 2005. Such capital expenditures and employee compensation costs will continue to be incurred during 2007 as the Company continues to build this business. Management remains optimistic that the audit of Medicare payments in California will make an important contribution to future earnings; however, the Company has only limited ability to influence the timing of the processing of identified claims by third party claims processors, and the Company's revenues from its Medicare audit efforts may vary significantly from period to period.


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In late 2006, legislation was passed that mandated that recovery audit of Medicare be extended beyond March 27, 2008, the end of the three-year recovery audit demonstration project under the original authorizing legislation, and that CMS enter into additional contracts with recovery audit contractors to expand recovery auditing of Medicare out to all fifty states by January 1, 2010. While it is difficult to assess the impact of this legislation, management believes it will provide additional opportunities to expand the Company's Medicare audit recovery business, and the Company is working to strengthen its Medicare auditing capabilities in preparation for these opportunities.
Critical Accounting Policies
The Company's significant accounting policies have been fully described in Note 1 of Notes to Consolidated Financial Statements of the Company's Annual Report on Form 10-K for the year ended December 31, 2006. Certain of these accounting policies are considered "critical" to the portrayal of the Company's financial position and results of operations, as they require the application of significant judgment by management; as a result, they are subject to an inherent degree of uncertainty. These "critical" accounting policies are identified and discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations section of the Company's Annual Report on Form 10-K for the year ended December 31, 2006. Management bases its estimates and judgments on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. On an ongoing basis, management evaluates its estimates and judgments, including those considered "critical". The development, selection and evaluation of accounting estimates, including those deemed "critical," and the associated disclosures in this Form 10-Q have been discussed with the Audit Committee of the Board of Directors.
New Accounting Standards
In June 2006, the Financial Accounting Standards Board ("FASB") issued Interpretation No. 48 "Accounting for Uncertainty in Income Taxes - an Interpretation of FASB Statement No. 109" ("FIN No. 48"). The Interpretation prescribes a "more-likely-than-not" recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Interpretation also offers guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company adopted FIN 48 effective January 1, 2007. In accordance with FIN 48, paragraph 19, the Company's policy for recording interest and penalties associated with tax positions is to record such items as a component of income before taxes. As a result of the implementation of FIN 48, the Company recognized a $0.3 million increase in liability for unrecognized tax benefits, which was accounted for as an increase to the January 1, 2007 balance of accumulated deficit.
In September 2006, the FASB issued Statement of Financial Accounting Standards ("SFAS") No. 157, "Fair Value Measurements" ("SFAS No. 157"). SFAS No. 157 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States, and expands disclosures about fair value measurements. SFAS No. 157 is effective for fiscal years beginning after November 15, 2007, with earlier application encouraged. Any amounts recognized upon adoption as a cumulative effect adjustment will be recorded to the opening balance of retained earnings (deficit) in the year of adoption. The Company is currently evaluating the impact of adopting SFAS No. 157 on its consolidated financial statements.
In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities - Including an amendment of FASB Statement No. 115" ("SFAS No. 159"). This standard permits an entity to choose to measure certain financial assets and liabilities at fair value. SFAS No. 159 also revises provisions of SFAS No. 115 that apply to available-for-sale and trading securities. This statement is effective for fiscal years beginning after November 15, 2007. The Company is currently evaluating the effect, if any, that the adoption of this pronouncement will have on its consolidated financial statements.



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Results of Operations
The following table sets forth the percentage of revenues represented by
certain items in the Company's Condensed Consolidated Statements of Operations
(Unaudited) for the periods indicated:

Three Months Ended
March 31,
2007 2006
Revenues 100.0 % 100.0 %
Cost of revenues 68.0 72.1

Gross margin 32.0 27.9

Selling, general and administrative expenses 22.0 22.7
Operational restructuring expenses - 0.6

Operating income (loss) 10.0 4.6

Interest expense, net (6.1 ) (3.9 )
Loss on financial restructuring - (15.5 )

Earnings (loss) from continuing operations before income
taxes and discontinued operations 3.9 (14.8 )
Income taxes 1.6 1.0

Earnings (loss) from continuing operations before
discontinued operations 2.3 (15.8 )
Earnings (loss) from discontinued operations 0.0 0.1


Net earnings (loss) 2.3 % (15.7 )%




The Company has two reportable operating segments, the Accounts Payable Services segment and Meridian VAT Reclaim.
Quarter Ended March 31, 2007 Compared to the Quarter Ended March 31, 2006 Accounts Payable Services
Revenues. Accounts Payable Services revenues for the three months ended March 31, 2007 and 2006 were as follows (in millions):


2007 2006
Domestic Accounts Payable Services revenue $ 37.0 $ 34.7
International Accounts Payable Services revenue 20.0 21.0

Total Accounts Payable Services revenue $ 57.0 $ 55.7




For the quarter ended March 31, 2007 compared to the quarter ended March 31, 2006, total Accounts Payable Services revenues increased approximately 2.3%. Although the Company experienced this slight increase in first quarter 2007 revenues compared to the same period last year, the Company has experienced a trend of declining revenues in Accounts Payable Services for the past several years. Improvements by clients in their own internal processes and internal audit capabilities have contributed to the Company's recent historical trend of declining Accounts Payable Services revenues. The Company believes that the declining revenue trend in its core retail/wholesale accounts payable services is likely to continue for the foreseeable future, and as a result, the overall trend in revenues from the Accounts Payable Services as a whole is largely dependent on the Company's ability to generate additional revenues from its Medicare audit activities and its new services offerings.
The Company intends to maximize the revenue opportunities with each of its existing clients by identifying and auditing new categories of potential errors. The Company also intends to increase its emphasis on using its technology and professional experience to assist its clients in achieving objectives that do not directly involve recovery of past overpayments. These objectives are related to such things as transaction accuracy and compliance, purchasing effectiveness, M&A due diligence analysis, and processing efficiency in the procure-to-pay value chain.



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In addition the Company will continue to focus on its business within the Health Care industry and in particular with the Medicare Audit. As discussed above, in late 2006, legislation was passed that mandated that recovery audit of Medicare be extended beyond March 27, 2008, the end of the three-year recovery audit demonstration project under the original authorizing legislation, and that CMS enter into additional contracts with recovery audit contractors to expand recovery auditing of Medicare out to all fifty states by January 1, 2010. While it is difficult to assess the impact of this legislation, management believes it will provide additional opportunities to expand the Company's Medicare audit recovery business, and the Company is working to strengthen its Medicare auditing capabilities in preparation for these opportunities.
Cost of Revenues ("COR"). COR consists principally of commissions paid or payable to the Company's auditors based primarily upon the level of overpayment recoveries, and compensation paid to various types of hourly workers and salaried operational managers. Also included in COR are other direct costs incurred by these personnel, including rental of non-headquarters offices, travel and entertainment, telephone, utilities, maintenance and supplies and clerical assistance. A significant portion of the components comprising COR for the Company's domestic Accounts Payable Services operations are variable and will increase or decrease with increases and decreases in revenues. The COR support bases for domestic retail and domestic commercial operations are not separately distinguishable and are not evaluated by management individually. The Company's international Accounts Payable Services also have a portion of their COR, although less than domestic Accounts Payable Services, that will vary with revenues. The lower variability is due to the predominant use of salaried auditor compensation plans in most emerging-market countries.
Accounts Payable Services COR for the three months ended March 31, 2007 and 2006 were as follows (in millions):


