SOURCE: Pernix Group, Inc.

Pernix Group, Inc.

February 09, 2010 15:03 ET

Pernix Group, Inc. Retains Dresner Corporate Services to Serve as Its Investor Relations Agency

LOMBARD, IL--(Marketwire - February 9, 2010) - Pernix Group, Inc. (PINKSHEETS: PRXG), an international company specializing in the construction, power generation and broadcast equipment manufacturing markets, announced today that it has selected Dresner Corporate Services, Inc., a strategic communications agency, to develop and implement a comprehensive investor relations and communications program. The goal of the program is to increase the visibility of the Company's growth strategy and explain its financial performance to shareholders, potential investors and the financial media.

Lombard, Illinois-based Pernix Group, Inc. also recently changed its name from Telesource International in line with the Company's new strategic direction and plans for growth and shareholder value enhancement.

"Pernix is building on a successful track record managing complex domestic and overseas construction projects and power generation projects. Now we are seeking to enter adjacent markets, as evidenced by our recent purchase of a majority interest in TransRadio SenderSysteme Berlin AG, a company which specializes in the research, development, design and manufacture of AM, VHF/FM and DRM broadcasting systems," said Nidal Z. Zayed, chief executive officer of Pernix Group, Inc. "We believe that Dresner will help us enhance our shareholder communications and assist us in telling our story to a wider base of potential investors, analysts, and customers."

Steve Carr, managing director of Dresner Corporate Services, said, "Pernix has established a strong reputation within its markets by executing complex projects on time and within budget while adhering to strict quality control measures. We are very enthusiastic about Pernix's plans for growth and shareholder value enhancement, and look forward to providing leading-edge Investor Relations services to ensure that its expanding shareholder base is kept abreast of unfolding corporate developments."

About Pernix Group, Inc.

With full-scale construction and management capabilities, Pernix Group, Inc. is a global company engaged in three primary business segments: construction services as a design-build general contractor in the government market; an independent power producer, building, managing and investing in credit-worthy and bankable energy projects; and broadcast equipment manufacturing through its majority interest in TransRadio SenderSysteme AG. Pernix has subsidiaries in the Western Pacific islands of Tinian, Saipan and the South Pacific island of Fiji. In 2007 Pernix Group led a joint venture that was awarded a multi-million dollar contract to build the new United States Embassy in Suva, Fiji. The Pernix Group's international headquarters are located in Lombard, Illinois. 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.

About Dresner Corporate Services

Dresner Corporate Services (DCS) is a strategic communications firm specializing in public and investor relations. DCS is focused on delivering tangible, measurable results leading to a superior return on investment for its clients. Through a structured process emphasizing a balance of quantitative and qualitative analysis, the agency helps its clients clarify and package their messages, then target audiences in investment, business and consumer marketplaces. DCS is affiliated with Dresner Partners, a NASD registered middle-market investment bank which provides financial advisory services including institutional private placements of debt and equity, merger & acquisition advisory, and valuation and strategic consulting. More information is available at www.dresnerco.biz.

Contact Information

  • For additional information on Pernix Group, Inc. contact:
    Greg Grosvenor
    Chief Financial Officer
    Pernix Group, Inc.
    Tel: (630) 620.4787
    ggrosvenor@pernixgroup.com

    Or

    Steve Carr
    Managing Director
    Dresner Corporate Services
    Tel: (312) 726.3600
    scarr@dresnerco.com