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:
Chief Financial Officer
Pernix Group, Inc.
Tel: (630) 620.4787
Dresner Corporate Services
Tel: (312) 726.3600