2007 2006
Domestic Accounts Payable Services COR $ 21.8 $ 23.6
International Accounts Payable Services COR 15.5 16.3

Total Accounts Payable Services COR $ 37.3 $ 39.9




On a percentage basis, COR as a percentage of revenues from the Accounts Payable services decreased to 65.4% for the three months ended March 31, 2007 compared to 71.6% in 2006. The improvement is primarily related to the fact that the 2007 first quarter is the first quarter that reflects the full implementation of the 2005 operational restructuring plan that was still being implemented during the first half of 2006. In addition, the improvement also reflects the initial impact from the 2006 fourth quarter headcount reductions that were primarily targeted at reducing COR expenses.
Selling, General, and Administrative Expenses ("SG&A"). SG&A expenses include the expenses of sales and marketing activities, information technology services and the corporate data center, human resources, legal, accounting, administration, currency translation, headquarters-related depreciation of property and equipment and amortization of intangibles with finite lives. The SG&A support bases for domestic retail and domestic commercial operations are not separately distinguishable and are not evaluated by management individually. Due to the relatively fixed nature of the Company's SG&A expenses, these expenses as a percentage of revenues can vary markedly period to period based on fluctuations in revenues.



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Accounts Payable Services SG&A for the three months ended March 31, 2007 and 2006 were as follows (in millions):


2007 2006
Domestic Accounts Payable Services SG&A $ 3.6 $ 5.8
International Accounts Payable Services SG&A 2.7 3.3

Total Accounts Payable Services SG&A $ 6.3 $ 9.1




SG&A expenses decreased by $2.8 million or 30.8% for the Company's Accounts Payable Services operations, when compared to the same period of 2006. This reduction was primarily related to the fact that the 2007 first quarter is the first quarter that reflects the full implementation of the Company's 2005 operational restructuring plan that was still being implemented during the first half of 2006. As a percentage of revenue, first quarter 2007 SG&A was 11.1% as compared to 16.3% in the first quarter of 2006.
Meridian
Meridian's operating income for the three months ended March 31, 2007 and 2006 were as follows (in millions):


2007 2006
Revenues $ 9.9 $ 9.8
Cost of revenues 8.2 7.4
Selling, general and administrative expenses 1.1 0.9

Operating income $ 0.6 $ 1.5




Revenues. Meridian recognizes revenue in its contingent fee based VAT reclaim operations on the cash basis in accordance with SAB No. 104. Based on the guidance in SAB No. 104, Meridian defers recognition of revenues to the accounting period in which cash is both received from the foreign governmental agencies reimbursing VAT claims and transferred to Meridian's clients. Since Meridian has minimal influence over when the foreign governmental agencies make their respective VAT reimbursement payments, Meridian's revenues can vary markedly from period to period.
Revenue generated by Meridian increased by $0.1 million for the three months ended March 31, 2007 when compared to the same period of 2006 due to a combination of timing of cash receipts and the exchange rate impact relating to the strengthening of the Euro to the US dollar. In addition to its contingency fee based VAT reclaim services, Meridian offers a number of other business services such as services on a fee for service basis, accounts payable and employee expense processing for third parties, tax return processing for governmental departments, and Local Agent Services Division ("LASD") services. The revenues from these services totaled $ 1.4 million for the quarter ended March 31, 2007 as compared to $ 1.0 million for the quarter ended March 31, 2006.
COR. COR consists principally of compensation paid to various types of hourly workers and salaried operational managers. Also included in COR are other direct costs incurred by these personnel, including rental of offices, travel and entertainment, telephone, utilities, maintenance and supplies and clerical assistance. COR for the Company's Meridian operations are largely fixed and, for the most part, will not vary significantly with changes in revenue.
COR for the quarter ended March 31, 2007 was $8.2 million as compared to $7.4 million for the same period in the prior year. The increase was primarily due to the exchange rate impact of the strengthening of the Euro to the US dollar.
SG&A. Meridian's SG&A expenses include the expenses of marketing activities, administration, professional services, property rentals and currency translation. Due to the relatively fixed nature of Meridian's SG&A expenses, these expenses as a percentage of revenues can vary markedly period to period based on fluctuations in revenues.
Meridian's SG&A for the quarter ended March 31, 2007 compared to the quarter ended March 31, 2006 increased by $0.2 million. This increase was primarily due to the exchange rate impact of the strengthening of the Euro to the US dollar.



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Corporate Support
SG&A. SG&A expenses include the expenses of sales and marketing activities, information technology services associated with the corporate data center, human resources, legal, accounting, administration, currency translation, headquarters-related depreciation of property and equipment and amortization of intangibles with finite lives. Due to the relatively fixed nature of the Company's Corporate Support SG&A expenses, these expenses as a percentage of revenues can vary markedly period to period based on fluctuations in revenues. Corporate support represents the unallocated portion of corporate SG&A expenses not specifically attributable to Accounts Payable Services or Meridian and totaled the following for the three months ended March 31, 2007 and 2006 (in millions):

2007 2006 Selling, general and administrative expenses $ 7.3 $ 4.9

Corporate Support SG&A expenses increased by $2.4 million or 49.0% for the Corporate Support operations, when compared to the same period of 2006. This increase was primarily related to approximately $2.7 million of SFAS No. 123R compensation expense that was recorded in the first quarter of 2007 as compared to approximately $0.4 million during the first quarter of 2006. Excluding the impact of SFAS No. 123R compensation expense, the Corporate Support expenses for the quarter are basically flat year over year.
Operational Restructuring Expense
On August 19, 2005, the Company announced that it had taken the initial step in implementing an operational restructuring plan, necessitated by the Company's declining revenue trend over the previous two and one-half years. On September 30, 2005, the Company's Board of Directors approved the restructuring plan and authorized implementation of the plan. The operational restructuring plan encompassed exit activities, including reducing the number of clients served, reducing the number of countries in which the Company operates, reducing headcount, and terminating operating leases. Almost all of the savings were realized in the area of selling, general and administrative expenses and only a small percentage of the Company's auditor staff was directly impacted by the reductions.
The restructuring expense for the periods ending March 31, 2007 and 2006 was as follows (in millions):

