Exhibit 20

George Westinghouse Technology Center
Building 801 — 1386 Beulah Road
Pittsburgh, Pennsylvania 15235
(800) 972-7341

Investor Contact:		Company Contact:
Alliance Advisors, LLC.		John C. Regan, Chairman & CEO
Mark McPartland / Chris Camarra		Nick Battaglia, CFO
212-398-3487		412-243-3200
ccamarra@allianceadvisors.net

FOR IMMEDIATE RELEASE

FlagshipPDG Announces First Quarter Results

PITTSBURGH, PA, June 12, 2008 — PDG Environmental, Inc. (dba FlagshipPDG) (OTC BB: PDGE), a leading provider of environmental remediation, disaster response and reconstruction services, today reported financial results for the fiscal first quarter ended April 30, 2008.

Revenue for the first quarter of fiscal 2009 was $17.7 million, down 18.4% from the $21.7 million reported in the first quarter of fiscal 2008. Field margin for the first quarter of fiscal 2008 was $4.7 million or approximately 27% of revenue as compared to field margin of $6.5 million or approximately 30% of revenue in the prior year fiscal quarter. The company reported a net after-tax loss of $(1.1) million, or $(0.05) per diluted share in the first quarter of fiscal 2009, compared with net income of $0.3 million, or $0.01 per diluted share in the first quarter of fiscal 2008. EBITDA (earnings before interest, taxes, depreciation and amortization) was a negative $(0.8) million for the current quarter versus a positive EBITDA of $1.3 million for the comparable period in fiscal 2008. Although other direct and SG&A costs were down $0.65 million sequentially from the fourth quarter of fiscal 2008, they did increase by $0.35 million as compared to the first quarter of fiscal 2008 due principally to marketing and re-branding costs, personnel costs for finance and sales professionals, non-cash stock option expense, and ongoing costs for Sarbanes Oxley. In the first quarter of fiscal 2009 and first quarter of fiscal 2008, FlagshipPDG recorded non-cash accounting costs of $0.2 million related to its July 2005 private placement. Average shares outstanding for the quarter rose to 20.8 million for the first quarter of fiscal 2009 from 20.5 million for the first quarter of fiscal 2008.

     “While the first quarter is historically very slow for FlagshipPDG, the revenues for the first quarter of fiscal 2009 were significantly less than anticipated. Two significant projects in New York that were expected to start early in the quarter did not begin to ramp up until April, a large contract with a school district in California did not produce expected revenues, and reconstruction revenues were down significantly from the fourth quarter. Fortunately the two contracts in New York are now going strong, the California contract is beginning to generate additional revenues and we have recently received a number of significant awards on the reconstruction side that will be starting this quarter. Backlog remains strong at about $57 million and we continue to trim overhead costs where appropriate with recent cuts projected to save nearly $700,000 annually. On the strength of the recent backlog additions and ramp-up of existing contracts, we look forward to much improved results for the second quarter,” said John C. Regan, chairman and chief executive officer of FlagshipPDG.

FlagshipPDG will host a conference call on June 12, 2008 at 11:00 a.m. Eastern. During the call, John C. Regan, Chairman and Chief Executive Officer, and Nick Battaglia, Chief Financial Officer, will discuss the Company’s quarterly performance and financial results.

Conference Call Details
Conference Call Details
Date: Thursday, June 12, 2008
Time: 11:00 a.m. (EST)
Dial-in Number: 1-800-762-8779
International Dial-in Number: 1-480-248-5081

It is recommended that participants phone-in approximately 5 to 10 minutes prior to the start of the 11:00 a.m. call. A telephonic replay of the conference call may be accessed approximately two hours after the call through June 19, 2008, by dialing 1-800-406-7325 or 1-303-590-3030 for international callers and entering the replay access code 3884941.

The company makes use of EBITDA (earnings before interest, taxes, depreciation and amortization) as a financial measure which it believes is a useful performance indicator. EBITDA is not a recognized term under generally accepted accounting principles, or “GAAP,” and should not be considered as an alternative to net income/(loss) or net cash provided by operating activities, which are GAAP measures. A reconciliation of EBITDA to net income/(loss) appears at the end of this release as actual results for the quarter.

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.

- Tables to follow —

PDG ENVIRONMENTAL, INC. AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED OPERATIONS
(UNAUDITED)

		For the Three Months Ended April 30,
		2008				2007
Contract Revenues		$	17,715,000			$	21,700,000
Job Costs			13,002,000				15,234,000
Field Margin			4,713,000				6,466,000
Other Direct Costs			2,480,000				2,773,000
Gross Margin			2,233,000				3,693,000
Selling General & Administrative expenses			3,461,000				2,814,000
(Gain) loss on Sale of Fixed Assets			3,000				—
Income (Loss) From Operations			(1,231,000	)			879,000
Other Income (Expense):
Interest Expense			(203,000	)			(271,000	)
Non-cash interest expense for preferred dividends and accretion of discount			(248,000	)			(210,000	)
Interest and other income, net			21,000				5,000
			(430,000	)			(476,000	)
(Loss) Before Income Taxes			(1,661,000	)			403,000
Income Tax (Benefit) Provision			(517,000	)			89,000
Net Income (Loss)		$	(1,144,000	)		$	314,000
Per share of common stock:
Basic		$	(0.05	)		$	0.02
Dilutive		$	(0.05	)		$	0.01
Earnings per share calculation:
Average common share equivalents outstanding			20,814,000				20,502,000
Average dilutive common share equivalents outstanding			—				495,000
Average common share and dilutive common equivalents outstanding			20,814,000				20,997,000

