Mr. Zayed continued by saying "The addition of these personnel, equipment fleet, and backlog at Andersen AFB will leverage Pernix's growing construction portfolio and position us to capture new construction opportunities stemming from the $8 billion dollar Federal build-up program for re-locating 5,000 Marines to Guam." He went on to state, "This team of leading construction industry professionals has been on Guam since 1985, and has been responsible for more than 20 major construction contracts for the local commercial and Federal Government. We are now extremely well positioned to capture a significant share of the local commercial and public market which in our opinion will boom over the next decade. Guam is a very beautiful and strategic Island. It not only attracts nearly two million visitors a year, it is also the front line in our military's presence in the Pacific. We are excited to have this team of accomplished professionals join the Pernix Family and look forward to offering our expanded capabilities throughout Micronesia."Pernix's Chairman of the Board, Mr. Don Gunther, stated "This acquisition demonstrates our continued commitment to the Pacific Islands and puts Pernix on a growth trajectory with great value to our shareholders in growing revenue through new opportunities and more robust capabilities." About Pernix Group, Inc. Pernix Group, Inc. is a global company with its headquarters in Lombard, Illinois. The Company is engaged in three primary markets: Federal Government, Commercial & Industrial, and Power. Pernix has full-scale construction and management capabilities, with operations in the United States, Africa, the Middle East, and the South Pacific. 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: Patrick J. Gainer Chief Financial Officer Pernix Group, Inc. Tel: (630) 620-4787 email@example.com