FlagshipPDG Awarded Contracts Worth $10.0 Million

Wed Jun 11, 2008 8:30am EDT

* Reuters is not responsible for the content in this press release.

  PITTSBURGH, PA, Jun 11 (MARKET WIRE) -- 
 PDG Environmental, Inc. (dba FlagshipPDG) (OTCBB: PDGE), a leading provider of
environmental remediation and specialty contracting services, today announced
that it has recently been awarded  contracts valued, in aggregate, at $10.0
million, all of which are scheduled to be completed by December 2008.  Of the
$10.0 million of new contracts, $4.9 million are for asbestos abatement and
the remaining $5.1 million are for reconstruction services.  The abatement
projects include approximately $2.6 million of contracts with governmental and
othernon-profit entities and $2.3 million with private commercial entities. 
Thereconstruction projects include restoration projects for multi-family
complexes in
Texas, Georgia, Ohio, and Utah.

    "We continue to be encouraged with the level of new contract awards that the
Company has received, particularly in light of the overall economic climate. 
FlagshipPDG remains focused on increasing our field margins for newly secured
contracts and striving to consistently improve our overall bottom line
performance," said John Regan, chairman and chief executive officer.

    About FlagshipPDG

    FlagshipPDG, headquartered in Pittsburgh, PA, is a leading provider of
specialty contracting services including asbestos abatement, mold remediation,
emergency response, demolition and reconstruction to commercial, industrial
and governmental clients nationwide. With over twenty years experience,
FlagshipPDG has offices nationwide capable of responding to customer
requirements coast to coast. For additional information, please visit
http://www.FlagshipPDG.com.

    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.

    

Investor Contact:
Alliance Advisors, LLC.
Mark McPartland / Chris Camarra
212-398-3487
Email Contact

Company Contact:
John C. Regan
Chairman & CEO
Nick Battaglia
CFO
412-243-3200

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