PDG Environmental Awarded Contracts Worth $11.5 Million
PDG Environmental, Inc. (OTC BB: PDGE - News), a leading provider of environmental remediation and specialty contracting services, has been awarded a number of contracts in the company's mold remediation, reconstruction and emergency response business worth a total of $5.0 million. Mold contracts include two projects at hotels in Las Vegas valued at up to $2.5 million and a $0.5 million project at an apartment complex in Pittsburgh. The remaining $2.0 million covers three emergency response and reconstruction projects in California, Texas and Pennsylvania.
In addition, the company has been awarded asbestos abatement projects valued at $6.5 million in aggregate, consisting of a $4.5 million contract for a government building in Los Angeles, 2 contracts for industrial facilities in Pennsylvania and Louisiana worth $1.5 million, and a $0.5 million contract for a military facility in Mississippi.
With the exception of the $4.5 million asbestos abatement contract, the company expects to complete work on these projects by the end of the first quarter of fiscal 2008.
"Project activity in the company's mold and reconstruction operations remains strong while bidding opportunities from Katrina related projects are beginning to increase. Overall, these contract awards illustrate the company's geographic diversity, range of service offerings and customer mix," said John Regan, chairman and chief executive officer.
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 18 offices 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.
Jody Burfening
(212) 838-3777
jburfening@lhai.com
or
PDG Environmental, Inc.
John C. Regan
Chairman & CEO
(412) 243-3200
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Source: PDG Environmental, Inc.
