This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pernix Group, Inc. Appoints New Vice President - Power

LOMBARD, Ill., Feb. 5, 2013 (GLOBE NEWSWIRE) -- Pernix Group, Inc. (OTCBB:PRXG) announced today that Michael Frye recently joined the management team of Pernix Group as the company's Vice President - Power.

Mr. Frye brings over 30 years of progressive industry experience in the energy and independent power business, having led successful development of more than 2,350 MW of power generation both in the U.S. and internationally. He has broad ranging experience structuring complex power projects, including EPC contract negotiations, fuels supply, asset management, project and plant acquisitions, operations, owner's construction oversight, program management, and project finance. During his distinguished career, he has worked with power utilities, equipment manufacturers, independent power producers and consulting firms. Mr. Frye received a BS in Mechanical Engineering from Virginia Tech and an MBA in Business Administration from Harvard University.

In his new capacity, Mr. Frye will be responsible for growing and managing Pernix's power business, including O&M contract execution and construction of new power generating facilities and related infrastructure in the U.S. and overseas. His role will include long-range/strategic planning, new project sourcing and evaluation, project pre-qualification and bidding, project finance and execution of awarded mandates. Additionally, he will oversee the company's existing power operations in the Pacific region.

"I'm excited to join this world-class company and contribute my extensive experience and expertise in the global power industry to expand Pernix's power segment," commented Mr. Frye. "I believe that there are significant opportunities to leverage the company's reputation and existing resources to identify and win attractive mandates. I know that this will be a highly successful and mutually beneficial relationship for many years to come."

"Global power has been, and will remain, a top strategic priority for Pernix," added Nidal Zayed, President and CEO of Pernix Group, Inc. "We continue to make significant investments in our operations and people in order to better meet client demand and take advantage of growth opportunities in this market. Adding Michael Frye to our team further evidences our commitment to build the executive-level expertise and resources necessary to support the recent growth in our business and to implement new initiatives to grow our company and ultimately create value for our shareholders. Michael's leadership of our Power Segment significantly enhances our ability to compete for, deliver and manage complex power projects in the U.S. and overseas. We welcome Michael and look forward to his contributions to our continuing success."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs