PRGX Global, Inc. Announces Commencement of Common Stock Public Offering

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ATLANTA, Nov. 27, 2012 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (the "Company") (Nasdaq:PRGX), the world's leading provider of recovery audit services and the pioneer in Profit Discovery™, today announced that it has commenced a public offering of 6,249,234 shares of its common stock, consisting of 2,500,000 shares to be sold by the Company and 3,749,234 shares to be sold by certain selling shareholders. William Blair & Company, L.L.C. and Robert W. Baird & Co. Incorporated are serving as joint book-running managers of the public offering, and Barrington Research Associates, Inc. and B. Riley & Co., LLC are serving as co-managers of the public offering. The Company intends to grant the underwriters a 30-day option to purchase up to an additional 937,385 shares at the public offering price, less the underwriting discount, to cover over-allotments, if any.

The Company intends to use the net proceeds from the public offering for working capital and general corporate purposes, including potential acquisitions. The Company will not receive any proceeds from the sale of shares of its common stock by the selling shareholders.

The offering will only be made pursuant to a prospectus supplement to the prospectus filed with the Securities and Exchange Commission (the "SEC") as a part of the Company's effective shelf registration statements on Form S-3 (File Nos. 333-171986 and 333-185027). Prospective investors in the public offering should read the prospectus supplement and accompanying prospectus for the public offering and the other documents incorporated therein by reference that the Company has filed with the SEC for more complete information about the Company and the public offering. Investors can obtain these documents without charge on the SEC website at Alternatively, copies of the prospectus supplement for the public offering and the prospectus relating to the public offering can be obtained from William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, Illinois 60606, or by calling toll-free 1-800-621-0687.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About PRGX Global, Inc.

Headquartered in Atlanta, Georgia, PRGX Global, Inc. is the world's leading provider of recovery audit services. With over 1,600 employees, the Company operates and serves clients in more than 30 countries and provides its services to over 75% of the top 30 global retailers. PRGX is also pioneering Profit Discovery™, a unique combination of audit, analytics and advisory services that improves client financial performance. For additional information, please visit PRGX at

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release we make forward-looking statements about our ability to raise capital, the amount of capital we intend to raise and our intended use of that capital. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the Company's filings with the SEC. You should not place undue reliance on forward-looking statements and the Company undertakes no obligation to update any such statements to reflect circumstances or events that occur after the dates on which the forward-looking statements are made.

CONTACT: PRGX Global, Inc. Phone: 770-779-3011

Source:PRGX Global, Inc.