2007 2006 Restructuring expense $ 0.0 $ 0.4

As of December 31, 2006, the operational restructuring plan as originally contemplated and approved in 2005 had essentially been completed. Management plans to continue to diligently manage costs on an ongoing basis.
Financial Restructuring
On October 19, 2005, the Board of Directors of the Company formed a Special Restructuring Committee to oversee the efforts of the Company, with the assistance of its financial advisor, Rothschild, Inc., to restructure the Company's financial obligations, including its obligations under its then existing convertible subordinated notes, and to improve the Company's liquidity. The restructuring was successfully completed on March 17, 2006.
Pursuant to the restructuring, the Company exchanged for $124.1 million of its existing convertible subordinated notes due November 2006 (and $1.8 million of accrued interest thereon) the following new securities: $51.5 million of new senior notes, $59.6 million of new senior convertible notes that may be converted into shares of common stock, and new Series A convertible preferred stock having an initial liquidation preference of $14.9 million. As of March 31, 2007, the outstanding Series A convertible preferred stock had a liquidation preference of $8.9 million. Concurrently with closing the exchange offer, the Company also refinanced its senior indebtedness.
As a part of its financial restructuring, the Company also entered into a new senior secured credit facility with Ableco LLC ("Ableco") and The CIT/Group/Business Credit, Inc., a portion of which was syndicated to the Company's prior bridge financing lenders, Petrus Securities L.P. and Parkcentral Global Hub Limited (collectively, the "Petrus Entities") and Blum Strategic Partners II GmbH & Co. K.G. and Blum Strategic Partners II, L.P. (collectively, the "Blum Entities"). An affiliate of the Blum Entities was a member of the Ad Hoc Committee of



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noteholders of the Company's convertible subordinated notes due November 2006, with the right to designate one member of the Company's Board of Directors, and together with its affiliates, is the Company's largest shareholder. The new credit facility included (1) a $25.0 million term loan, and (2) a revolving credit facility that provides for revolving loan borrowings of up to $20 million. No borrowings are currently outstanding under the revolving credit facility.
During the first quarter of 2007, 19,249 shares of Series A preferred stock and $0.6 million in principal amount of senior convertible notes were converted into 945,028 shares of common stock. Also during the first quarter of 2007, the Company repaid $9.6 million of the term loan. No borrowings are currently outstanding under the revolving credit facility. As of March 31, 2007, the revolving credit facility had approximately $16.3 million of calculated availability.
Discontinued Operations
During the fourth quarter of 2005, the Company classified its Channel Revenue and Airline businesses, and the Accounts Payable Service business units in South Africa and Japan, as discontinued operations. The Company's Condensed Consolidated Financial Statements reflect the results of these businesses as discontinued operations for all periods presented. The carrying values of the . . .

[Gexe006]

Press Release Source: PRG-Schultz International, Inc.


PRG-Schultz Announces Sale of Meridian VAT Recovery Business
Wednesday May 30, 5:51 pm ET


ATLANTA--(BUSINESS WIRE)--PRG-Schultz International, Inc. (Nasdaq:PRGX - News), the world's largest recovery audit firm, today announced that it has sold its Meridian VAT recovery business to Averio Holdings Limited, a Dublin, Ireland based company affiliated with Meridian management, for net proceeds of approximately $20.9 million plus future payments totaling approximately $5.5 million, of which approximately $3.7 million is subject to certain contingencies. PRG-Schultz said that the proceeds from the sale will be used to reduce its debt.
ADVERTISEMENT


"Although Meridian is a worldwide leader in VAT recovery and has been a solid contributor to our earnings for many years, its business no longer fits our strategy," said James B. McCurry, Chairman, President and CEO. "Exiting this business will allow us to sharpen our focus on our three key objectives of strengthening our position as the worldwide leader in accounts payable recovery audit, developing new services to meet the needs of our strong client base and pioneering recovery auditing into Medicare."

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing 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

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, in addition to historical information. Such statements include both implied and express statements regarding the Company's financial condition and position, the anticipated use of proceeds from the sale, the amount of contingent payments the Company will receive from the sale, and the strength of the Company's client base. 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 the Company's ability to retain personnel, Medicare audit revenues that do not meet expectations or justify costs incurred, the Company's ability to replace the declining revenues from its core accounts payable services, changes in the market for the Company's services, 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 23, 2007. The Company disclaims any obligation or duty to update or modify these forward-looking statements.



Contact:
PRG-Schultz International, Inc.
Peter Limeri, 770-779-6464

--------------------------------------------------------------------------------
Source: PRG-Schultz International, Inc.

[Gexe006]

Form 8-K for PRG SCHULTZ INTERNATIONAL INC


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16-Jul-2007

Entry into a Material Definitive Agreement



Item 1.01 Entry into a Material Definitive Agreement.
The information set forth under Item 8.01 regarding the Amended and Restated Standstill Agreement dated July 16, 2007 is incorporated by reference into this Item 1.01.
Item 8.01 Other Events.
PRG-Schultz International, Inc. ("PRG" or the "Company") intends to undertake a refinancing whereby PRG will refinance portions of its capital structure to reduce its leverage and to simplify its capital structure. In connection with the proposed refinancing, PRG intends to replace its existing credit facility, redeem its 11% Senior Notes (the "Senior Notes") and redeem, to the extent not previously converted into the Company's common stock, its 10% Senior Convertible Notes (the "Convertible Notes") and its 9% Series A Convertible Preferred Stock (the "Preferred Stock"). PRG intends to solicit consents from holders of the Senior Notes and the Convertible Notes to amend the indentures governing those notes to shorten the time period necessary to complete the refinancing. In connection with the proposed refinancing, PRG has entered into a Conversion and Support Agreement (the "Support Agreement") with Blum Capital Partners, L.P. and certain of its affiliates (collectively "Blum"). Under the terms of the Support Agreement, Blum has agreed, subject to certain terms and conditions, to support the proposed refinancing by providing its consent in connection with the Company's consent solicitation to amend the indentures governing the Senior Notes and the Convertible Notes and, if called for redemption by the Company, to convert all of the Convertible Notes and shares of Preferred Stock it owns into shares of the Company's common stock. In addition, Blum has agreed, as a lender under PRG's current credit facility, to support, if necessary, any amendment to or waiver of the relevant provisions of the credit facility, to permit the simultaneous redemption of the notes. Blum currently holds approximately 28% of the outstanding Senior Notes, approximately 31% of the outstanding Convertible Notes and approximately 57% of the outstanding shares of Preferred Stock. As consideration for the Support Agreement, on July 16, 2007, PRG entered into an Amended and Restated Standstill Agreement (the "New Standstill Agreement") with Blum. Upon effectiveness, the New Standstill Agreement will replace and supersede the Amended and Restated Standstill Agreement dated November 14, 2005 between the Company and Blum (the "Old Standstill Agreement"). Under the terms of the New Standstill Agreement, without the prior written consent of the board of directors of PRG, Blum may not acquire or offer, make a proposal or agree to acquire, in any manner, any voting stock of the Company or its subsidiaries (or beneficial ownership thereof) if, after taking account of such acquisition, Blum will be the beneficial owner of more than 49.9% of the Company's common stock. Previously, under the terms of the Old Standstill Agreement, Blum was generally prohibited from beneficially acquiring any additional shares of the Company's common stock and such limitation was lowered, on a share-for-share basis, every time Blum disposed of any shares. If the Company completes the refinancing and, in connection therewith, all of the Company's outstanding Convertible Notes and shares of Preferred Stock are converted into shares of the Company's common stock, it is anticipated that Blum's beneficial ownership will be approximately 25%. The Company has also agreed under the New Standstill Agreement to amend its Shareholder Protection Rights Agreement to make a corresponding change to Blum's ownership limitations set forth therein.


