Pernix Group, Inc. Announces New Contract Award in Azerbaijan
June 18 2013 - 9:19AM
Pernix Group, Inc. (OTCBB:PRXG) announced today that the Company's
joint venture, Pernix Serka Joint Venture (PS JV), has been awarded
a $6.5 million sole-source task order by the U.S. Department of
State Bureau of Overseas Buildings Operations (OBO) for the
Design-Build Services FY13 Interagency Security Assessment Team
(ISAT) Security Upgrades Project at the U.S. Embassy in Baku,
Azerbaijan.
Nidal Z. Zayed, CEO of Pernix Group, stated that, "We are
extremely pleased to continue our work with the Department of State
in this important worldwide program. We are honored to have
received another vote of confidence from the U.S. Government, which
we view as a direct result of the high quality of work we have
consistently provided for the State Department in Baghdad and
elsewhere around the globe. Pernix remains fully committed to the
success of the State Department and its diplomatic missions abroad,
and we look forward to our continued partnership with OBO."
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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