PRG Group, Inc. (PINKSHEETS: PRGJ) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, a holding company for PRG Systems Inc. and Prime Communications Inc., issued a press release Thursday after the markets closed, announcing first quarter 2007 sales revenue of $1.4 million, an increase of $634,000 (83%) over Q1 2006 revenue of $764,000. Similar percentage increases are anticipated throughout 2007.
Great news for PRGJ investors! "The majority of sales this profitable quarter were in the healthcare and industry sectors, but PRG will also target small to medium scale businesses in the coming quarters," said Uma Pandey, PRG Group CEO. "This is an exciting time for the company, and with each goal on the agenda, we will keep our shareholders informed of our progress and successes." PRG Group will release a 2007-2008 forecast by early August.
This is certainly another company for investors to watch closely! The company announced last week, that that gross revenues for fiscal year 2006 were $3,884,957, an increase of $1,396,242 (58%) over fiscal 2005.
Recently there have been several press releases issued that should excite its investors. Several sources are beginning to spread the word about PRG Group. Yesterday OTCPicks.com, announced that the firm has initiated Profile Coverage. Tuesday, the company announced that it had received front page coverage from NJBiz.com, after announcing the intention to acquire New Jersey public safety start-up LOCATUM.
This intended acquisition could generate a lot of excitement. LOCATUM's primary product is a database retrieval system for first responders that provides critical information before arrival at a crisis scene, including building architectural plans. Electronic access to building plans would enable police and rescue to know the best route by which to reach persons in crisis before presence at the building. Representative buildings for the system include schools, health care facilities, public sector buildings, private apartments, office buildings and even residential housing.
"In a time of global terrorism, school shootings and natural disasters, being able to effectively see inside a building without being there could easily be the difference between life and death," said Uma Pandey, CEO of PRG Group. "The potential for LOCATUM's success speaks for itself, and we hope to secure the acquisition quickly."
PRG Group intends to secure the acquisition by issuance of restricted shares.
Before the news was released, the stock closed Thursday at Thirty Six cents a share.
For Stock Market Alerts' in-depth profile of PRG Group, visit http://www.wallstreetenews.com/HotStocks/PRGJ062107/default.aspx
PRG Group, Inc. is a holding company for PRG Systems Inc. and Prime Communications that have lines of businesses in the following areas: Consulting, Managed Services, Equipment, Network Services and Research & Development. PRG Group subsidiaries provide leading edge business support processes, technology and software to companies seeking to improve their cost structure, productivity and system efficiency. PRG Group has been recognized as a leader in designing integrated solutions for small, medium and large businesses.
Other Stocks of interest yesterday were:
Citigroup Inc. (NYSE: C) up 0.4% on 16.6 million shares traded. Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.
Maxim Integrated Products (NASDAQ: MXIM) up 3.6% on 10.5 million shares traded. Maxim Integrated Products is a leading international supplier of quality analog and mixed-signal products for applications that require real world signal processing.
Avaya Inc. (NYSE: AV) up 0.5% on 9.2 million shares traded. Avaya delivers Intelligent Communications solutions that help companies transform their businesses to achieve marketplace advantage. More than 1 million businesses worldwide, including more than 90 percent of the FORTUNE 500®, use Avaya solutions for IP Telephony, Unified Communications, Contact Centers and Communications-Enabled Business Processes.
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