M. D. Anderson Cancer Center Awards Contract to The Project Group to Implement Enterprise Project Management System.

The Project Group Inc. (OTCBB: PJTG), a Microsoft Project Premier EPM Solution Provider, and provider of business initiative services to Fortune 1000 companies (see www.projectgroup.com), announced today it has been engaged by The University of Texas M. D. Anderson Cancer Center to provide advisory services related to the implementation of Enterprise Project Management with Microsoft's Project 2003.

"Working with the premier institute for cancer research and health care we are very excited that we will be part of helping M. D. Anderson implement an EPM Solution for Project Management, which in time will provide a stable platform for a more efficient and cost savings method of doing projects” stated Craig Crawford, president and chief executive officer of The Project Group. This new contract demonstrates a strong surge of new business for 2004, directly, or through Microsoft's partnership programs, other organizations engaging The Project Group during this period include: Southwest Airlines (NYSE: LUV), Texas Industries Inc. (NYSE: TXI), Tyson Foods, Inc., Affiliated Computer Services (NYSE: ACS), and Carter Burgess Inc.

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, and 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.

Contact:
Matt Stott
713-622-1100
mstott@projectgroup.com