PDG Environmental, Inc. Announces $1.7 Million in New Awards; Backlog Exceeds $30.0 Million


MONROEVILLE, Pa., Dec. 19 /PRNewswire/ — PDG Environmental, Inc. (OTC Bulletin Board: PDGE)

today announced the award of three contracts totaling approximately $1.7 million, including projects for a major retailer and Occidental Chemical. Each of the contract values is between $500,000 and $600,000. The retail project is located in New Jersey and will start in early January and be completed by mid-April. The Occidental Chemical project will start in early spring and involves asbestos abatement and reinsulation at Occidental’s Niagara Falls Facility. The third project involves removal of asbestos fireproofing from an 18-story office building in St. Louis and is scheduled to start in January and be completed in 5 months.

“The award of these three contracts continues to add to PDG Environmental’s record backlog, which is now in excess of $30 million. All three projects are for valued customers and we are pleased to be performing services for them again,” stated John Regan, Chairman and CEO.

PDG Environmental, Inc. is a leading provider of asbestos abatement and related services dedicated to assisting its commercial, industrial and governmental clients in complying with environmental laws and regulations.

Certain of the above statements may be forward looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including competitive developments and other risk factors listed from time to time in the Company’s SEC reports.

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