Newsletter

December 3, 2003

Volume VI, Issue 121

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Project Group (OTC BB: PJTG) Takes Off With Southwest Airlines

Project Group, the subject of the November 22nd Trading Alert at $.17, did far better than I expected. It took off like a Southwest Jet on climb out. The stock opened in the $.19 range, giving members every opportunity to accumulate below the recommended $.20 level, and charged up to a high trade of $.31 over the next three trading days. That's a 50% return on your money short term. My target was $.25, so I missed on the low side.

The stock is becoming a fairly prolific performer with consistent volume over 1 million shares daily. I think it's time to ratchet up expectations, particulary in light of today's announcement which came out after the close.

Project Group announced it has landed (or taken off with) Southwest Airlines (NYSE: LUV) as a new client. Southwest has engaged Project Group to provide additional advisory services related to the implementation of Enterprise Project Management with Microsoft’s Project 2003.

Project Group now adds Southwest to its growing list of Fortune 500 companies, which include Waste Management, Microsoft, Texas Industries, Inc., Wal Mart, Dell Computer, and others.

As I stated in the original presentation, Project Group represents an exciting opportunity to take advantage of the fastest growing segment of Microsoft's business. Enterprise software sales grew 84% in 2002 at Microsoft. Estimates have it at about $600 million in 2003, surging to $1 billion in 2004. You won't get exciting returns investing in Microsoft, but you could investing in Project Group.

The timing of this announcement is fortuitous as compared to the price action in the stock. As you can easily see from the chart, since the stock came off the canvas in late October, the lows have been getting higher, and the highs have been getting higher.

The stock has provided a nearly perfect 50% retracement from it's latest move, and has turned back up, providing a lower risk entry point.

The issue now is whether the stock can make another new high over the next few days. A break above the former $.31 high would be extremely bullish, and help set a precedent the stock is in a solid uptrend.

Therefore, I think a good target price for this stock at this point is $.35 over the next thirty days, which is still below levels this stock achieved in July. Coupling new contracts with the company's projection of a 275% growth rate for next year has me very excited about Project Group's upside potential. I may have grossly underestimated the opportunity in my first edition on this company.

Here is the complete text of the press release for your review:

PJTG Announces Expansion of Contract With Southwest Airlines; Company's
Expansion and Addition of Significant Contracts Validates Strategic Plan

Business Wire via COMTEX

Dec 3, 2003 4:05:00 PM

HOUSTON, Dec 3, 2003 (BUSINESS WIRE) --

The Project Group Inc. (OTCBB:PJTG), the world's leading integrator of Microsoft(R) Project and provider of
business initiative services to Fortune 1000 companies, announced today it has been engaged by Southwest
Airlines to provide additional advisory services related to the implementation of Enterprise Project
Management with Microsoft's Project 2003.

'We are pleased to report that our efforts to date have been recognized by Southwest - the fourth largest
carrier in the nation -- leading to an expansion of our role in the deployment of their Enterprise Project
Management processes and systems,'stated Craig Crawford, president of PJTG.

This is the second phase of PJTG in the planned implementation of Enterprise Project Management for Southwest Airlines. PJTG continues to expand its presence in the Dallas/Fort Worth market as this enhanced contract with Southwest and Microsoft indicates.

Paul McBride, a Microsoft representative, said, 'It is a pleasure to work with The Project Group. As a
Microsoft Gold Partner, they have proven their ability to understand our clients'issues and addresses them
efficiently.'

        This announcement marks the 10th addition to PJTG's client list over the past six months. Directly or through
        Microsoft's partnership programs, other organizations engaging The Project Group during this period include:
        Wal-Mart, Halliburton, Waste Management, Texas Industries Inc., Cooper Cameron, Tetra Technology, Affiliated
        Computer Services, Carter Burgess Inc., Devon Energy Corporation and Solvay S.A.

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. PJTG, headquartered in Houston, 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 Form 10 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.

SOURCE: The Project Group Inc.

Trilogy Capital Partners Inc. Racquel Rivera, 800-330-6540 racquel@trilogy-capital.com

Charts Provided Courtesy Of TradePortal.com

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