Pernix Group, Inc. Appoints New Senior Vice President Of Construction

LOMBARD, Ill., Jan. 16, 2014 (GLOBE NEWSWIRE) -- Pernix Group, Inc. (OTCQB:PRXG) announced today that Warren Bryant recently joined Pernix Group, Inc. (the Company) as the Company's Senior Vice President of Construction.

Mr. Bryant has more than 30 years of experience in government and commercial program management, construction, engineering, and project management. He has spent the majority of his career with URS Corporation and legacy companies Washington Group International (WGI) and Morrison Knudsen Corp (MK), where he served in a variety of roles, including Vice President, Government Services. Mr. Bryant has managed the successful completion of more than $2 billion in total value of projects in both the U.S. and internationally. He has broad ranging experience in both the government and private sectors and has served as program leader for clients such as the US Department of Energy, US Department of Defense, various federal intelligence agencies, and General Motors Corporation. His commitment to excellence has earned him industry recognition and numerous accolades in connection with his management of award-winning projects and programs. Mr. Bryant received a Bachelor's of Science in Civil Engineering from the University of Tennessee in Knoxville.

In his new position, Mr. Bryant will be responsible for growing and managing Pernix's construction business, including business development, client management, implementation of new policies and procedures and enhancing Pernix's already strong quality and safety programs. He will also manage long-range/strategic planning, new project sourcing and evaluation, project pre-qualification and bidding, and execution of awarded mandates. Additionally, he will oversee the Company's existing mandates with the US Department of State in Africa, Central Asia and the Middle East.

"I'm excited to join this world-class company and contribute my experience and expertise in the global construction industry to expand and enhance Pernix's activities worldwide," commented Mr. Bryant. "I believe that there are significant opportunities to leverage the company's strong relationships, outstanding track record and extensive resources to identify, pursue and win attractive mandates. I know that this will be a highly successful and mutually beneficial relationship for many years to come."

"Global Construction has been the core of our business at Pernix since our founding almost 18 years ago," 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 Warren Bryant 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 create value for our shareholders. Warren's leadership of our Construction Segment significantly enhances our ability to compete for, deliver and manage complex construction projects in the U.S. and overseas. We welcome Warren and look forward to his contributions to our continuing success."

About Pernix Group, Inc.

Pernix Group, Inc. is a global company with its headquarters in Lombard, Illinois. The company is engaged in two primary 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 quotation board (OTCQB) 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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