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Home Solutions' Florida Subsidiary Announces 40% Increase in
Backlog; Increased Capacity for Kitchen Cabinets Allows Company to Grow Backlog
By Minimum of $4 Million
DALLAS, Dec. 27 /PRNewswire-FirstCall/ -- Home Solutions of America, Inc.
(AMEX:HOM), a niche provider of specialty residential services, announced today
that Southern Exposure, its wholly-owned subsidiary, has increased its year-end
backlog to nearly $17 million, an increase of 40% over the same period one year
ago. Most of the backlog will be recognized in 2005. Southern Exposure,
through its 50% ownership of Southern Stone Cabinets, manufactures and installs
kitchen and bath cabinets, as well as other kitchen and bath related products.
"The increase in backlog from our customers in Florida reflects both the strong
demand for our Specialty Interior Services and our ability to handle
significant growth due to the increased capacity announced earlier this
quarter," said Frank Fradella, Home Solutions' Chairman and CEO. "Southern
Exposure is well-positioned to continue its strong organic growth in Florida."
Home Solutions expects to provide financial guidance for 2005 when it announces
its fourth quarter and year-end results during the first quarter. PW Stephens,
Inc. and Fiber-Seal Systems are Home Solutions' other operating units.
Home Solutions is a niche provider of specialty residential services including
Restoration Services and Specialty Interior Services. The Company has
operations in the California, Texas and Florida markets and is rapidly growing
its core business through organic growth as well as strategic acquisitions.
For more information on Home Solutions, please see our website at
http://www.homcorp.com/ .
Statements included in this update that are not historical in nature are
intended to be, and are hereby identified as, "forward-looking statements" for
purposes of the safe harbor provided by Section 21E of the Securities Exchange
Act of 1934, as amended by Public Law 104-67. Forward-looking statements may
be identified by words including "anticipate," "believe," "intends,"
"estimates," "expect," and similar expressions. The Company cautions readers
that forward-looking statements including, without limitation, those relating
to the Company's future business prospects are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
indicated in the forward-looking statements, due to factors such as those
relating to economic, governmental, technological, and other risks and factors
identified from time to time in the Company's reports filed with the SEC.
HOME SOLUTIONS OF AMERICA, INC.
CONTACT: Cormac Glynn, CEOcast, Inc.
PHONE: 212-732-4300
DATASOURCE: Home Solutions of America, Inc.
CONTACT: Cormac Glynn of CEOcast, Inc., +1-212-732-4300, for Home
Solutions of America, Inc.
Web site: http://www.homcorp.com/