PERNIX (FIJI) LIMITED – January 1, 2015 – The Kinoya Power Plant 35 MW Expansion Project and was recently awarded the new 11/33kV Substation contract from Fiji Electric Authority. After a close evaluation of this project and Pernix’s future plans to develop in the Pacific Rim, an organizational restructure of Pernix (Fiji) Limited was necessary to ensure that the current operation, future perspectives and success will be supported with defined roles and responsibilities of the management team in Fiji and the Pacific.
In result of the above, starting 01 December 2014, Michel El-Rahi assumed the new role of Vice President – Business Development & Corporate Affairs. Michel will continue to be with the Pernix family in Fiji and his main objective is to grow our footprint in Fiji and the Pacific.
Assuming Michel’s role as General Manager is Ledua Colati, who was assigned as the Acting General Manager. Ledua will manage the day-to-day operations with the company and will report to Nidal Zayed (CEO & President, Pernix Group, Inc.). Michel El-Rahi will continue to guide corporate affairs and will work with Ledua in that regard.
In-addition, as of 01 January 2015, Abhyash Chand was promoted from Financial Controller to Regional Director of Finance. His role will be an integral part of the growth initiatives and efforts of the company going forward. His line of reporting will be to the Chief Financial Officer.
“I know they will do an outstanding job with the team’s continued support; we have so much to do and every heart beat counts.” – Nidal Z. Zayed (CEO & President, Pernix Group, Inc.)
About Pernix Group, Inc.
Pernix Group, Inc. is a construction company recognized by Engineering News-Record for being one of the Top 50 American Contractors Working Abroad for the last four years in a row. Headquartered in Lombard, Illinois, Pernix has operations in the United States, Africa, Asia, the Middle East, and the Pacific Rim. Pernix has full-scale construction and management capabilities, in three primary markets: Federal Government, Commercial & Industrial, and Power. Recently, Pernix Group expanded its domestic Commercial & Industrial operations by acquiring KBR Building Group, now known as BE&K Building Group. Pernix also expanded its Pacific operations this year by acquiring assets of DCK Pacific Guam, now operating as Pernix Guam LLC.
Pernix Group, Inc. common stock is traded on the over-the-counter quotation board (OTCQB) under the symbol PRXG. Additional information is available at www.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 Investor Relations:
investorrelations@pernixgroup.com
