The Project Group Cancels Forward Split of Common Stock

Due to the changing market conditions, The Project Group, Inc. (OTCBB:PJTG) Board of Directors has rescinded the previously announced resolution regarding a forward split of the Companys common stock

HOUSTON, TEXAS [PRWEB] June 11, 2003
Due to the changing market conditions, The Project Group, Inc. (OTCBB:PJTG) Board of Directors has rescinded the previously announced resolution regarding a forward split of the Companys common stock, and will not be proceeding with a three to one forward split. The Project Group will continue to monitor market conditions and evaluate if any future action is necessary. Pro-Squared Inc. focuses on continuously improving project management to ensure on time and on budget performance for the Fortune 500, with client companies including: Microsoft (NASDAQ:MS), Halliburton (NYSE:HAL), and Waste Management Inc. (NYSE:WMI).

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 Companys most recently filed Form 10 reports. The forward-looking statements contained herein represent the Companys 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.