--------------------------------------------------------------------------------

In addition, the New Standstill Agreement does not include any limitations on Blum's voting of the shares of Company's common stock and the Preferred Stock. Under the Old Standstill Agreement, any shares owned by Blum in excess of 15% of the Company's outstanding voting power (combining the voting power of the Common Stock and the Preferred Stock) were required to be voted by Blum in accordance with the recommendation of PRG's board of directors.
The New Standstill Agreement will not become effective until PRG has received consent from the lenders under its current credit facility to enter into the agreement and the earlier of (A) the holders of the Senior Notes waive certain prohibitions under the Senior Notes indenture, to the extent they apply, that would otherwise prohibit the Company from amending the Old Standstill Agreement or (B) the Company's obligations under the Senior Notes indenture are terminated.
A copy of the New Standstill Agreement is filed with this Current Report as Exhibit 10.1 and is incorporated herein by reference. Forward Looking Statements
This Current Report includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, in addition to historical information. Such statements include both implied and express statements regarding the Company's proposed refinancing, including replacing the Company's current credit facility and the redemption of the Senior Notes, the Convertible Notes and the Preferred Stock, the solicitation of consents to amend the indentures governing the Senior Notes and the Convertible Notes, the conversion of the Convertible Notes and the Preferred Stock into shares of the Company's common stock and Blum's anticipated beneficial ownership of the Company's common stock following any such refinancing. Such forward looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that may cause the actual events, 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 the Company's ability to obtain a new credit facility on terms and conditions acceptable to the Company, market conditions relative to the Company's common stock that could affect the conversion of the Convertible Notes and the Preferred Stock 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 23, 2007. The Company disclaims any obligation or duty to update or modify these forward-looking statements.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

10.1 Amended and Restated Standstill Agreement, dated as of July 16, 2007, by and among PRG-Schultz International, Inc., Blum Capital Partners, L.P. and certain of its affiliates.

[Gexe006]

sieht heute schwer nach AUsbruch aus

[Gexe006]

Here is a synopsis of the last week's best performing Zacks #1 Rank stocks. PRG-Schultz International, Inc. (PRGX) gained 18.6% last week to become one of the top-performing Zacks #1 Rank companies. PRG is a recovery audit firm. Three months ago, analysts were expecting a loss for this year, but now predict a profit. In fact, over the past two months, earnings expectations for the period are up 30%. For its first quarter, PRG-Schultz announced earnings per share of 13 cents, reversing a year-ago loss of approximately $1.60. The result marked a positive surprise of more than 136% over the consensus. Consolidated revenue advanced 2.1% to $66.9 million. The company attributed the quarter's results to its disciplined cost management and its clear focus on clients.

[Gexe006]

PRG-Schultz International, Inc. to Hold Second Quarter 2007 Financial Results Call on August 2
Monday July 30, 4:19 pm ET


ATLANTA--(BUSINESS WIRE)--PRG-Schultz International, Inc. (NASDAQ: PRGX - News), the world's largest recovery audit firm, today announced that the Company will release second quarter 2007 financial results on Wednesday, August 1, 2007, after the market closes. Management will hold a conference call at 8:30 AM (EDT) on Thursday, August 2, 2007 to discuss those results.

[Gexe006]

Press Release Source: PRG-Schultz International, Inc.


PRG-Schultz Announces Second Quarter 2007 Financial Results
Wednesday August 1, 6:40 pm ET


ATLANTA--(BUSINESS WIRE)--PRG-Schultz International, Inc. (Nasdaq:PRGX - News), the world's largest recovery audit firm, today announced its unaudited financial results for the second quarter and six months ended June 30, 2007.
Highlights of Financial Results

Net earnings for the 2007 second quarter were $18.6 million or $2.02 per basic and diluted share, compared to a net loss of $3.6 million, or $(0.62) per basic and diluted share for the same period in 2006. The second quarter 2007 net earnings included a gain on the sale of the Company's Meridian business unit of approximately $19.5 million, earnings from discontinued operations of $0.2 million and a $2.7 million charge for stock-based compensation. The second quarter 2006 net loss included a charge of $0.4 million for stock-based compensation and an operational restructuring charge of $1.6 million.
Adjusted EBITDA for the 2007 second quarter was $8.2 million compared to $5.5 million of adjusted EBITDA for the same period in 2006. The 2007 second quarter adjusted EBITDA is earnings (loss) from continuing operations before interest, taxes, depreciation and amortization (EBITDA) excluding the $2.7 million charge for stock-based compensation. Adjusted EBITDA also does not include the $19.5 million gain on the sale of the Meridian business and the earnings from discontinued operations of $0.2 million. The comparable adjusted EBITDA amount for the second quarter of 2006 excludes from EBITDA for such period the charge of $0.4 million related to stock-based compensation and an operational restructuring charge of $1.6 million. (Schedule 3 attached to this press release provides a reconciliation of net earnings (loss) to each of EBITDA and adjusted EBITDA).
Consolidated revenue for the second quarter of 2007 was $53.3 million, a decrease of 3.3% compared to $55.1 million for the same period in 2006. Cost of Revenue and SG&A expenses combined were $49.4 million for the 2007 second quarter, down 6.3% compared to the same period in 2006.
Net earnings for the first six months of 2007 were $20.1 million or $2.26 per basic and diluted share, which included the gain on the sale of the Meridian business of $19.5 million, earnings from discontinued operations of $0.3 million, and $5.4 million of stock-based compensation expense. This compares to a net loss of $13.9 million, or $(2.27) per basic and diluted share for the same period in 2006, which included earnings from discontinued operations of $1.2 million, a $10.1 million non-cash charge related to the Company's financial restructuring, a charge of $0.7 million related to stock-based compensation, and $2.0 million of restructuring charges.
Adjusted EBITDA for the six months ended June 30, 2007 was $19.1 million compared to $10.4 million of adjusted EBITDA for the same period in 2006. The 2007 adjusted EBITDA excludes the $19.5 million gain on the sale of the Meridian business, earnings from discontinued operations of $0.3 million, and the $5.4 million stock-based compensation charge. The comparable adjusted EBITDA amount for the first six months of 2006 excludes the earnings from discontinued operations of $1.2 million, the non-cash charge of $10.1 million related to the Company's financial restructuring, a charge of $0.7 million related to stock-based compensation, and an operational restructuring charge of $2.0 million.
Consolidated revenue in the first six months of 2007 was $110.3 million compared to $110.9 million for the same period in 2006. Cost of Revenue and SG&A expenses combined were $100.3 million for the first six months of 2007, down 5.9% compared to the same period in 2006.
Liquidity

At June 30, 2007 the Company had cash and cash equivalents of $29.6 million and had no borrowings against its revolving credit facility. Total principal amount of debt outstanding at quarter-end was $108.9 million, a reduction of $21.4 million compared to the debt outstanding at the beginning of the quarter. The reduction in debt during the quarter was the result of the Company's paying off the remaining $15.4 million balance on its term loan and the conversion of $5.9 million principal amount of outstanding Senior Convertible Notes Due 2011 into approximately 903,000 shares of common stock.

