[Congressional Record Volume 147, Number 127 (Wednesday, September 26, 2001)]
[Extensions of Remarks]
[Page E1746]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    TRIBUTE TO PEREZ BROTHERS, INC.

                                 ______
                                 

                        HON. ROBERT A. UNDERWOOD

                                of guam

                    in the house of representatives

                     Wednesday, September 26, 2001

  Mr. UNDERWOOD. Mr. Speaker, I would like to take this occasion to 
congratulate one of Guam's premier construction companies, Perez 
Brothers, Inc., on their Golden Anniversary marking 50 years of service 
to the people of Guam.
  Tracing its origins from a retail outlet of residential electrical 
products operating out of a modest quonset hut in the capital city of 
Hagatna in 1951, Perez Brothers, Inc. has grown to be a great 
contributor in the development of the island of Guam. The company's 
founder, the late Frank D. Perez, Sr., founded the Guam Economic 
Development Authority (GEDA) and introduced Federal Housing Authority 
(FHA) residential financing to Guam.
  The destruction brought about by World War 11 opened a window of 
opportunity for the company to grow and serve the needs of the island. 
The establishment of a concrete block plant in 1952 led to Guam's first 
private housing development, Perezville, in 1954. Soon Perez Brothers 
would rebuild the damaged cathedral in Hagatna. Completed in 1958, the 
Dulce Nombre de Maria Cathedral remains one of Guam's most prominent 
buildings.
  The company continued to grow in the 1960's. The concrete, block and 
crusher plants established in 1959 were augmented by a new two-story 
hardware store in 1962 and another block plant in 1969. By the 1970's, 
the company had acquired a modern and fully equipped asphalt plant that 
enabled Perez Brothers to take part in a number of significant road 
paving projects on the island.
  Several setbacks in the mid-1970's and the early 1980's forced the 
company to downsize. However, the last ten years have been marked by an 
increased share in the construction market. Recently, the company has 
participated in a number of projects including the construction of 
high-rise structures and concrete ``outfall'' for underwater pipes. 
This is in addition to road paving and residential construction.
  Fifty years after Frank Perez, Sr., brought together a conglomerate 
comprising of a hardware store, a concrete block plant, and a 
construction company, a new generation has been tasked to carry on his 
legacy. Thomas ``Tom'' Perez serves as the company's President. 
Margarita ``Marge'' Perez is it's Corporate affairs vice-president 
while Gregory ``Greg'' Perez serves as Personnel and administration 
vice-president and John Perez is the company's Comptroller.
  For the past fifty years, Perez Brothers had been at the forefront of 
Guam's construction industry. I offer them my sincerest congratulations 
on their landmark anniversary. I wish them the best in the years to 
come.

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