CHARLOTTE, N.C.--(BUSINESS WIRE)--May 24, 1999--Speaking last week at the annual shareholders meeting of Personnel Group of America, Inc. (NYSE:PGA), Chairman Edward P. Drudge, Jr. said the Company is on target to reach $1 billion in revenues by the end of 1999, one year ahead of schedule, and $2 billion in revenues by the end of 2003. "After a slow start in January and February we are back on track and are pleased with the first quarter as well as our progress to date in the second quarter," Drudge said. "Staffing companies in general, and PGA specifically, have seen their stock prices decline significantly in 1999 as a result of concerns over Year 2000 issues and market demand for information technology services. However, it's tough to be defensive about our business when we'll post a growth rate in the 12% to 13% range this year for the total company. "We are very positive about the remainder of 1999 and beyond. Our business plan calls for us to grow our company 25% a year through the year 2003, in terms of earnings per share and shareholder value. We also want to improve our operating margin to 11% in 2002 and 12% in 2003." At the meeting last week, shareholders re-elected Ken Bramlett, senior vice president, general counsel and corporate secretary, and James C. Hunt, senior vice president, chief financial officer and treasurer, to the Board of Directors for terms of three years. Drudge also reported that the Company has repurchased approximately 7 million shares of common stock at an average cost of $7.35 per share since the repurchase program was announced in March. "The program was very successful and will have a positive impact on earnings." Personnel Group of America, Inc. is a nationwide provider of information technology consulting and custom software development services; high-end clerical, accounting and other specialty professional staffing services; and desktop publishing and computer graphics services. The Company now operates 149 offices in strategic markets throughout the United States. Information contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on PGA's operating results, performance or financial condition are fluctuations in the economy, the degree and nature of competition, the demand for PGA's services, including the impact of changes in utilization rates and unexpected changes in demand attributable to the year 2000 phenomenon, changes in laws and regulations affecting PGA's business, PGA's ability to complete acquisitions and integrate the operations of acquired businesses, to recruit, place and retain temporary professionals, to expand into new markets and to maintain profit margins in the face of pricing pressures and wage inflation, and numerous other factors discussed in PGA's filings with the Securities and Exchange Commission.  