LOMBARD, Ill., Dec. 17, 2015 (GLOBE NEWSWIRE) -- Pernix Group, Inc. (OTCQB:PRXG), 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, today announced the $9.9 million dollar award to Pernix Group in joint venture with MAP projects for the Electric Power Corporation contract for the Engineering, Procurement and Construction for the Rehabilitation of Samasoni, Fale ole Fee and Alaoa Small Hydro Power Stations in Western Samoa. This contract is an Electric Power Corporation subproject of the Renewable Energy Development and Power Sector Rehabilitation Project.
“We’re excited about this opportunity to demonstrate our expertise in EPC and Rehabilitation in the Power market and pleased to expand our presence in the Pacific Rim,” said Nidal Z. Zayed, Pernix’s CEO & President.
Pernix currently operates on Fiji, Vanuatu, Guam and Papua New Guinea within the Pacific Rim and has been working in the region for nearly twenty years.
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, Asia, 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.