PDG Environmental Awarded $17.1 Million in New Contracts
Wednesday February 6, 12:22 pm ET
PITTSBURGH, PA--(MARKET WIRE)--Feb 6, 2008 -- PDG Environmental, Inc. (OTC BB:PDGE.OB - News), a leading provider of environmental remediation and specialty contracting services, today announced that it has recently been awarded contracts valued, in aggregate, at $17.1 million, all of which are scheduled to be completed by October 2008. Of the $17.1 million of new contracts, $11.8 million are for asbestos abatement and the remaining $5.3 million are for reconstruction services. The abatement projects include approximately $4.8 million of contracts with governmental and other non-profit entities and $7.0 million with private commercial entities. The projects include the removal of asbestos in structures such as auditoriums, community centers, museums, airports and retail businesses throughout the country. The reconstruction projects include restoration projects for multi-family complexes in Texas as well as reconstruction work for commercial space in Kansas.
"We are very pleased to begin our new fiscal year with positive strength in our business as demonstrated by this level of new contract awards," said John Regan, chairman and chief executive officer. "We continue to see good demand for our abatement and reconstruction services nationwide as we focus on growing the company while improving margins."