PDG ENVIRONMENTAL, INC. AND SUBSIDIARIES
RECONCILIATION OF EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION (“EBITDA”)
(UNAUDITED)

		For the Three Months Ended April 30,
		2008				2007
Net Income (Loss)		$	(1,144,000	)		$	314,000
Income Tax Provision (Benefit)			(517,000	)			89,000
Interest Expense			203,000				271,000
Non-cash interest expense for preferred dividends and accretion of discount			248,000				210,000
Depreciation and Amortization			450,000				461,000
EBITDA			(760,000	)			1,345,000

PDG ENVIRONMENTAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

		April 30,				January 31,
		2008				2008
		(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents		$	87,000			$	90,000
Contracts receivable, net			19,348,000				22,154,000
Costs and estimated earnings in excess of billings on uncompleted contracts			3,266,000				3,325,000
Inventories			601,000				689,000
Prepaid income taxes			—				—
Deferred income tax asset			1,181,000				1,111,000
Other current assets			1,037,000				94,000
Total Current Assets			25,520,000				27,463,000
Property, Plant and Equipment			12,296,000				12,201,000
Less: accumulated depreciation			10,102,000				9,859,000
			2,194,000				2,342,000
Goodwill			2,614,000				2,614,000
Deferred Income Tax Asset			3,251,000				2,804,000
Contracts Receivable, Non Current			677,000				677,000
Costs in excess of billings, Non Current			3,327,000				3,327,000
Intangible and Other Assets			4,822,000				5,018,000
Total Assets		$	42,405,000			$	44,245,000
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Accounts payable		$	7,936,000			$	9,729,000
Billings in excess of costs and estimated earnings on uncompleted contracts			1,859,000				1,832,000
Accrued income taxes			187,000				255,000
Current portion of long-term debt			394,000				412,000
Accrued liabilities			5,827,000				4,921,000
Total Current Liabilities			16,203,000				17,149,000
Long-Term Debt			10,552,000				10,679,000
Series C Redeemable Convertible Preferred Stock			3,694,000				3,446,000
Total Liabilities			30,449,000				31,274,000
Stockholders’ Equity
Common stock			418,000				418,000
Common stock warrants			1,628,000				1,628,000
Additional paid-in capital			19,857,000				19,728,000
Retained Earnings (deficit)			(9,909,000	)			(8,765,000	)
Less treasury stock, at cost			(38,000	)			(38,000	)
Total Stockholders’ Equity			11,956,000				12,971,000
Total Liabilities and Stockholders’ Equity		$	42,405,000			$	44,245,000

PDG ENVIRONMENTAL, INC. AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED CASH FLOWS
(UNAUDITED)

		For the Three Months Ended April 30,
		2008				2007
Cash Flows From Operating Activities:
Net income (loss)		$	(1,144,000	)		$	314,000
Adjustments to Reconcile Net Income (Loss) to Cash:
Depreciation and amortization			450,000				461,000
(Benefit) Provision for deferred income taxes			(517,000	)			67,000
Interest expense for Series C preferred stock accretion of discount			248,000				210,000
Loss on sale of fixed assets			3,000				—
Stock based compensation			129,000				53,000
Provision for uncollectable accounts			—				(40,000	)
			(831,000	)			1,065,000
Changes in Assets and Liabilities Other than Cash:
Contracts receivable			2,806,000				(1,905,000	)
Costs and Estimated Earnings in Excess of Billings on uncompleted contracts			59,000				58,000
Inventories			88,000				(35,000	)
Prepaid/accrued income taxes			(68,000	)			230,000
Other current assets			370,000				584,000
Accounts payable			(1,793,000	)			541,000
Billings in excess of costs and estimated earnings on uncompleted contracts			27,000				(506,000	)
Accrued liabilities			(81,000	)			(292,000	)
Total Changes in Assets and Liabilities Other than Cash			1,408,000				(1,325,000	)
Net Cash Provided by (Used in) by Operating Activities			577,000				(260,000	)
Cash Flows From Investing Activities:
Purchase of property, plant and equipment			(86,000	)			(137,000	)
Proceeds from sale of fixed assets			1,000				—
Change in other assets			3,000				(25,000	)
Net Cash Used in Investing Activities			(82,000	)			(162,000	)
Cash Flows From Financing Activities:
Proceeds from debt			—				705,000
Payment of premium financing liability			(326,000	)			(289,000	)
Principal payments on debt			(172,000	)			(82,000	)
Net Cash (Used in) Provided by Financing Activities			(498,000	)			334,000
Change in cash and cash equivalents			(3,000	)			(88,000	)
Cash and cash equivalents, beginning of period			90,000				158,000
Cash and Cash Equivalents, end of period		$	87,000			$	70,000
Supplementary disclosure of non-cash Investing and Financing Activity:
Change in goodwill and accrued liabilities for earnout liability			—				(32,000	)
Financing of annual insurance premium		$	1,313,000			$	983,000
Non-Cash purchase of fixed assets financed through capital lease		$	27,000			$	38,000