Home Solutions of America Set to Join Russell 3000 Index; Company to also be Added to Small-Cap Russell 2000 Index

Home Solutions of America, Inc. (AMEX: HOM), a provider
of recovery, restoration and rebuilding/remodeling services, announced
today that the Company is set to join the Russell 3000(R) Index when
Russell Investment Group reconstitutes its family of U.S. indexes on
June 30, according to a preliminary list of additions posted Friday on
www.russell.com.
   Membership in the Russell 3000, which remains in place for one
year, means automatic inclusion in the large-cap Russell 1000(R) Index
or small-cap Russell 2000(R) Index as well as the appropriate growth
and style indexes. Home Solutions is expected to be added to the
small-cap Russell 2000 Index. Russell determines membership for its
equity indexes primarily by objective, market capitalization rankings
and style attributes.
   "Home Solutions' inclusion in this prestigious Index reflects the
recognition of the investment community of the strong growth in
revenue and earnings the Company has generated over the last year,"
said Frank J. Fradella, Chairman and CEO of Home Solutions. "Our
inclusion in the Russell 3000 will increase the Company's visibility
with investors and institutions that rely on the Russell indexes as
part of their investment strategy."
   Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $3.8
trillion in assets currently are benchmarked to them. Investment
managers who oversee these funds purchase shares of member stocks
according to that company's weighting in the particular index.
   Annual reconstitution of Russell indexes captures the 3,000
largest U.S. stocks as of the end of May, ranking them by total market
capitalization to create the Russell 3000. The largest 1,000 companies
in the ranking comprise the Russell 1000 while the remaining 2,000
companies become the widely used Russell 2000. These investment tools
originated from Russell's multi-manager investment business in the
early 1980s when the company saw the need for a more objective,
market-driven set of benchmarks in order to evaluate outside
investment managers.
   Russell, a global leader in multi-manager investment services,
provides investment products and services in 44 countries. Russell
manages more than $167 billion in assets and advises clients worldwide
representing $2.4 trillion. Founded in 1936, Russell is a subsidiary
of Northwestern Mutual and is headquartered in Tacoma, Wash., with
additional offices in New York, Toronto, London, Paris, Singapore,
Sydney, Auckland and Tokyo. For more information, go to
www.russell.com.
   Home Solutions is a provider of recovery, restoration and
rebuilding/remodeling services to commercial and residential areas
that are (i) prone to flooding, hurricanes, tornados, fires or other
naturally occurring and repetitive weather related emergencies; and/or
(ii) experiencing robust housing development. The Company has
operations in California, Texas, Florida, Alabama, Georgia, Louisiana,
Mississippi and South Carolina through its five subsidiaries,
Cornerstone Building and Remodeling, Southern Exposure, P.W. Stephens,
Home Solutions Restoration of Louisiana and Fiber Seal Systems.
Cornerstone is a leading supplier and installer of granite materials
for kitchens and baths to national home centers, as well as national
builders and remodeling companies, in the southeastern United States.
Southern Exposure and related companies is a manufacturer and
installer of cabinet and countertop services in the Florida
marketplace. P.W. Stephens provides mold and asbestos remediation
services, and fire and water restoration services in California,
Florida and Louisiana. Home Solutions Restoration of Louisiana
provides Recovery Restoration Services in Florida, Louisiana,
Mississippi and Texas and Fiber Seal Systems is a national licensor of
cleaning and fabric protection businesses.
   For more information on Home Solutions, please see the Company's
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.