10/03 Stock to watch --- PRGX

PRG-Schultz International, Inc. and its subsidiaries provide recovery audit
services to large and mid-size businesses worldwide. It operates through two
segments, Accounts Payable Services and Meridian VAT Reclaim. The Accounts
Payable Services segment provides services that entail the review of client
accounts payable disbursements to identify and recover overpayments. It
conducts business in North America, South America, Europe, Australia,
Africa, and Asia. The Meridian VAT Reclaim segment specializes in the
recovery of value-added taxes (VAT) paid on business expenses for corporate
clients. It provides outsourced services, such as VAT reclaim process, audit
and invoice retrieval, preparation and submission of VAT claims, and the
subsequent collection of refunds from the relevant VAT authorities. The
company's customers include retailers, such as discount, department,
specialty, grocery, and drug stores; manufacturers of high-tech components,
pharmaceuticals, consumer electronics, chemicals, aerospace, and medical
products; wholesale distributors of computer components, food products, and
pharmaceuticals; healthcare providers, such as hospitals and health
maintenance organizations; and service providers, such as communications
providers, transportation providers, and financial institutions. PRG-Schultz
International was founded in 1990 and is headquartered in Atlanta, Georgia.