LOMBARD, Ill., Sept. 22, 2015 (GLOBE NEWSWIRE) -- Pernix Group, Inc. (OTCQB:PRXG) proudly announces the appointment of Peter Allen as the President of Pernix Pacific. Mr. Allen has been with Pernix since 2010 and has 33 years of extensive experience in energy, engineering, construction and operations.
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As President of Pernix Pacific, Mr. Allen is responsible for our Pacific region construction and power operations. Mr. Allen's project expertise includes US Embassy compounds, high-rise buildings, military facilities, and industrial facility construction. He also has extensive experience in construction, operations and maintenance of power production facilities, including fossil fuel based and renewable energy technology.
This promotion comes amid Pernix's expanding presence in the Pacific region. Pernix Group has been operating in in the Pacific Rim for over twenty years with subsidiaries in Fiji, Vanuatu, Guam, and a recently established subsidiary in Papua New Guinea. Pernix Group's work in the Pacific has involved all three of our market segments, U.S. Federal, Power, and Commercial & Industrial.
Nidal Z. Zayed, President and CEO of Pernix Group said, "Since Peter joined our company in 2010 and took on the challenge of running our Vanuatu energy utility, he has demonstrated an uncanny ability to understand, synthesize and resolve complex issues. He brought to Pernix a tremendous commitment to customer service and team spirit. Peter's talents and intelligence, his extensive and broad experience in everything we do, and his desire to succeed and understanding of the Pacific Rim makes him the natural choice to lead Pernix Pacific."
Mr. Allen said, "I am excited and very pleased for the opportunity to grow with Pernix Group. My mandate to further develop and expand our presence in the Pacific Rim is a challenge I relish. The Pernix PACRIM team is world class and I am honored by the opportunity to lead them."
Mr. Allen received a B.S. from the University of New Hampshire, a Master of Science in Management from Troy State University, and a Juris Doctorate from Golden Gate University. He is also a Registered Professional Engineer, an attorney, and a former Naval Officer in the United States Navy Civil Engineer Corps. Mr. Allen will be headquartered in Guam.
About Pernix Group, Inc.
Pernix Group, Inc. is a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors Working Abroad for the last four years in a row. Headquartered in Lombard, Illinois, Pernix has operations in the United States, Africa, the Middle East, and the Pacific Rim. Pernix has full-scale construction and management capabilities, in three primary markets: Federal Government, Commercial & Industrial, and Power. Recently, Pernix Group expanded its domestic Commercial & Industrial operations by acquiring KBR Building Group, now known as BE&K Building Group. Pernix also expanded its Pacific operations this year by acquiring assets of DCK Pacific Guam, now operating as Pernix Guam LLC.
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.
