LifeGoal Home Down Payme... (AMEX:HOM)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more LifeGoal Home Down Payme... Charts. Click Here for more LifeGoal Home Down Payme... Charts.](/p.php?pid=staticchart&s=A%5EHOM&p=8&t=15)
Home Solutions to Begin Restoration Work in Florida
Company Expects Additional Revenue of $3-$5 Million Over 12 Month Period as a
Result of New Work From Recent Hurricane Activity
DALLAS, Sept. 13 /PRNewswire-FirstCall/ -- Home Solutions of America, Inc.
(AMEX:HOM), a niche provider of specialty residential services, announced today
that it has commenced restoration services in Florida in response to the recent
hurricanes. The company will employ the restoration expertise from its P.W.
Stephens subsidiary in California to perform hurricane disaster repairs in
Florida as part of the services that its Florida-based subsidiary Southern
Exposure will provide. The Company anticipates additional revenue of $3-$5
million from these activities will be realized by the end of the second quarter
of 2005. These revenues are not in its current guidance.
To facilitate the opportunity, the company announced that it will enter into a
strategic alliance with Summers-Perini, a licensed general contractor in
Florida, Georgia, North Carolina and South Carolina. The firm will act as
construction manager while Home Solutions will perform the majority of the
repair work associated with the storm's damage. The company intends to
maintain a fire and water restoration business in South Florida.
"Unfortunately, the devastation associated with both of these tremendous storms
has created an overwhelming need for our services," said Frank Fradella, Home
Solutions' Chairman and CEO. "We are scaling our operations in the area as
rapidly as possible, to be able to meet the unprecedented demand. We decided to
collaborate with Summers-Perini because of its operating knowledge of the
disaster stricken areas as well as its knowledge of construction management.
Our ability to quickly and seamlessly integrate the services of P.W. Stephens
into our Southern Exposure subsidiary provides a powerful example of the
synergies that our acquisition strategy provides."
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/