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Pernix Group, Inc. Appoints New President of Pernix Federal

LOMBARD, Ill., Sept. 15, 2015 (GLOBE NEWSWIRE) -- Pernix Group, Inc. (OTCQB:PRXG) proudly announces the appointment of Edward McSweeney to the President of Pernix Federal position. Mr. McSweeney joined Pernix one year ago as Project Director. He brings over 30 years of experience in executive leadership, construction operations, project controls and strategic business growth, with a primary focus on U.S. Federal Government contracting work.

Prior to joining Pernix, Mr. McSweeney held executive leadership positions at Mason & Hanger, Clairmont Global, Jordan-BE&K Federal Group and B.L. Harbert where he last served as Executive Vice President.

As President of Pernix Federal, Mr. McSweeney is responsible for all domestic and international U.S. federal construction operations and strategic growth. Nidal Z. Zayed, CEO & President of Pernix Group, said, "We couldn't be happier with the appointment of Ed as the President of Pernix Federal. Ed is ideally suited to run our Government work. He has decades of relevant experience with the Department of State, U.S. Army Corps of Engineers, Department of Defense and other agencies on projects spanning the globe." Mr. Zayed went on to say that "most significantly, Ed brings the type of even keeled and thoughtful management style that fits perfectly within our culture. He's respected by all who know him, and in the short year he's been with Pernix has earned the admiration of the entire company. I have no doubt that Ed will have enormous success as President of Pernix Federal."

Mr. McSweeney said, "I am very happy and excited for the opportunity to lead the Pernix Federal business. The Pernix team has been very welcoming and we are all excited about what the future holds for our company. It's a sincere pleasure to be part of this team and I look forward to being at Pernix for years to come."

Edward is a graduate of Michigan State University where he received Bachelor of Science in Civil Engineering.

About Pernix Group, Inc.

Pernix Group, Inc. is a construction company recognized by Engineering News Record for being one of the Top 50 American Contractors Working Abroad for the last four years in a row. Headquartered in Lombard, Illinois, Pernix has operations in the United States, Africa, the Middle East, and the Pacific Rim. Pernix has full-scale construction and management capabilities, in three primary markets: Federal Government, Commercial & Industrial, and Power. Recently, Pernix Group expanded its domestic Commercial & Industrial operations by acquiring KBR Building Group, now known as BE&K Building Group. Pernix also expanded its Pacific operations this year by acquiring assets of DCK Pacific Guam, now operating as Pernix Guam LLC.

Pernix Group, Inc. common stock is traded on the over-the-counter quotation board (OTCQB) under the symbol PRXG. Additional information is available at www.pernixgroup.com.

Forward-Looking Statement

Certain of the statements made in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and other factors that could cause or contribute to actual results differing materially from such forward-looking statements are discussed in greater detail in the Company's filings with the U.S. Securities and Exchange Commission.

CONTACT: Contact Investor Relations: investorrelations@pernixgroup.comSource:Pernix Group, Inc.