Pernix Group, Inc. Retains Dresner Corporate Services to Serve as Its Investor Relations Agency
February 09 2010 - 3:02PM
Marketwired
Pernix Group, Inc. (PINKSHEETS: PRXG), an international company
specializing in the construction, power generation and broadcast
equipment manufacturing markets, announced today that it has
selected Dresner Corporate Services, Inc., a strategic
communications agency, to develop and implement a comprehensive
investor relations and communications program. The goal of the
program is to increase the visibility of the Company's growth
strategy and explain its financial performance to shareholders,
potential investors and the financial media.
Lombard, Illinois-based Pernix Group, Inc. also recently changed
its name from Telesource International in line with the Company's
new strategic direction and plans for growth and shareholder value
enhancement.
"Pernix is building on a successful track record managing
complex domestic and overseas construction projects and power
generation projects. Now we are seeking to enter adjacent markets,
as evidenced by our recent purchase of a majority interest in
TransRadio SenderSysteme Berlin AG, a company which specializes in
the research, development, design and manufacture of AM, VHF/FM and
DRM broadcasting systems," said Nidal Z. Zayed, chief executive
officer of Pernix Group, Inc. "We believe that Dresner will help us
enhance our shareholder communications and assist us in telling our
story to a wider base of potential investors, analysts, and
customers."
Steve Carr, managing director of Dresner Corporate Services,
said, "Pernix has established a strong reputation within its
markets by executing complex projects on time and within budget
while adhering to strict quality control measures. We are very
enthusiastic about Pernix's plans for growth and shareholder value
enhancement, and look forward to providing leading-edge Investor
Relations services to ensure that its expanding shareholder base is
kept abreast of unfolding corporate developments."
About Pernix Group, Inc.
With full-scale construction and management capabilities, Pernix
Group, Inc. is a global company engaged in three primary business
segments: construction services as a design-build general
contractor in the government market; an independent power producer,
building, managing and investing in credit-worthy and bankable
energy projects; and broadcast equipment manufacturing through its
majority interest in TransRadio SenderSysteme AG. Pernix has
subsidiaries in the Western Pacific islands of Tinian, Saipan and
the South Pacific island of Fiji. In 2007 Pernix Group led a joint
venture that was awarded a multi-million dollar contract to build
the new United States Embassy in Suva, Fiji. The Pernix Group's
international headquarters are located in Lombard, Illinois.
Additional information is available at www.pernixgroup.com.
Certain of the statements made in this press release are
forward-looking statements within the meaning of the Securities
Litigation Reform Act of 1995. Such statements involve certain
risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Potential
risks and other factors that could cause or contribute to actual
results differing materially from such forward-looking statements
are discussed in greater detail in the Company's filings with the
U.S. Securities and Exchange Commission.
About Dresner Corporate Services
Dresner Corporate Services (DCS) is a strategic communications
firm specializing in public and investor relations. DCS is focused
on delivering tangible, measurable results leading to a superior
return on investment for its clients. Through a structured process
emphasizing a balance of quantitative and qualitative analysis, the
agency helps its clients clarify and package their messages, then
target audiences in investment, business and consumer marketplaces.
DCS is affiliated with Dresner Partners, a NASD registered
middle-market investment bank which provides financial advisory
services including institutional private placements of debt and
equity, merger & acquisition advisory, and valuation and
strategic consulting. More information is available at
www.dresnerco.biz.
For additional information on Pernix Group, Inc. contact: Greg
Grosvenor Chief Financial Officer Pernix Group, Inc. Tel: (630)
620.4787 ggrosvenor@pernixgroup.com Or Steve Carr Managing Director
Dresner Corporate Services Tel: (312) 726.3600
scarr@dresnerco.com
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