Debt outstanding at the end of the second quarter included $51.5 million in principal amount of 11.0% Senior Notes Due 2011, $56.1 million in principal amount of 10.0% Senior Convertible Notes Due 2011, and $1.3 million of capital lease obligations. In addition, the Company had 9.0% Series A preferred stock outstanding at quarter-end with an aggregate liquidation preference of $8.3 million, which is mandatorily redeemable in 2011. The aggregate liquidation preference on the Series A preferred stock decreased by $0.6 million during the quarter, the net result of an increase of $0.2 million from the accretion of unpaid dividends and the conversion of Series A preferred shares representing $0.8 million in liquidation preference into approximately 296,000 shares of common stock.

"We continued our forward momentum during the second quarter, registering our sixth successive quarter of year-over-year increase in adjusted EBITDA," said James B. McCurry, chairman, president and chief executive officer. "During the quarter we reduced our total debt outstanding while increasing our cash on hand, and we sharpened our strategic focus by successfully divesting our Meridian business unit. We also made significant progress in our initiative to pioneer recovery audit in Medicare, with proceeds from our contract to audit Medicare spending in California making an important contribution to our revenue for the quarter."

Second Quarter Earnings Call

As previously announced, management will hold a conference call at 8:30 AM (EDT) tomorrow to discuss its 2007 second quarter and first half financial results. Please use the following Internet link to pre-register and view important information about this conference call. Pre-registering is not required but is recommended as it will provide registered listeners with immediate entry into the call and will facilitate the timely start of the conference. Pre-registration only takes a few minutes and may be done at anytime, including up to and after the call start time. To pre-register, please click PRGX Q2 2007 Conference Call Pre-Registration or go to https://www.theconferencingservice.com/prereg/key.process?ke… PP6FGWMW4. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

As an alternative to Internet pre-registration, listeners in the U.S. and Canada may be placed into the call by an operator, by dialing [phone] at least 5 minutes prior to the start of the conference. Listeners outside the U.S. and Canada should dial 617-213-4863. To be admitted to the call, listeners should use passcode 57935336. A replay of the call will be available one hour after the conclusion of the live call, extending through August 31, 2007. To directly access the replay, dial [phone] (U.S. and Canada) or 617-801-6888 (outside the U.S. and Canada). The passcode for the replay is 31282757.

This teleconference will also be audiocast on the Internet at www.prgx.com (click on "(NASDAQ: PRGX - News)" under "Investor Relations") or click PRGX Investor Relations. A replay of the audiocast will be available at the same location beginning one hour after the conclusion of the live audiocast, extending through August 31, 2007. Please note that the Internet audiocast is "listen-only." Microsoft Windows Media Player is required to access the live audiocast and the replay and can be downloaded from http://www.microsoft.com/windows/windowsmedia/download

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing 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.

Non-GAAP Financial Measures

EBITDA and adjusted EBITDA are both "non-GAAP financial measures" presented as supplemental measures of our performance. They are not presented in accordance with accounting principles generally accepted in the United States, or GAAP. Management uses these measures in evaluating the Company's financial performance and believes that providing investors with this information provides greater transparency and insight into management's assessment and analysis of that performance. Additionally, rating agencies and a number of lenders, including the Company's secured lenders, use measures similar to EBITDA and adjusted EBITDA to assess the Company's performance. However, EBITDA and adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under GAAP. In evaluating EBITDA and adjusted EBITDA, you should be aware that, as described above, the adjustments may vary from period to period and in the future we will incur expenses such as those used in calculating these measures. Our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Schedule 3 provides a reconciliation of net earnings (loss) to each of EBITDA and adjusted EBITDA.

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 Company's financial condition and liquidity, the existence and continuation of the Company's forward momentum, the sharpening of the Company's strategic focus, and the Company's significant progress in its initiative to pioneer recovery audit in Medicare. 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 the Company's ability to retain personnel, Medicare audit revenues that do not meet expectations or justify costs incurred, the Company's ability to replace the declining revenues from its core accounts payable services, changes in the market for the Company's services, 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 and the success of its restructuring plan, please see the Company's filings with the Securities and Exchange Commission, including its Form 10-K filed on March 23, 2007. The Company disclaims any obligation or duty to update or modify these forward-looking statements.

SCHEDULE 1
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Amounts in thousands, except per share data)
(Unaudited)


Three Months Six Months
Ended June 30, Ended June 30,
----------------- ------------------
2007 2006 2007 2006
-------- -------- -------- ---------

Revenues $53,315 $55,141 $110,345 $110,856
Cost of revenues 34,872 39,943 72,113 79,723
-------- -------- -------- ---------
Gross margin 18,443 15,198 38,232 31,133

Selling, general and
administrative expenses 14,486 12,737 28,168 26,803
Operational restructuring expenses - 1,580 - 1,988
-------- -------- -------- ---------

Operating income 3,957 881 10,064 2,342

Interest expense, net 4,749 4,292 8,890 6,859
Loss on financial restructuring - - - 10,129
-------- -------- -------- ---------

Earnings (loss) from continuing
operations before income taxes
and discontinued operations (792) (3,411) 1,174 (14,646)

Income taxes 344 190 875 454
-------- -------- -------- ---------

Earnings (loss) from continuing
operations before
discontinued operations (1,136) (3,601) 299 (15,100)

Discontinued operations:
Operating income, net of taxes 227 196 315 916
Gain (loss) on disposal 19,460 (240) 19,460 245
-------- -------- -------- ---------
Earnings (loss) from
discontinued operations, net of
taxes 19,687 (44) 19,775 1,161
-------- -------- -------- ---------

Net earnings
(loss) $18,551 $(3,645) $ 20,074 $(13,939)
======== ======== ======== =========


Basic and diluted earnings (loss)
per common share:
Earnings (loss) from continuing
operations $ (0.15) $ (0.61) $ 0.00 $ (2.45)
Earnings (loss) from discontinued
operations 2.17 (0.01) 2.26 0.18
-------- -------- -------- ---------
Net earnings
(loss) $ 2.02 $ (0.62) $ 2.26 $ (2.27)
======== ======== ======== =========



Weighted average common shares
outstanding:
Basic 9,093 6,388 8,733 6,300
======== ======== ======== =========
Diluted 9,093 6,388 8,733 6,300
======== ======== ======== =========


Certain reclassifications have been made to the 2006
amounts to conform to the presentation in 2007.
These reclassifications include the presentation of
the Meridian reporting segment as discontinued
operations.

