PRA International Relocating Headquarters ... ( RESTON Va. Sept. 25 /- PRA Intern...)

PRA International Relocating Headquarters to Raleigh

Date:9/25/2007

RESTON, Va., Sept. 25 /PRNewswire-FirstCall/ -- PRA International (Nasdaq: PRAI) announced today that it plans to relocate its corporate headquarters from Reston, Va., to the Raleigh, N.C. area by the end of 2007.

"The current headquarters in Reston is purely a corporate administrative office with no operational functions," said Terrance J. Bieker, chief executive officer. "After conducting a comprehensive analysis, we have determined that relocating to the Raleigh area will allow PRA to tap into a stronger market for operational resources, place us in closer proximity to existing and potential new clients, provide ready access to a highly qualified talent pool and reduce our infrastructure costs. To fuel our planned growth, we expect to begin aggressive hiring in October and hope to attract 500 administrative and operations employees over the next five years. North Carolina has one of the fastest growing workforces in the United States and we are pleased to take advantage of the low employee turnover rate and the quality of life. We believe this move to Raleigh will position us well to achieve our future growth targets."

The move affects 37 people located in or working regionally out of the Reston office. Most employees have been invited to move and the Company awaits their final decision. Of those unable to move, some will become home based and a few others will relocate to the Company's offices in Charlottesville, Va., where the Company plans to continue some of their corporate support services. PRA expects to take a charge of approximately $1.7 million associated with this relocation of its corporate headquarters.

PRA announced July 25, 2007 that it had entered a definitive merger agreement with
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SOURCE PRA International
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