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Home Solutions' Subsidiary Expects Record Third Quarter Results
Due to Strength in Kitchen Products Business
DALLAS, Sept. 27 /PRNewswire-FirstCall/ -- Home Solutions of America, Inc.
(AMEX:HOM), a niche provider of specialty residential services, announced today
that its Southern Stone Cabinets division, a 50% owned subsidiary of Home
Solutions, will have record third quarter revenues as it experiences a
significant increase in demand for its kitchen cabinets in both new and
remodeled homes. Backlog continues to increase as the recovery from hurricane
Charlie and Frances begins. Southern Stone manufactures kitchen cabinets for
distribution to both new homebuilders and remodeling firms. Home Solutions
consolidates the division's results in its Specialty Interiors Segment.
"We are seeing unprecedented demand for our high-end, custom cabinets in both
the new home market and the remodeling market," said Dave Bacarri, President of
Southern Stone. "The interest, as measured by new business opportunities and
customers, continues to grow daily. As a result, we have begun to increase our
capacity to meet the current demand and to prepare for what we believe is the
beginning of a long-term rebuilding process in Florida."
"While we continue to be saddened by the devastation caused by the hurricanes,
these unfortunate events have created a structural change in Florida for the
services we provide. We believe that the rebuilding process in this area could
lead to opportunities for many years," said Frank Fradella, Home Solutions'
Chairman and CEO.
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 both an internal and an acquisition strategy. 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/