SCHEDULE 2
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Amounts in thousands)
(Unaudited)



June 30, December 31,
2007 2006
----------------------
ASSETS
Current assets:
Cash and cash equivalents $ 29,582 $ 30,228
Restricted cash 175 139
Receivables:
Contract receivables 36,399 39,703
Employee advances and miscellaneous
receivables 370 2,534
----------------------
Total receivables 36,769 42,237

Prepaid expenses and other current assets 3,105 2,092
Current assets of discontinued operations 2,031 52,320
----------------------
Total current assets 71,662 127,016

Property and equipment 7,533 8,810
Goodwill 4,600 4,600
Intangible assets 22,369 23,062
Other assets 8,269 11,058
Noncurrent assets of discontinued operations - 4,121
----------------------
Total assets $ 114,433 $ 178,667
======================


LIABILITIES AND SHAREHOLDERS' EQUITY
(DEFICIT)
Current liabilities:
Current portions of debt obligations $ 581 $ 750
Accounts payable and accrued expenses 19,149 17,959
Accrued payroll and related expenses 25,572 37,224
Refund liabilities and deferred revenue 10,567 10,657
Current liabilities of discontinued operations - 55,208
----------------------
Total current liabilities 55,869 121,798

Senior notes 44,464 43,796
Senior convertible notes 60,491 68,030
Other debt obligations 719 25,096
Noncurrent compensation obligations 8,824 5,859
Other long-term liabilities 7,136 7,372
----------------------
Total liabilities 177,503 271,951
----------------------

Mandatorily redeemable participating preferred
stock 8,254 11,199

Shareholders' equity (deficit):
Common stock 105 84
Additional paid-in capital 525,939 513,920
Accumulated deficit (552,074) (571,818)
Accumulated other comprehensive income 3,416 2,041
Treasury stock at cost (48,710) (48,710)
----------------------
Total shareholders' equity (deficit) (71,324) (104,483)
----------------------

Total liabilities and shareholders'
equity (deficit) $ 114,433 $ 178,667
======================


2006 balances have been reclassified to present
the assets and liabilities of the Meridian
reporting segment as those of discontinued
operations. Meridian was sold in May 2007.

SCHEDULE 3
PRG-Schultz International, Inc. and Subsidiaries
Reconciliation of Net Earnings (Loss) to EBITDA and Adjusted EBITDA
(Amounts in thousands)
(Unaudited)


Three Months Six Months
Ended June 30, Ended June 30,
----------------- -----------------
2007 2006 2007 2006
-------- -------- ------- ---------

Reconciliation of net earnings
(loss) to EBITDA and to Adjusted
EBITDA:
-----------------------------------

Net earnings (loss) $18,551 $(3,645) $20,074 $(13,939)

Adjust for:
Earnings (loss) from discontinued
operations 19,687 (44) 19,775 1,161
-------- -------- ------- ---------

Earnings (loss) from continuing
operations (1,136) (3,601) 299 (15,100)

Adjust for:
Income taxes 344 190 875 454
Interest 4,749 4,292 8,890 6,859
Loss on financial restructuring - - - 10,129
Depreciation and amortization 1,553 2,672 3,564 5,339
-------- -------- ------- ---------

EBITDA 5,510 3,553 13,628 7,681
-------- -------- ------- ---------

Operational restructuring expenses - 1,580 - 1,988
Stock-based compensation 2,695 367 5,429 734
-------- -------- ------- ---------

Adjusted EBITDA $ 8,205 $ 5,500 $19,057 $ 10,403
======== ======== ======= =========



EBITDA and adjusted EBITDA are both "non-GAAP financial measures"
presented as supplemental measures of our performance. They are not
presented in accordance with accounting principles generally accepted
in the United States, or GAAP. Management uses these measures in
evaluating the Company's financial performance and believes that
providing investors with this information provides greater
transparency and insight into management's assessment and analysis of
that performance. Additionally, rating agencies and a number of
lenders, including the Company's secured lenders, use measures
similar to EBITDA and adjusted EBITDA to assess the Company's
performance. However, EBITDA and adjusted EBITDA have limitations as
analytical tools, and you should not consider them in isolation, or
as substitutes for analysis of our results as reported under GAAP. In
evaluating EBITDA and adjusted EBITDA, you should be aware that, as
described above, the adjustments may vary from period to period and
in the future we will incur expenses such as those used in
calculating these measures. Our presentation of these measures should
not be construed as an inference that our future results will be
unaffected by unusual or nonrecurring items.

SCHEDULE 4
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
(Unaudited)


Three Months Six Months
Ended June 30, Ended June 30,
------------------- -------------------
2007 2006 2007 2006
---------- -------- --------- ---------
Cash flows from operating
activities:

Net earnings (loss) $ 18,551 $(3,645) $ 20,074 $(13,939)
Earnings (loss) from
discontinued operations 19,687 (44) 19,775 1,161
---------- -------- --------- ---------
Earnings (loss) from
continuing operations (1,136) (3,601) 299 (15,100)
Adjustments to reconcile
earnings (loss) from
continuing
operations to net cash
provided by (used in)
operations:
Loss on financial
restructuring - - - 10,129
Depreciation and
amortization 1,553 2,672 3,564 5,339
Stock-based compensation
expense 2,695 367 5,429 734
Amortization of debt
discounts and deferred
costs 1,511 333 2,003 578
(Increase) decrease in
receivables 750 (510) 6,939 11,753
Increase (decrease) in
accounts payable, accrued
payroll and other accrued
expenses 4,676 149 (10,639) (8,073)
Other, primarily changes in
assets and liabilities (1,621) (50) (1,158) 982
---------- -------- --------- ---------
Net cash provided by
(used in) operating
activities 8,428 (640) 6,437 6,342
---------- -------- --------- ---------

Cash flows from investing
activities - purchases of
property and
equipment, net of disposals (781) (156) (1,139) (408)
---------- -------- --------- ---------

Net cash provided by (used in)
financing activities (15,586) - (25,369) (831)
---------- -------- --------- ---------

Cash flows from discontinued
operations 19,152 (218) 19,069 723
---------- -------- --------- ---------

Effect of exchange rates on
cash and cash equivalents 168 970 356 1,030
---------- -------- --------- ---------

Net increase (decrease)
in cash and cash
equivalents 11,381 (44) (646) 6,856

Cash and cash equivalents at
beginning of period 18,201 15,261 30,228 8,361
---------- -------- --------- ---------

Cash and cash equivalents at
end of period $ 29,582 $15,217 $ 29,582 $ 15,217
========== ======== ========= =========



Contact:
PRG-Schultz International, Inc.
Peter Limeri, 770-779-6464

--------------------------------------------------------------------------------
Source: PRG-Schultz International, Inc.

[Gexe006]

Press Release Source: PRG-Schultz International, Inc.


ADDING and REPLACING PRG-Schultz Announces Third Quarter 2007 Financial Results
Monday October 29, 7:40 pm ET


ATLANTA--(BUSINESS WIRE)--Please add the Schedule 4, PRG-Schultz International, Inc. and Subsidiaries, Condensed Consolidated Statements of Cash Flows to the end of the release.
The corrected release reads:


PRG-SCHULTZ ANNOUNCES THIRD QUARTER 2007 FINANCIAL RESULTS

PRG-Schultz International, Inc. (NASDAQ: PRGX - News), the world's largest recovery audit firm, today announced its unaudited financial results for the third quarter and nine months ended September 30, 2007.

