Pernix Group, Inc. Moves to OTC Bulletin Board From Pink Sheets
March 18 2010 - 9:09PM
Marketwired
Pernix Group, Inc. (OTCBB: PRXG), an international company
specializing in the construction, power generation and
manufacturing of AM/FM and VHF broadcast equipment markets, has
commenced trading of its common stock on the OTC Bulletin Board as
of March 17, 2010.
Nidal Z. Zayed, chief executive officer and president of Pernix
Group, Inc., said, "Joining the OTC Bulletin Board is an exciting
step for Pernix. We recently began the process of moving to the
Bulletin Board and are pleased that we could accomplish this
initiative in a relatively short period of time. Our ongoing goal
is to achieve growth and enhance shareholder value, and this move
supports that strategy and improves our visibility in communicating
the Pernix story to a broader base of potential individual and
institutional investors."
In 2009, Lombard, Illinois-based Pernix Group, Inc. changed its
name from Telesource International to better reflect the Company's
vision and support its strategic direction as it plans for further
expansion in U.S. and international markets.
Spartan Securities Group, Ltd. of St. Petersburg, Florida is the
market maker for Pernix Group's common stock. Chicago-based Dresner
Corporate Services is the investor relations firm for Pernix
Group.
About Pernix Group, Inc. Pernix Group is
an international company investing in three major business segments
with extensive experience in managing operations and projects
globally. Its two primary segments focus on the construction and
power infrastructure industry, offering diversified general
contracting, design/build and construction management services to
private clients as well as public agencies. The third business
segment, through its majority interest in TransRadio SenderSysteme,
is the manufacturing and installation of AM/FM and VHF broadcast
equipment. Pernix has subsidiaries in Germany, in the South Pacific
in the Republic of Fiji and in the Western Pacific islands of
Tinian and Saipan in the Commonwealth of the Northern Mariana
Islands (CNMI).
Pernix Group has executed successful, construction projects
around the globe, including the recently completed new U.S. Embassy
Compound in Fiji, and power plants for the governments of Fiji and
CNMI, which Pernix also manages and operates. Combined with
numerous broadcast equipment installations in Asia, Europe and
Africa, Pernix is active in countries throughout the world. 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.
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 Pernix Group, Inc. 860 Parkview Blvd. Lombard,
Illinois 60148 P: (630) 620-4787 F: (630) 620-4753
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