SOURCE: Pernix Group, Inc.

Pernix Group, Inc.

July 23, 2012 16:30 ET

Pernix Group, Inc. Ranks #47 on the Engineering News - Record (ENR) List of Top 50 Contractors Working Abroad

LOMBARD, IL--(Marketwire - Jul 23, 2012) - Pernix Group, Inc. (OTCBB: PRXG) was recognized by Engineering News - Record (ENR) Magazine, a leading publication for the engineering and construction industry, as one of the top 50 contractors working abroad; ranked at No. 47 for 2012 with $49 million of revenue. Pernix Group President & CEO Nidal Zayed said: "Our ability to break into this distinguished group of contractors is a reflection of the trust that our customers place in Pernix Group to deliver large, complex projects in challenging environments, and is the direct result of the high quality work of our dedicated employees. Our showing on the ENR Top 50 Contractors Working Abroad list is a credit to our employees who are our most valuable assets. They are the fabric of our company and their experience, expertise, and commitment to quality are the reasons we achieved this ranking.

"The significant progress we have made is exciting for the entire company and our global presence continues to expand. Pernix Group is building a world-class construction and power company, based on its core values of: Safety, Customer Satisfaction, Reputation, Time, Performance, Leadership, and Agility. Our commitment to safety, quality and the highest ethical standards is evident in everything we do. This notable accomplishment speaks volumes for our achievements. We believe this is the first of many significant accomplishments to come in the near future," he added.

Pernix Group, Inc. is a global company with its headquarters in Lombard, Illinois and a program management office in Vienna, Virginia. The company is engaged in two primary business segments: Construction Services as a Design-Build General Contractor in the Federal and Government market; and building, managing and investing in Energy Projects as an Independent Power Producer and General Contractor. Pernix has full-scale construction and management capabilities, with subsidiaries in the Western Pacific islands of Tinian and Saipan, and in the South Pacific islands of Fiji and Vanuatu. Pernix Group, Inc. common stock is traded on the over-the-counter bulletin board (OTCBB) 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.

Contact Information

  • For additional information contact:

    Gregg Pollack
    Chief Financial Officer & VP-Administration
    Pernix Group, Inc.
    Tel: (630) 620-4787
    gpollack@pernixgroup.com