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Home Solutions' Subsidiary PW Stephens Awarded $1.3 Million
Contract By Camp Pendleton Air Force Base
DALLAS, Dec. 6 /PRNewswire-FirstCall/ -- Home Solutions of America, Inc.
(AMEX:HOM), a niche provider of specialty residential services, announced today
that its PW Stephens, Inc. (PWS) subsidiary, a provider of remedies to
homeowners that have indoor airborne contaminates, has been awarded a contract
worth over $1.3 million to remove mold from over 240 homes at Camp Pendleton
Air Force base in Southern California. The Company may perform additional
services under the contract, which could increase its size and scope.
"Our strong position in the market due to our expertise and longevity in
airborne contaminate removal from the home continues to provide growth
opportunities in California. The combination of continued backlog in
California coupled with our recent contracts resulting from damage due to the
hurricanes in Florida bode well for the 2005 fiscal year," said Scott Johnson,
President of PWS.
"The recent contracts awards in California and Florida continue to demonstrate
the success of integrating our specialty residential services business across
the country. PW Stephens, as Home Solutions' first acquisition, has performed
well in 2004 and has now set its sights on record revenues and organic growth
for 2005," 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 organically as well as through 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/