PDG Environmental Announces New Contracts In Excess of $8 Million
PDG Environmental, Inc. (OTC BB: PDGE), a leading provider of environmental remediation and specialty contracting services, announced that it has been awarded a number of contracts for asbestos abatement, lead abatement, interior demolition, and related services worth, in aggregate, over $8 million. This includes three unit-price contracts from New York City's Department of Housing Preservation & Development, valued at $5.4 million, for lead abatement services within the five boroughs; the initial contracts are for a one-year term with an option to be extended. In addition, PDG Environmental has been awarded projects worth $2.1 million for interior demolition, asbestos abatement, and mold remediation in southern Florida, along with $0.6 million for asbestos abatement at four schools in northeastern Pennsylvania. All contracts, with the exception of the New York City work, are expected to be completed this summer.
"We are pleased to announce the continuation of our lead cleanup work in New York City, where we have already provided similar services in excess of $10.0 million," commented chairman and chief executive officer John Regan. "The other business wins announced today serve to highlight the ongoing need for safe, reliable solutions to asbestos abatement, where we one of the largest providers nationwide."
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