I think we talked briefly about this company...and no, I certainly am not pumping it and in fact will go right ahead and state that like all penny stocks, it is a 100% gamble....it does have nice fundamentals for a penny stock, but that still does not guarantee sucess by any means....some of the things I like and why I think it is worth the gamble :
MSFT Gold Certified Partner ( and of course msft has some money invested in them as well<g>)
They get alot of support and business from MSFT.
MSFT trusts this company to do projects for MANY fortune 500/1000 companies. Do some DD and see a list of their customers...quite an impressive list.
Legit biz, not run out of somebodies basement<g>, with actual real revenue coming in.
Gap to .25 is on the technical charts, still yet to fill.
An institution recently initiated coverage ( forgot who, but it's all in the news timeline) and rated PJTG a "Speculative BUY"
Insiders recently decided to lock up something like 25 million shares for 2 years...meaning, they cannot sell those shares for 2 years...I would suspect insiders have a good grasp on what their business is doing. I would think they would have sold those shares yesterday had they thought biz was not good and future prospects looked bleak. By locking those shares voluntarily, it would seem obvious the insiders believe those shares will be higher, not lower in 2 years.....
Lots of more good stuff if you do DD, but again, none of the above guarantees success at all, so anybody interested in this company, please do your own dd and make your own educated decisions after doing so.
<<The Project Group Earns New Work Order from Microsoft -To Support One of the Largest Automobile Manufacturers in the World-
Wednesday January 26, 6:44 am ET
HOUSTON--(BUSINESS WIRE)--Jan. 26, 2005--The Project Group, Inc. (OTCBB:PJTG - News), a project management and collaboration company that provides enterprise-level business solutions, announced today that Microsoft Consulting Services (Nasdaq:MSFT - News) awarded the Company a work order to provide an additional $202,000 in services. Work on the project started in January.
As part of the agreement, the Project Group provides to one of the largest automobile manufacturers in the world support for Microsoft initiatives- focusing primarily on Project Management using Microsoft Project Server software. As a Microsoft Gold Certified Partner, this contract is one of several received by The Project Group to date, with Microsoft work orders already totaling nearly $1 million for work in 2005.
"We are pleased to provide support services for another of Microsoft's largest clients, which validates the quality of services we are providing. These orders contribute to one of the largest backlogs we have ever accumulated and confirmation of our strategy centered around project management, collaboration, and business intelligence that the Board established in the past year," said William H. Moebius, Chairman of The Project Group.
About The Project Group
The Project Group (OTCBB:PJTG - News) is a Microsoft Gold Certified Partner in Business Intelligence and Information Worker Solutions, specializing in project management and collaboration, that provides enterprise-level business solutions to Oil & Gas, Financial Services, Retail, Hospitality and Pharmaceutical industries. The Company's business performance solutions center on Business Intelligence, Workflow & Collaboration, and Enterprise Project and Portfolio Management supporting Microsoft Office tools. The Project Group provides project management, collaboration, and Sarbanes Oxley focused consulting services to many Fortune 1000 organizations, including Halliburton, Microsoft and Marathon. PJTG was founded in 2001, and is headquartered in Houston, Texas.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated by these statements. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new opportunities, and the unpredictable nature of business risks; as well as other factors set forth in the Company's most recently filed SEC reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The Company assumes no obligation to update the statements contained in this release.
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Contact:
The Project Group, Inc., Houston
Craig Crawford, 281-445-3333
or
Osprey Partners
Mike Mulshine, 732-292-0982
ir@projectgroup.com
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