Pernix Welcomes Marco A. Martinez As Senior Vice President & CFO

LOMBARD, Ill., Dec. 03, 2015 (GLOBE NEWSWIRE) -- Pernix Group, Inc. (OTCQB:PRXG) proudly announces Marco A. Martinez as its newly-appointed Senior Vice President & Chief Financial Officer. Mr. Martinez is responsible for managing all of Pernix's finance activities, including supervising the accounting and finance functions. He has a background in private and publicly held multi-unit companies in the electrical transmission, distribution and commercial & industrial construction markets.

Mr. Martinez brings 25 years of experience in executive leadership, financial controls, and contract performance.  Most recently, he spent 18 years at MYR Group Inc., a national publicly-traded electrical contractor headquartered in Rolling Meadows, IL., eight of which he served as CFO. His extensive credentials include financial reporting and analysis, budgeting, forecasting, treasury management, investor relations, and mergers and acquisitions.

Mr. Nidal Zayed, President and CEO stated, "I am extremely pleased to add Marco to our executive management team.  He has the absolute right experience that Pernix requires in our CFO spot.  Marco has an excellent personal approach and a very deep understanding of all accounting functions.  His public market and specific industry experience will give all our constituents an increased sense of confidence in our numbers and financial reporting.  Mr. Zayed went on to say "this has been a transformative year for Pernix Group and adding someone of Marco's caliber to our team is consistent with our growth plans."

Mr. Martinez received both his B.S. in Accounting and Masters in Finance degree from Loyola University of Chicago and he also is a Certified Public Accountant.