Press Release Source: PDG Environmental, Inc.
PDG Environmental Opens Offices in Bakersfield & Las Vegas
Wednesday September 7, 8:30 am ET
Company's Organic Growth/Acquisition Strategy Continues
Mobilization Begins in Response to Hurricane Katrina
PITTSBURGH--(BUSINESS WIRE)--Sept. 7, 2005--PDG Environmental, Inc. (OTC BB: PDGE - News), a national specialty contractor, announced today that it has opened new offices in Bakersfield, California and Las Vegas, Nevada, bringing the total number of PDGE offices nationwide to 16. Both offices will provide the full range of PDGE services including emergency response, reconstruction and mold and asbestos abatement.
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John Regan, Chairman and CEO, stated, "PDG Environmental continues to implement a growth strategy that relies both on acquisition and organic growth. The opening of these two offices is evidence that our organic growth is on track. We view both of these locations as good markets for our services, particularly Las Vegas, where our backlog is already in excess of $1.0 million."
Regan also said, "On a more solemn note, our thoughts and prayers go out to those people and businesses affected by the unimaginable devastation from Hurricane Katrina. PDGE is committed to assisting them in the clean up and rebuilding efforts relying on the extensive experience we gained during last year's hurricane recovery efforts in Florida. We have begun to mobilize manpower and relocate critical resources to the Gulf Coast area in preparation for the tremendous emergency response and rebuilding that will be required. The recent acquisition of Flagship Services Group provides PDGE with a base of operations in Gulf Shores, Alabama and extensive reconstruction capabilities to complement PDGE's established emergency response and loss mitigation services."
PDG Environmental, Inc. is a national specialty contractor providing asbestos abatement, mold remediation, disaster restoration, demolition and related services to its commercial, industrial and governmental clients nationwide. Regional marketing and project operations are conducted through branch offices located in Pittsburgh, Philadelphia, New York, Charlotte, Ft. Lauderdale, Tampa, Pensacola, Houston, Dallas, Phoenix, Los Angeles, Bakersfield, Las Vegas, Portland and Seattle. For additional information on the company, please visit pdge.com. and for more information on mold and its effect on indoor air quality, please visit epa.gov.
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.
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