Pernix Group Inc. is an international company investing in construction, power generation and broadcasting equipment. Effective yesterday, Pernix advanced from the Pink Sheets to offer its common stock on the OTC Bulletin Board.
Nidal Z. Zayed, CEO and president of Pernix said the move reflects the company’s mission to grow and opens the door for opportunities to increase shareholder value.
“Joining the OTC Bulletin Board is an exciting step for Pernix. We recently began the process of moving to the Bulletin Board and are pleased that we could accomplish this initiative in a relatively short period of time. Our ongoing goal is to achieve growth and enhance shareholder value, and this move supports that strategy and improves our visibility in communicating the Pernix story to a broader base of potential individual and institutional investors,” Zayed stated in the press release.
Pernix has subsidiaries in Germany, in the South Pacific, in the Republic of Fiji and in the Western Pacific islands of Tinian and Saipan in the Commonwealth of the Northern Mariana Islands (CNMI). The company has secured and completed construction projects around the world, including the recent completion of the U.S. Embassy Compound in Fiji, as well as power plants for the government of Fiji and CNMI.
The company’s broadcast equipment installation also crosses international boundaries, with projects in Asia, Europe and Africa.
In 2009, Pernix Group Inc. changed its name from Telesource International as a more accurate reflection of its vision and to support its international expansion strategy.