PDG Environmental Delays Fiscal 2007 Third Quarter Filing
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 filed a Form 12b-25 with the Securities and Exchange Commission for an automatic five-day extension to file its Quarterly Report on Form 10-Q for the quarter ended October 31, 2006. The Company requires additional time to complete the restatement of the financial statements for the fiscal quarters ended April 30, 2006 and July 31, 2006. The restatement is being made to give effect to the impact of the employee fraud in the Company's Seattle office, a development the Company disclosed in a press released dated November 2, 2006. The Company intends to file its restated financial statements prior to announcing results for the fiscal 2007 third quarter on December 20. Information about the financial impact of the fraud for the fiscal 2007 first and second quarters is contained in the Form 8-K the Company filed today.
The Company will report its fiscal 2007 third quarter results on December 20, 2006 and host a conference call at 11:00 a.m. Eastern on that day. During the call, management will discuss the Company's quarterly performance and financial results. Investors are invited to dial (888) 804-7108 to participate in the call.
Investors will also be able to access an encore recording of the conference call for one week by calling (800) 642-1687, conference ID# 3134332. The encore recording will be available two hours after the conference call has concluded.
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 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.
Jody Burfening
(212) 201-6609
jburfening@lhai.com
or
PDG Environmental, Inc.
John C. Regan
Chairman & CEO
(412) 243-3200
----------------------------------------------------------
Source: PDG Environmental, Inc.
