SOURCE: FlagshipPDG

June 11, 2008 08:30 ET

FlagshipPDG Awarded Contracts Worth $10.0 Million

PITTSBURGH, PA--(Marketwire - June 11, 2008) - PDG Environmental, Inc. (dba FlagshipPDG) (OTCBB: PDGE), a leading provider of environmental remediation and specialty contracting services, today announced that it has recently been awarded contracts valued, in aggregate, at $10.0 million, all of which are scheduled to be completed by December 2008. Of the $10.0 million of new contracts, $4.9 million are for asbestos abatement and the remaining $5.1 million are for reconstruction services. The abatement projects include approximately $2.6 million of contracts with governmental and other non-profit entities and $2.3 million with private commercial entities. The reconstruction projects include restoration projects for multi-family complexes in Texas, Georgia, Ohio, and Utah.

"We continue to be encouraged with the level of new contract awards that the Company has received, particularly in light of the overall economic climate. FlagshipPDG remains focused on increasing our field margins for newly secured contracts and striving to consistently improve our overall bottom line performance," said John Regan, chairman and chief executive officer.

About FlagshipPDG

FlagshipPDG, headquartered in Pittsburgh, PA, is a leading provider of specialty contracting services including asbestos abatement, mold remediation, emergency response, demolition and reconstruction to commercial, industrial and governmental clients nationwide. With over twenty years experience, FlagshipPDG has offices nationwide capable of responding to customer requirements coast to coast. For additional information, please visit http://www.FlagshipPDG.com.

Safe Harbor Statement under Private Securities Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements, including, but not limited to, deployment of new services, growth of customer base, and growth of service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing or other factors. Deviation may result from risk and uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, availability of capital, operational risks on contracts, and other risks and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement.

Contact Information

  • Investor Contact:
    Alliance Advisors, LLC.
    Mark McPartland / Chris Camarra
    212-398-3487
    Email Contact

    Company Contact:
    John C. Regan
    Chairman & CEO
    Nick Battaglia
    CFO
    412-243-3200