New Headquarters Facility for The Project Group Inc.; New Facilities will Improve Client Service and Convenience

HOUSTON--Feb. 2, 20043, 2004--The Project Group Inc. (OTCBB:PJTG) announced today that it has leased a new office facility at 333 North Sam Houston Parkway East, Suite 275, Houston, Texas 77060, phone 713-622-1100. This new facility will enable us to conduct simultaneous training classes and presentations on high performance project management systems. This expansion of our facilities is a part of our strategic growth plan for 2004. "We are excited to have this highly efficient, professional space available for our clients and staff to utilize in adopting the very latest thinking in Project Management," said Craig Crawford, CEO. See our Web site at www.projectgroup.com for more information on PJTG.

About The Project Group

The Project Group Inc., a Microsoft Gold Certified Partner, provides project management advisory services, implementation services, configuration, custom programming and other related products and services using its proprietary methods in accomplishing assignments. The Project Group has provided its expertise to the Fortune 1000 including Waste Management (WMI), Microsoft (MSFT) and Texas Industries Inc. (TXI). PJTG, headquartered in Houston, Texas, was founded in 2001 by senior project managers with broad Fortune 1000 project experience. PJTG focuses on providing enterprise-based project management solutions and improving project schedule and budget performance for its customers throughout the United States and world.

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 Company's most recently filed SEC reports. The forward-looking statements contained herein represent the Company's 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.