Highlights of Financial Results


Net loss for the 2007 third quarter was $3.0 million or $(0.31) per basic and diluted share, compared to a net loss of $4.2 million, or $(0.69) per basic and diluted share for the same period in 2006. The third quarter 2007 net loss included a $6.9 million charge for stock-based compensation, most of which resulted from the issuance of additional performance units in accordance with the anti-dilution provisions of the Company’s 2006 Management Incentive Plan. The net loss also included an operational restructuring charge of $1.6 million related to the Company’s successful sub-leasing and exit of approximately 25% of its headquarters office space. The third quarter 2006 net loss included earnings from discontinued operations of $0.7 million, an operational restructuring charge of $0.2 million and a charge of $4.1 million for stock-based compensation.
Adjusted EBITDA for the 2007 third quarter was $10.7 million compared to $7.2 million of adjusted EBITDA for the same period in 2006. The 2007 third quarter adjusted EBITDA is earnings (loss) from continuing operations before interest, taxes, depreciation and amortization (EBITDA) excluding the $1.6 million operational restructuring charge related to the exit of a portion of its headquarters office space and the $6.9 million charge for stock-based compensation. The comparable adjusted EBITDA amount for the third quarter of 2006 excludes from EBITDA for such period the charge of $4.1 million related to stock-based compensation and the operational restructuring charge of $0.2 million. (Schedule 3 attached to this press release provides a reconciliation of net earnings (loss) to each of EBITDA and adjusted EBITDA).
Consolidated revenue for the third quarter of 2007 was $53.2 million, a decrease of 2.9% compared to $54.8 million for the same period in 2006. Cost of revenue and SG&A expenses combined were $51.1 million for the 2007 third quarter, down 5.7% compared to the same period in 2006.
Net earnings for the first nine months of 2007 were $17.1 million or $1.80 per basic and diluted share, which included the previously announced gain on the sale of the Meridian business of $19.5 million, earnings from discontinued operations of $0.3 million, the $1.6 million lease exit restructuring charge and $12.3 million of stock-based compensation expense which was also mostly attributable to the anti-dilution provisions of the Company’s 2006 Management Incentive Plan. This compares to a net loss of $18.2 million, or $(2.95) per basic and diluted share for the same period in 2006, which included earnings from discontinued operations of $1.9 million, a $10 million non-cash charge related to the Company’s March 2006 financial restructuring, a charge of $4.8 million related to stock-based compensation, and $2.1 million of operational restructuring charges.
Adjusted EBITDA for the nine months ended September 30, 2007 was $29.8 million compared to $17.6 million of adjusted EBITDA for the same period in 2006. The 2007 adjusted EBITDA excludes the $19.5 million gain on the sale of the Meridian business, earnings from discontinued operations of $0.3 million, the $1.6 million lease exit restructuring charge and the $12.3 million of stock-based compensation charges. The comparable adjusted EBITDA amount for the first nine months of 2006 excludes the earnings from discontinued operations of $1.9 million, the non-cash charge of $10 million related to the Company’s financial restructuring, the charge of $4.8 million related to stock-based compensation, and the operational restructuring charge of $2.1 million.
Consolidated revenue in the first nine months of 2007 was $163.6 million compared to $165.7 million for the same period in 2006. Cost of Revenue and SG&A expenses combined were $151.4 million for the first nine months of 2007, down 5.8% compared to the same period in 2006.
Liquidity

At September 30, 2007 the Company had cash and cash equivalents of $27.8 million and had no borrowings against its revolving credit facility. As recently announced, on October 4, 2007 the Company completed the redemption of its 11% Senior Notes and its 10% Senior Convertible Notes and on October 19, 2007 completed the redemption of its Series A Convertible Preferred Stock. As a result of the call for redemption, virtually all of the convertible securities were converted into shares of PRG-Schultz common stock.

Following the completion of the conversions and redemptions, the Company has approximately 21.5 million shares of common stock outstanding, a $45 million term loan due September 2011 and cash and cash equivalents exceeding $20 million.

“We are pleased to report another quarter of significant progress,” said James B. McCurry, chairman, president and chief executive officer. “We registered our seventh successive quarter of year-over-year increase in adjusted EBITDA, while continuing to build our capabilities in new areas of recovery audit, and in providing new services, beyond recovery audit, to our existing client base.”

Third Quarter Earnings Call

As previously announced, management will hold a conference call at 8:30 AM (EDT) tomorrow to discuss its 2007 third quarter and year-to-date financial results. To access the conference call, listeners in the U.S. and Canada should dial 1-888-713-4213 at least 5 minutes prior to the start of the conference. Listeners outside the U.S. and Canada should dial 617-213-4865. To be admitted to the call, listeners should use passcode 93451143. A replay of the call will be available one hour after the conclusion of the live call, extending through November 30, 2007. To directly access the replay, dial 1-888-286-8010 (U.S. and Canada) or 617-801-6888 (outside the U.S. and Canada). The passcode for the replay is 96844003.

This teleconference will also be audiocast on the Internet at www.prgx.com (click on (NASDAQ: PRGX)” under “Investor Relations”) or click PRGX Investor Relations. A replay of the audiocast will be available at the same location beginning one hour after the conclusion of the live audiocast, extending through November 30, 2007. Please note that the Internet audiocast is "listen-only." Microsoft Windows Media Player is required to access the live audiocast and the replay and can be downloaded from http://www.microsoft.com/windows/windowsmedia/download.

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing 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.

Non-GAAP Financial Measures

EBITDA and adjusted EBITDA are both "non-GAAP financial measures" presented as supplemental measures of our performance. They are not presented in accordance with accounting principles generally accepted in the United States, or GAAP. Management uses these measures in evaluating the Company’s financial performance and believes that providing investors with this information provides greater transparency and insight into management’s assessment and analysis of that performance. Additionally, rating agencies and a number of lenders, including the Company’s secured lenders, use measures similar to EBITDA and adjusted EBITDA to assess the Company’s performance. However, EBITDA and adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under GAAP. In evaluating EBITDA and adjusted EBITDA, you should be aware that, as described above, the adjustments may vary from period to period and in the future we will incur expenses such as those used in calculating these measures. Our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Schedule 3 provides a reconciliation of net earnings (loss) to each of EBITDA and adjusted EBITDA.

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 Company’s financial condition and liquidity, the existence and continuation of the Company’s significant progress, the building of capabilities in new areas of recovery audit, and the Company’s progress in providing new services. 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 the Company’s ability to attract and retain personnel, Medicare audit revenues that do not meet expectations or justify costs incurred, the Company’s ability to replace the declining revenues from its core accounts payable services, changes in the market for the Company’s services, 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 and the success of its restructuring plan, please see the Company’s filings with the Securities and Exchange Commission, including its Form 10-K filed on March 23, 2007. The Company disclaims any obligation or duty to update or modify these forward-looking statements.



