LOMBARD, IL — January 22, 2015 — Pernix Group, Inc. (OTCQB: PRXG) today announced the award of an $11.6 million dollar contract to its joint venture, Pernix Kaseman Joint Venture, to construct a 4,600 square foot security facility communication center special area, including administrative offices. The work will be performed for the U.S. Army Corps of Engineers Far East District at USAG Humphreys in South Korea.
“This is a very strategic win for our team, and we are pleased to support the Army Corps of Engineers and our Government’s mission in South Korea,” said Pernix Group’s CEO & President, Nidal Zayed. “This is also a great opportunity to continue growing our excellent relationship with Michael Baker International. I am confident that we will again demonstrate our expertise in delivering complex, crucial and time sensitive projects for the U.S. Government.”
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
