PDG Environmental Awarded Contracts Worth $10 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 contracts valued, in aggregate, at $10.2 million. Of the total, approximately $4.3 million of the awards represent reconstruction work in Florida, Georgia, California, and Texas, including a $1.5 million extension to an existing job order contract for a school district in Southern California. The remaining reconstruction projects cover commercial space, a medical complex, and a resort community damaged by fire or floods during the past few months, with all work expected to be complete by early 2008. The $1.5 million contract extension will run through the middle of next year.
In addition to these reconstruction projects, PDG Environmental has been awarded approximately $5.9 million in asbestos and lead abatement work covering buildings in Nevada, New York, and California. All contracts are anticipated to be completed by the middle of next year.
"PDG Environmental has seen a rise in the reconstruction business this summer, as indicated by awards covering demolition and restoration at a number of sites impacted by natural disasters," said John Regan, chairman and chief executive officer. "Our sales and marketing initiatives continue to provide us solid opportunities enabling us to maintain a near record backlog position even as the hurricane season has, thus far, proven to be a mild one."
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:
Investor:
Lippert/Heilshorn & Associates, Inc.
Chris Witty / Jody Burfening
212-201-6609
cwitty@lhai.com
or
Company:
PDG Environmental, Inc.
John C. Regan, Chairman & CEO
412-243-3200
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Source: PDG Environmental, Inc.
