SOURCE: Pernix Group, Inc.
LOMBARD, IL--(Marketwire - Aug 6, 2012) - Pernix Group, Inc. (OTCBB: PRXG) announced today that the U.S. Department of State recently issued a full Notice to Proceed for the U.S. Embassy rehabilitation project in Niamey, Niger with an estimated value of $26.3 million. Received on July 10, 2012, the full Notice to Proceed from the U.S. Department of State Overseas Buildings Operations (OBO) enables full-scale on-site execution to bring this mission-critical project to an on-time and on-budget completion.
Nidal Z. Zayed, CEO of Pernix Group stated that, "We are extremely excited to continue our work with the Department of State with this important project. We are honored to have received this vote of confidence and support from our government, and we view this award as yet another step in our growing relationship with OBO. Pernix is extremely well-qualified for this type of work, and I am confident that we will provide the US Department of State with the best in class solution for this important project."
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 Energy Projects as an Independent Power Producer. Pernix has full-scale construction and management capabilities, with subsidiaries in the Western Pacific islands of Tinian and Saipan, and in the South Pacific islands of Fiji and Vanuatu. 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.
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.