Pernix Group, Inc. Ranks 38th on the Engineering News - Record (ENR) List of Top 50 Contractors Working Abroad
June 07 2013 - 9:00AM
Pernix Group, Inc. (OTCBB:PRXG) was recognized for the second year
in a row by Engineering News - Record (ENR) Magazine, a leading
publication for the engineering and construction industry, as one
of the top 50 U.S.-based contractors working abroad (as measured by
revenue from construction projects outside of the US). Ranked at
No. 38 for 2013 with $115 million of revenue, Pernix moved up nine
places from 2012, when it recorded $49 million of revenue.
Additionally, for the first time, Pernix also made ENR's
prestigious Top 400 List, joining the ranks of the world's leading
construction companies. Based on construction revenues derived both
domestically and abroad, the Company ranked No. 397 in this year's
Top 400.
Pernix Group President & CEO Nidal Zayed said: "We are
pleased that we have been able to maintain our growth and break
into this distinguished group of contractors. We believe that this
recognition reflects our ability to consistently provide
outstanding client service through the high quality work of our
dedicated employees. We wish to thank our customers and partners
for their ongoing confidence in Pernix, and we want to recognize
our employees for their unwavering commitment to our core values:
Safety, Customer Satisfaction, Reputation, Time, Performance,
Leadership, and Agility.
"We also view this accomplishment as a natural result of our
conservative growth strategy, which is built upon a solid
foundation of experienced professionals, strong balance sheet, and
proper systems and controls. Our expansion will be focused and
measured, leveraging our strengths while managing operational and
financial risk. We look forward to the continued expansion and
diversification of our business across customer base, geography and
business mix," he added.
About Pernix Group, Inc.
Pernix Group, Inc. is a global company with its headquarters in
Lombard, Illinois. The Company is engaged in two primary operating
business segments: construction services as a Design-Build General
Contractor in the Federal and Government market; and building,
managing and investing in Power Generation Projects as an
Independent Power Producer. Pernix has full-scale construction and
management capabilities, with operations in Africa, the Middle
East, and the South Pacific. 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.
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
Casey Stegman
Director of Investor Relations
Stonegate Securities
Tel: (214) 987-4121
casey@stonegateinc.com
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