January 7, 2005
FOR IMMEDIATE RELEASE

PRG-Schultz and Ryan & Company Strengthen Recovery Offering with Strategic Alliance.

Atlanta and Dallas, January 7, 2005 - PRG-Schultz International, Inc. (NASDAQ: PRGX), the world's largest audit recovery firm, and Ryan & Company, Inc. (Ryan & Company), the nation's largest independent state and local tax consulting firm, announced today that the two companies have entered into a strategic alliance designed to enhance the cost saving and recovery benefits that each company offers its clients.

Through this alliance, PRG-Schultz will combine the global strength of its leading profit improvement company with Ryan & Company's dedicated focus on state and local tax consulting. PRG-Schultz clients will continue to receive specialized recovery audit services, with the opportunity to benefit from Ryan & Company's best-of-class state and local tax consulting services, including tax recovery, audit defense, tax incentives and credits, tax technology, and strategic planning services primarily in the areas of sales and use; property; franchise, gross receipts, severance, and income taxes. Similarly, Ryan & Company's clients who do not already work with PRG-Schultz to recover overpayments will have access to PRG-Schultz's leading audit recovery services.

"With their expertise in recovering significant tax dollars for their clients, Ryan & Company is an ideal partner for PRG-Schultz," said Jim Benjamin, Executive Vice President, PRG-Schultz, U.S. Business Operations. "By combining our profit improvement capabilities with Ryan & Company's state and local tax expertise, we significantly enhance our product and service offerings and help ensure that our clients do not overpay taxes in any area of their businesses."

"We are pleased to team with PRG-Schultz, the world's leading profit improvement and recovery company," said G. Brint Ryan, Managing Principal, Ryan & Company. "PRG-Schultz shares the commitment and dedication to client service that is the foundation of Ryan & Company. We look forward to offering PRG-Schultz's profit improvement and recovery services to our clients, while supplementing these leading service offerings in the state and local tax area."

About Ryan & Company
Ryan & Company is America's largest independent state and local tax consulting firm. Headquartered in Dallas, Texas, the firm provides a comprehensive range of state and local tax services on a multistate basis, including audit defense, tax recovery, tax decision automation, dispute resolution, and strategic planning. With more than 370 professionals and associates in 17 locations throughout the United States, Ryan & Company serves many of the world's most prominent Fortune 1000 companies. For more information, visit www.ryanco.com.

About PRG-Schultz International, Inc.
Headquartered in Atlanta, Georgia, PRG-Schultz International, Inc. (PRG-Schultz) is the world's leading provider of profit improvement services. PRG-Schultz employs approximately 2,900 employees, providing clients in over 40 countries with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client invoices, purchase orders, receiving documents, databases, and correspondence files to recover lost profits due to overpayments or under-deductions. PRG-Schultz is retained on a pay-for-performance basis, receiving a percentage of each dollar recovered. For more information, visit http://www.prgx.com.

PRESS INFORMATION CONTACT:

Mark Pitts
Senior Vice President, Business Development
PRG-Schultz
Phone: 770.779.6528

G. Brint Ryan
Ryan & Company, Inc.
Phone: 972.934.0022
Fax: 972.960.0613
Email: brint.ryan@ryanco.com

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