LOMBARD, Ill., June 18, 2013 (GLOBE NEWSWIRE) -- 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 firstname.lastname@example.org Carol Groeber Corporate Controller and Principal Accounting Officer Pernix Group, Inc. Tel: (630) 620-4787 email@example.com Casey Stegman Director of Investor Relations Stonegate Securities Tel: (214) 987-4121 firstname.lastname@example.org