PRGXD Prg-Schultz International Inc. (MM)

PRG-Schultz International, Inc. (Nasdaq: PRGXD), the world's largest recovery audit firm, today announced that it received a letter from Nasdaq informing the Company that the Nasdaq Listing Qualifications Panel has determined that the Company is in compliance with Nasdaq's Marketplace Rules. The Panel granted the Company's request for continued listing of its common stock on The Nasdaq Global Market. The determination follows a hearing before the Panel held on August 3, 2006 at which the Company presented its plan of compliance. 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, including statements regarding the Company's continued listing on Nasdaq. Such forward looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors. In particular, there can be no assurance that the Company's stock price will remain above $1.00 or that the Company will continue to satisfy Nasdaq's additional continued listing requirements. The Company disclaims any obligation or duty to update or modify these forward-looking statements.