SCHEDULE 1
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Amounts in thousands, except per share data)
(Unaudited)


Three Months Nine Months
Ended September 30, Ended September 30,
2007 2006 2007 2006

Revenues $ 53,207 $ 54,830 $ 163,552 $ 165,686
Cost of revenues 33,511 37,531 105,624 117,254
Gross margin 19,696 17,299 57,928 48,432

Selling, general and administrative expenses 17,562 16,605 45,730 43,408
Operational restructuring expenses 1,644 153 1,644 2,141

Operating income 490 541 10,554 2,883

Interest expense, net 3,133 5,278 12,023 12,137
Loss on financial restructuring - (82 ) - 10,047


Earnings (loss) from continuing operations before income taxes and discontinued operations
(2,643 ) (4,655 ) (1,469 ) (19,301 )

Income taxes 337 306 1,212 760


Earnings (loss) from continuing operations before discontinued operations
(2,980 ) (4,961 ) (2,681 ) (20,061 )

Discontinued operations:
Operating income, net of taxes (11 ) 727 304 1,643
Gain (loss) on disposal - - 19,460 245
Earnings (loss) from discontinued operations, net of taxes (11 ) 727 19,764 1,888

Net earnings (loss)

$ (2,991 ) $ (4,234 ) $ 17,083 $ (18,173 )


Basic and diluted earnings (loss) per common share:
Earnings (loss) from continuing operations $ (0.31 ) $ (0.80 ) $ (0.34 ) $ (3.24 )
Earnings (loss) from discontinued operations - 0.11 2.14 0.29
Net earnings (loss)

$ (0.31 ) $ (0.69 ) $ 1.80 $ (2.95 )



Weighted average common shares outstanding:
Basic 10,275 6,575 9,247 6,391
Diluted 10,275 6,575 9,247 6,391

Certain reclassifications have been made to the 2006 amounts to conform to the presentation in 2007.

These reclassifications include the presentation of the Meridian reporting segment as discontinued operations.



SCHEDULE 2
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Amounts in thousands)
(Unaudited)


September 30, December 31,
2007 2006
ASSETS
Current assets:
Cash and cash equivalents $ 27,757 $ 30,228
Restricted cash 242 139
Receivables:
Contract receivables 39,993 39,703
Employee advances and miscellaneous receivables 355 2,534
Total receivables 40,348 42,237

Prepaid expenses and other current assets 3,007 2,092
Current assets of discontinued operations 2,152 52,320
Total current assets 73,506 127,016

Property and equipment 7,151 8,810
Goodwill 4,600 4,600
Intangible assets 21,770 23,062
Other assets 8,301 11,058
Noncurrent assets of discontinued operations - 4,121
Total assets $ 115,328 $ 178,667


LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Current portions of debt obligations $ 477 $ 750
Accounts payable and accrued expenses 14,183 17,959
Accrued payroll and related expenses 27,578 37,224
Refund liabilities and deferred revenue 10,437 10,657
Current liabilities of discontinued operations - 55,208
Total current liabilities 52,675 121,798

Senior notes 44,812 43,796
Senior convertible notes 28,216 68,030
Other debt obligations 647 25,096
Noncurrent compensation obligations 10,704 5,859
Other long-term liabilities 7,643 7,372
Total liabilities 144,697 271,951

Mandatorily redeemable participating preferred stock 6,481 11,199

Shareholders' equity (deficit):
Common stock 158 84
Additional paid-in capital 563,211 513,920
Accumulated deficit (555,065 ) (571,818 )
Accumulated other comprehensive income 4,556 2,041
Treasury stock at cost (48,710 ) (48,710 )
Total shareholders' equity (deficit) (35,850 ) (104,483 )

Total liabilities and shareholders' equity (deficit) $ 115,328 $ 178,667


2006 balances have been reclassified to present the assets and liabilities of the Meridian reporting segment as those of discontinued operations. Meridian was sold in May 2007.


SCHEDULE 3
PRG-Schultz International, Inc. and Subsidiaries
Reconciliation of Net Earnings (Loss) to EBITDA and Adjusted EBITDA
(Amounts in thousands)
(Unaudited)


Three Months Nine Months
Ended September 30, Ended September 30,
2007 2006 2007 2006
Reconciliation of net earnings (loss) to EBITDA and to Adjusted EBITDA:


Net earnings (loss) $ (2,991 ) $ (4,234 ) $ 17,083 $ (18,173 )

Adjust for:
Earnings (loss) from discontinued operations (11 ) 727 19,764 1,888

Earnings (loss) from continuing operations (2,980 ) (4,961 ) (2,681 ) (20,061 )

Adjust for:
Income taxes 337 306 1,212 760
Interest 3,133 5,278 12,023 12,137
Loss on financial restructuring - (82 ) - 10,047
Depreciation and amortization 1,699 2,394 5,263 7,733

EBITDA 2,189 2,935 15,817 10,616

Operational restructuring expenses 1,644 153 1,644 2,141
Stock-based compensation 6,886 4,101 12,315 4,835

Adjusted EBITDA $ 10,719 $ 7,189 $ 29,776 $ 17,592


EBITDA and adjusted EBITDA are both "non-GAAP financial measures" presented as supplemental measures of our performance. They are not presented in accordance with accounting principles generally accepted in the United States, or GAAP. Management uses these measures in evaluating the Company’s financial performance and believes that providing investors with this information provides greater transparency and insight into management’s assessment and analysis of that performance. Additionally, rating agencies and a number of lenders, including the Company’s secured lenders, use measures similar to EBITDA and adjusted EBITDA to assess the Company’s performance. However, EBITDA and adjusted EBITDA have limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under GAAP. In evaluating EBITDA and adjusted EBITDA, you should be aware that, as described above, the adjustments may vary from period to period and in the future we will incur expenses such as those used in calculating these measures. Our presentation of these measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items.



SCHEDULE 4
PRG-Schultz International, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
(Unaudited)


Three Months Nine Months
Ended September 30, Ended September 30,
2007 2006 2007 2006
Cash flows from operating activities:

Net earnings (loss) $ (2,991 ) $ (4,234 ) $ 17,083 $ (18,173 )
Earnings (loss) from discontinued operations (11 ) 727 19,764 1,888
Earnings (loss) from continuing operations (2,980 ) (4,961 ) (2,681 ) (20,061 )
Adjustments to reconcile earnings (loss) from continuing operations to net cash provided by (used in) operations:

Loss on financial restructuring - (82 ) - 10,047
Depreciation and amortization 1,699 2,394 5,263 7,733
Stock-based compensation expense 6,886 4,101 12,315 4,835
Amortization of debt discounts and deferred costs 448 552 2,451 1,130
(Increase) decrease in receivables (3,040 ) (2,398 ) 3,899 9,355
Increase (decrease) in accounts payable, accrued payroll and other accrued expenses
(3,218 ) 990 (13,857 ) (7,083 )
Other, primarily changes in assets and liabilities 666 195 (492 ) 1,177
Net cash provided by (used in) operating activities
461 791 6,898 7,133

Cash flows from investing activities - purchases of property and equipment, net of disposals
(1,033 ) (358 ) (2,172 ) (766 )

Net cash provided by (used in) financing activities (1,700 ) - (27,069 ) (831 )

Cash flows from discontinued operations (125 ) (264 ) 18,944 459

Effect of exchange rates on cash and cash equivalents 572 (103 ) 928 927

Net increase (decrease) in cash and cash equivalents (1,825 ) 66 (2,471 ) 6,922

Cash and cash equivalents at beginning of period 29,582 15,217 30,228 8,361

Cash and cash equivalents at end of period $ 27,757 $ 15,283 $ 27,757 $ 15,283




Contact:
PRG-Schultz International, Inc.
Peter Limeri, 770-779-6464

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Source: PRG-Schultz International, Inc.

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