Exhibit Number 99.1


Press Release

The Profit  Recovery  Group  International  Announces  Shareholder  Approval For
Acquisition of Howard Schultz & Associates

Transaction to Close Today; Four New Directors Elected

ATLANTA,   Jan.  24   /PRNewswire-FirstCall/   --  The  Profit   Recovery  Group
International,  Inc. (Nasdaq:  PRGX - news) today announced shareholder approval
of the  Company's  issuance  of shares and options to acquire  Howard  Schultz &
Associates  International,  Inc.  (HS&A).  The  transaction,  which involves the
issuance by PRG of 14,759,970 shares of PRG common stock and options to purchase
approximately  1,100,000 shares of PRG common stock to acquire substantially all
of the  assets  of HS&A and  substantially  all of the stock of  certain  of its
affiliated  foreign operating  companies,  is expected to close later today. The
Company, whose name has been changed to PRG-Schultz International, Inc., remains
headquartered  in Atlanta  and its common  stock will  continue  to be traded on
Nasdaq under the ticker symbol PRGX.

The close of this transaction  marks the beginning of a new era in the evolution
of our company,  and the industry as a whole," said John Cook,  chief  executive
officer of PRG-Schultz. "As the world of technology continues to rapidly evolve,
and the volume of business transactions processed continues to grow, significant
investments  and resources  are required to best serve our clients'  businesses.
The  combination  of our two  companies  enables us to pool our best  practices,
consolidate our research and development  efforts, and leverage our unique areas
of   specialization,   resulting  in  an  organization   that  offers  the  most
comprehensive  accounts payable  services in the industry.  At the same time, we
expect to realize significant  operating synergies to drive profitability -- all
for the benefit of our clients, our associates and our shareholders."

PRG-Schultz  also  announced  today that, at the special  meeting,  shareholders
approved the election of four new directors. Howard Schultz, founder of HS&A and
its chairman since 1970,  has been elected  chairman of  PRG-Schultz's  board of
directors.  The three other  directors  elected  today include  Andrew  Schultz,
executive vice  president and member of HS&A's board of directors  since January
2000, Nate Levine, founder and chief executive officer of ETAN Industries, which
owns Cable Management Associates,  a multiple cable system operator serving over
55,000 subscribers, and Arthur Budge, Jr., president and chief executive officer
of  Five  States  Energy  Company,  an  owner  of a  portfolio  of oil  and  gas
investments.  John Cook  continues  in his role as chief  executive  officer and
president.

Conference Call and Webcast Information

As previously announced,  PRG will hold a conference call tomorrow,  January 25,
2002 at 9:00 a.m. EST to further  discuss the  information in this press release
and to provide an update with respect to other company  developments.  To access
the conference  call,  listeners in the US should dial  888.396.0289  at least 5
minutes prior to the start of the  conference.  Listeners  outside the US should

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dial  712.257.2285.  To be admitted to the call, provide the leader's name "John
Cook" and the passcode "PRGX." The teleconference  will also be audiocast on the
Internet at www.prgx.com . Microsoft  Windows Media Player is required to access
the     audiocast.      Media     Player     can     be     downloaded      from
www.microsoft.com/windows/mediaplayer.

About PRG-Schultz International, Inc.

Headquartered in Atlanta,  PRG-Schultz International,  Inc. (PRG-Schultz) is the
world's  leading  provider of recovery audit  services.  PRG-Schultz's  accounts
payable  operations  employ   approximately  3,100  employees  in  34  countries
providing  clients with  insightful  value to optimize and expertly manage their
business  transactions.  PRG-Schultz's clients represent a variety of industries
including  retailing,   wholesale   distribution,   manufacturing,   government,
high-tech and healthcare organizations.  Shares of PRG-Schultz are traded on the
Nasdaq National Market under the symbol PRGX. For additional  information  visit
the web site at www.prgx.com.

Forward-Looking Statements

Statements  made in this news release  which look forward in time involve  risks
and uncertainties and are  forward-looking  statements within the meaning of the
Private  Securities  Litigation Reform Act of 1995. Such risks and uncertainties
include the following:  (i) we may not be able to successfully  integrate Howard
Schultz and  Associates and achieve the planned post-  acquisition  synergy cost
savings due to  unexpected  costs,  loss of former  Schultz  auditors  and other
personnel,  loss of revenue  with respect to shared  clients and other  reasons,
(ii) if the current economic slowdown  continues,  our clients may not return to
previous  purchasing  levels,  and as a result  we may be  unable  to  recognize
anticipated  revenues,  (iii) the effect of  bankruptcies of our larger clients,
including without  limitation,  potential  negative effects of the recent K-Mart
bankruptcy filing,  (iv) in general,  if announced  divestitures are not sold by
March 15,  2002,  accounting  regulations  will  require  that their  results be
reincluded  in  continuing  operations,  and since  these  businesses  have been
operated  during the last year  primarily for the purpose of preparing  them for
sale,  they may require  additional  time and effort of company  executives  and
additional company resources to help them achieve profitability and may distract
management from its focus on the company's core accounts payable  business,  and
there is no guaranty that the company can operate these  businesses  efficiently
and  profitably,  (v) the  previously  announced  intention  to  dispose  of the
discontinued  operations  has in  some  instances  resulted  in the  loss of key
personnel  and  diminished  operating  results in such  operations  which may be
difficult to reverse going forward,  (vi) we may not achieve anticipated expense
savings,  (vii) our past and future investments in technology and e-commerce may
not benefit our business, (viii) our Accounts Payable businesses may not grow as
expected,  and (ix) our international  expansion may prove  unprofitable,  Other
risks and uncertainties  that may affect our business include (i) our ability to
effectively  manage our  business  during our business  integration  with Howard
Schultz and Associates,  (ii) the possibility of an adverse  judgment in pending
securities litigation,  (iii) the impact of certain accounting pronouncements by
the Financial  Accounting  Standards  Board or the United States  Securities and
Exchange  Commission,  (iv)  potential  timing  issues that could delay  revenue
recognition,  (v) the effect of strikes,  (vi) future weakness in the currencies
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of countries in which we transact  business,  (vii) changes in economic  cycles,
(viii)   competition  from  other   companies,   (ix)  changes  in  governmental
regulations applicable to us, and other risk factors, detailed in our Securities
and Exchange  Commission  filings,  including  the  Company's  definitive  proxy
statement filed December 19, 2001. The Company  disclaims any obligation or duty
to update or modify these forward-looking statements.

SOURCE: Profit Recovery Group International, Inc.

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