EXHIBIT 99.1


  PRG-SCHULTZ ANNOUNCES THE INITIAL STEP IN AN SG&A EXPENSE RESTRUCTURING PLAN

ATLANTA--(BUSINESS   WIRE)--Aug.  19,  2005--PRG-Schultz   International,   Inc.
(Nasdaq:PRGX)  today announced that it has taken an initial step in implementing
an expense  restructuring plan, currently being developed.  When completed,  the
plan will involve a major  restructuring  of the  Company's  sales,  general and
administrative  expenses and is  scheduled  for  completion  no later than early
fourth quarter, with implementation to begin immediately thereafter. The initial
step  includes  headcount  reductions  in the  Company's  Atlanta  headquarters,
elimination of independent  contractor positions in Atlanta,  cancellation of an
airplane  charter  service,  termination  of  retainer  contracts  with  outside
consultants,  and elimination of certain  perquisites for corporate  executives.
Annualized  savings  from this first step will be  approximately  $4.5  million,
before charges,  representing only a small portion of the total savings expected
to  be  realized  from  the  overall  plan,  once  it  is  developed  and  fully
implemented.  These initial actions are expected to result in  severance-related
and other charges of  approximately  $1 million,  to be accrued during the third
quarter. Implementation of the overall plan is expected to result in significant
additional severance-related and other charges.

About PRG-Schultz International, Inc.
Headquartered  in Atlanta,  PRG-Schultz  International,  Inc. (PRG) is the world
leader in recovery  auditing and a leading profit  improvement firm. PRG employs
approximately  2,750  employees,  providing  clients in over 40  countries  with
insightful  value to optimize and expertly  manage their business  transactions.
Using  proprietary  software  and  expert  audit  methodologies,   PRG  industry
specialists  review  client  purchases and payment  information  to identify and
recover overpayments.

Forward-Looking Statements
Statements  made in this news  release  that  look  forward  in time,  including
express and implied  statements  regarding the  development  of a  restructuring
plan,  the  accrual  of  severance-related  and other  charges,  potential  cost
savings,  completion of the plan, and the Company's future performance,  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  possibility  that charges and savings may be more or
less than anticipated,  due, for example,  to unforeseen delays in developing or
implementing  the plan,  the  possibility  that the plan cannot be  successfully
implemented, the possibility of unanticipated costs arising from the termination
of employment  arrangements  and other  contracts,  and the possibility that the
Company may be forced to reevaluate  its decision to terminate  certain  service
and supply contracts and arrangements due to the fluctuating  operational  needs
of the Company. Should the Company violate the financial covenants of its senior
credit  facility  and be unable to continue to borrow  under it, it will have to
seek  alternate  sources  of  financing,  and  there is no  guarantee  that such



financing  will be  available on  acceptable  terms,  if at all. In addition,  a
default and  acceleration  under the senior  credit  facility  would result in a
cross-default  under  and  could  result  in an  acceleration  of the  Company's
approximately $125 million  outstanding  convertible notes. In such an instance,
the Company would seek to refinance the notes, but there is no guarantee that it
would be able to do so on acceptable terms, if at all. For a discussion of other
risk factors that may impact the Company's  business,  please see our Securities
and Exchange  Commission  filings,  including the Company's Forms 10-K and 10-Qs
filed with the  Securities  and Exchange  Commission on March 16, 2005,  May 10,
2005 and August 9, 2005. The Company  disclaims any obligation or duty to update
or modify these forward-looking statements.

CONTACT:
PRG-Schultz International, Inc., Atlanta
James E. Moylan, Jr.
770-779-6605