USACE, Far East District AP Selects Pernix-Kaseman JV for Construction Project in South Korea

MCLEAN, Va., Feb. 27, 2015 (GLOBE NEWSWIRE) -- Kaseman, a Michael Baker International company, announced that the U.S. Army Corps of Engineers (USACE), Far East District AP has awarded the Pernix-Kaseman joint venture (JV) an $11.6 million, firm-fixed-price construction contract, to build a 4,600-sf security facility communication center special area containing administrative offices, located at USAG Humphreys in South Korea. The estimated completion date for the project is September 2016.

"We're very pleased to have been selected for this important effort, and the highly skilled project leadership is motivated to deliver a superior product to a valued client," said Kaseman's Vice President of Construction Kenneth Catlow. "The team is excited to be working with the USACE, Far East District on what promises to be a challenging, but rewarding construction project."

"This is a strategic win that strengthens our portfolio of work in this region of the world," Kaseman's Gretchen Larsen Idsinga, senior vice president, Business Development and Operations stated. "We have established a strong working relationship with Pernix and our recent project and joint venture history aligns well with the requirements of this assignment. We look forward to further developing this relationship in pursuit of similar construction projects."

About Michael Baker International, LLC

Michael Baker International, LLC is a leading global provider of engineering and consulting services which includes planning, architectural, environmental, construction, program management, and full life cycle support services as well as information technology and communications services and solutions. The company provides its comprehensive range of services and solutions in support of U.S. federal, state, and municipal governments, foreign allied governments, and a wide range of commercial clients. Michael Baker International has more than 5,000 employees in over 90 locations across the U.S. and internationally. To learn more visit www.mbakerintl.com.

About Pernix Group, Inc.

Pernix Group, Inc. is a global company with its headquarters in Lombard, Illinois. The Company is engaged in two primary operating business segments: construction services as a Design-Build General Contractor primarily in the federal government and private commercial markets; 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 the United States, 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.