PDG Environmental Awarded Contracts Worth $11 Million
PITTSBURGH--(BUSINESS WIRE)--PDG Environmental, Inc. (OTC BB: PDGE - News), a leading provider of environmental remediation and specialty contracting services, announced today that it has been awarded contracts valued, in aggregate, at $11.0 million. These awards include $5.4 million for reconstruction services, comprised of a $5.0 million extension to an existing job order contract for a Southern California school district, along with a new project worth $0.4 million for a nursing home in Texas. The remaining $5.6 million of awards covers asbestos abatement services for a manufacturing facility and office buildings in New York and a school in North Carolina. All projects are expected to be completed by the end of December, 2007, with the exception of the $5 million reconstruction contract extension, which will run through July 2008.
"PDG Environmental continues to build a solid backlog this fiscal year," said John Regan, chairman and chief executive officer. "These new awards show the strength of both our asbestos and reconstruction operations across the U.S., now served by a much leaner corporate infrastructure."
About PDG Environmental
PDG Environmental, Inc., 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, PDG Environmental has offices nationwide capable of responding to customer requirements coast to coast. For additional information, please visit http://www.pdge.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:
Investors:
Lippert / Heilshorn & Associates, Inc.
Chris Witty, (212) 201-6609
cwitty@lhai.com
or
PDG Environmental, Inc.
John C. Regan, (412) 243-3200
Chairman & CEO
-------------------------------------------------------------
Source: PDG Environmental, Inc.
