PDG Environmental Awarded Reconstruction Contracts Worth $12.3 Million
PITTSBURGH--(BUSINESS WIRE)--PDG Environmental, Inc. (OTC BB: PDGE - News), a leading provider of environmental remediation and specialty contracting services, today announced that it has recently been awarded reconstruction contracts valued, in aggregate, at $12.3 million. The projects, to be completed by June, 2008, include a $7.6 million restoration project for multi-family complexes in Texas as well as reconstruction work for commercial space, educational institutions, apartment complexes, and medical facilities in Illinois, Nevada, Texas, and Mississippi.
“We continue to see an increase in demand for reconstruction work nationwide, with the Company building a healthy backlog of such services for the fourth quarter of fiscal 2008 and first quarter of fiscal 2009” said John Regan, chairman and chief executive officer. Even with no impact from hurricanes this season, the Company‚”core restoration/reconstruction business continues to grow.”
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 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:
PDG Environmental, Inc.
John C. Regan, 412-243-3200
Chairman & CEO
or
Investors:
Lippert/Heilshorn & Associates, Inc.
Chris Witty / Jody Burfening
212-201-6609
cwitty@lhai.com
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Source: PDG Environmental, Inc.
