Exhibit 99.1

NEWS RELEASE
FOR IMMEDIATE RELEASE

   THE PROFIT RECOVERY GROUP INTERNATIONAL ANNOUNCES NEW BANK CREDIT FACILITY


ATLANTA,  JANUARY  2,  2002 - The  Profit  Recovery  Group  International,  Inc.
(Nasdaq:  PRGX) today  announced that it has secured a new bank credit  facility
which replaces its existing one. The new facility,  which was closed on December
31, 2001 and underwritten by Bank of America,  has a maximum borrowing  capacity
of $75 million and a term of three  years.  The  Company  anticipates  using the
facility to fund various  merger and  integration  costs  related to the planned
acquisition  of  Howard  Schultz  &  Associates  (HS&A)  and  to  repay  certain
indebtedness  of HS&A  following  the  closing of the  acquisition.  Immediately
following  the  closing  of the  HS&A  acquisition,  PRG will  have a  borrowing
capacity  of $50  million  under  the  facility.  PRG filed a  definitive  proxy
statement with the SEC on December 19, 2001 and has scheduled a special  meeting
of shareholders on January 24, 2002 in connection with the proposed  acquisition
of HS&A.

As a result of securing the new bank credit  facility,  the previously  existing
bank credit  facility  agreement  has been  cancelled.  In  connection  with the
cancellation,   the  Company   will  record  a  non-cash,   pre-tax   charge  of
approximately $2.6 million in the fourth quarter of 2001 representing  remaining
deferred loan costs associated with the previous credit facility.

About The Profit Recovery Group  International,  Inc.

     Headquartered  in Atlanta,  The Profit Recovery Group  International,  Inc.
(PRG) is one of the world's leading providers of recovery audit services.  PRG's
continuing  operations  employ  approximately  2,100  employees  in 34 countries
providing more than 2,500 clients with insightful value to optimize and expertly
manage  their  business  transactions.  PRG's  clients  represent  a variety  of
industries   including   retailing,   wholesale   distribution,   manufacturing,
government,  high-tech and healthcare organizations. PRG was founded in 1990 and
became a publicly-traded company in 1996. Shares of PRG are traded on the NASDAQ
National Market under the symbol PRGX. For additional  information visit our web
site at www.prgx.com.

Additional Information

PRG filed a definitive  proxy  statement  with the SEC on December 19, 2001. PRG
shareholders  are urged to read the  definitive  proxy  statement  and any other
relevant  documents  filed  with the SEC  because  they will  contain  important
information.  You will be able to  obtain  the  documents  free of charge at the
website  maintained  by the SEC at  www.sec.gov.  In  addition,  you may  obtain
documents filed with the SEC by PRG free of charge by requesting them in writing
from Leslie H. Kratcoski, Director, Investor Relations, PRG International, Inc.,
2300 Windy Ridge  Parkway,  Suite 100N,  Atlanta,  GA 30339,  or by telephone at
770-779-3099.

PRG and HS&A, and their respective directors and executive officers, and certain
of their  employees,  may be deemed to be  participants  in the  solicitation of
proxies from the stockholders of PRG in connection with the  acquisition.  These
participants  may  have  interests  in  the  acquisition,   including  interests
resulting  from  holding  options  or  shares  of PRG  and  HS&A  common  stock.
Information  about the interests of directors and executive  officers of PRG and
HS&A and  their  ownership  of  securities  of PRG and HS&A is set  forth in the
definitive proxy statement.


                                      # # #
Contacts:
                  Investor Contact:                Media & Client Contact:
                  Leslie H. Kratcoski              Michelle B. Duncan
                  Investor Relations               Corporate Communications
                   (770) 779-3099                  (770) 779-3295