FOR IMMEDIATE
RELEASE
PRIMORIS ADOPTS SECURITIES
TRADING PLAN UNDER SEC RULE 10B5-1
TO REPURCHASE COMMON STOCK
PURCHASE WARRANTS
Lake Forest, CA – March 27, 2009 –
Primoris Services Corporation (Nasdaq: PRIM) (Nasdaq: PRIMU) (Nasdaq:
PRIMW) (“Primoris” or the “Company”), one of the largest specialty
contractors and engineering companies in the United States, today announced that
it has entered into a Rule 10b5-1 trading plan with CJS Securities, Inc. to
facilitate the repurchase of up to $1,000,000 of its common stock purchase
warrants. Each warrant entitles the holder to purchase one
share of the Company’s common stock at a price of $5.00 per share and is
exercisable at any time on or prior to October 2, 2010, unless earlier redeemed
(the “Warrants”).
From and
including March 27, 2009 through May 15, 2009, CJS Securities will effect a
purchase or purchases of the Warrants subject to the limitations set forth in
the plan.
About
Primoris
Primoris,
through various subsidiaries, is one of the largest specialty contractors and
engineering companies in the United States, primarily serving the growing power
and energy sectors. Primoris provides a wide range of construction, fabrication,
maintenance and replacement services, as well as engineering services to major
public utilities, petrochemical companies, energy companies, municipalities and
other customers. Primoris is also a leading water and wastewater
contractor in the state of Florida, and a specialist in designing and
constructing complex commercial and industrial concrete structures in
California. For additional information on Primoris, please visit
www.primoriscorp.com.
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