Pernix Group, Inc. Announces New Senior Management in Finance and Strategy
January 05 2012 - 4:54PM
Marketwired
Pernix Group, Inc. (OTCBB: PRXG) announced today that Gregg Pollack
and Scott Finch have both recently joined the management team of
Pernix as Chief Financial Officer & Vice President -
Administration and Vice President - Finance & Corporate
Strategy, respectively. With Mr. Pollack's arrival, Nidal Zayed,
Chief Executive Officer of Pernix, will no longer be serving as
Interim CFO of the company.
Mr. Pollack was most recently CEO of Tasmanian Dairy Products
Co. Ltd., an Australian dairy company formed to build and operate a
$70 million milk processing plant. Prior to his work overseas, he
was a Managing Director with Chicago-based investment bank Dresner
Partners, where he was employed for over 12 years. Mr. Pollack's
professional experience includes extensive corporate finance,
strategic planning, project management and merger & acquisition
work for both publicly traded and privately owned businesses. He
received a BS in Economics (concentration in Accounting) and an MBA
in Finance from the Wharton School of the University of
Pennsylvania, and he is a member of the AICPA and the Illinois CPA
Society.
Mr. Finch also brings extensive financing and M&A experience
to Pernix, having completed nearly 100 transactions totaling in
excess of $40 billion in gross proceeds, as a banker or member of
management for both publicly traded and privately held companies.
His efforts on the corporate side have been focused on creating and
managing international treasury operations, managing banking and
investor relations, and helping companies grow through the
identification, financing, and integration of M&A transactions.
His international financing expertise includes acquisition and
project finance, securitizations, and equity transactions. He
received a JD from Vanderbilt University and an MBA in Finance and
Corporate Strategy from The University of Michigan.
Nidal Zayed, CEO of Pernix Group, stated, "We are very excited
about Gregg and Scott joining Pernix as our company continues to
build critical mass and strategic presence in its key markets.
Together with Jim Rice, our Vice President - Construction, and
Carol Groeber, our Corporate Controller, we continue to add the
executive-level expertise and resources necessary to support the
recent growth in our business and to implement new initiatives to
drive future growth. We welcome Gregg and Scott and look forward to
their contributions to our continuing success."
Pernix Group, Inc. is a global company with its international
headquarters located in Lombard, Illinois. The company is engaged
in three primary business segments: construction services as a
Design-Build General Contractor in the Federal and Government
market; building, managing and investing in credit-worthy and
bankable Energy Projects as an Independent Power Producer and
General Contractor; and as a provider of RF Transmitter Design,
Installation, and Service. We have full-scale construction and
management capabilities, with fully-staffed subsidiaries in the
Western Pacific islands of Tinian and Saipan, in the South Pacific
island of Fiji, and Berlin, Germany. Pernix Group is engaged in
stand-alone and joint venture projects up to approximately $100
million including the construction of a multi-million dollar United
States Embassy in Suva, Fiji, a rehabilitation project in Niamey,
Niger, and a Containerized Housing Unit for the U.S. State
Department Overseas Building Operations in Baghdad, Iraq. Pernix
Group, Inc. common stock is traded on the over the counter bulletin
board (OTCBB) under the symbol PRXG. Additional information is
available at www.pernixgroup.com.
Forward-Looking Statement 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 contact: Gregg Pollack Chief
Financial Officer & Vice President - Administration Pernix
Group, Inc. Tel: (630) 620-4787 gpollack@pernixgroup.com Carol
Groeber Corporate Controller and Principal Accounting Officer
Pernix Group, Inc. Tel: (630) 620-4787 cgroeber@pernixgroup.com
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