Home Solutions of America Expands Management Team; Appoints Rick O'Brien to Positions of President and COO and Names Jeff Mattic
January 10 2006 - 9:00AM
PR Newswire (US)
DALLAS, Jan. 10 /PRNewswire-FirstCall/ -- Home Solutions of
America, Inc. (AMEX:HOM) (the "Company" or "Home Solutions"), a
provider of recovery, restoration and rebuilding/remodeling
services, announced today that it has appointed Rick J. O'Brien to
the positions of President and Chief Operating Officer. Mr. O'Brien
had previously been Chief Financial Officer of the Company. The
Company also hired Jeffrey M. Mattich as Chief Financial Officer to
replace Mr. O'Brien in his former role. Mr. Mattich joins Home
Solutions from Baker Distributing Company, Inc. ("Baker
Distributing"), a subsidiary of Watsco, Inc. ("Watsco"). "Due to
the significant growth of our business, we believe our Company will
benefit from Rick assuming the day to day operating
responsibilities, while I focus on more long term strategic
objectives," said Frank Fradella, Chairman of the Board and Chief
Executive Officer of Home Solutions. "Since joining the Company 3
years ago, Rick has played an instrumental role in helping the
Company grow through a series of acquisitions and financings we
have completed. I am also pleased to welcome Jeff to our management
team. His diverse experience at a significant NYSE company, along
with his strong accounting and financial background, will serve the
Company well as we strive to continue our rapid expansion." While
at Baker Distributing, Mr. Mattich was Vice President of its United
States Central Division. Baker Distributing distributes HVAC
products in the United States, including brands such as Carrier,
Whirlpool, and Honeywell, through a national network of wholesalers
and retailers. Prior to joining Baker Distributing, Mr. Mattich was
the President and Chief Financial Officer of Weathertrol Supply,
Inc., another subsidiary of Watsco. Mr. Mattich was previously with
Ernst & Young, LLP in its Merger and Acquisition Group. He was
previously the Chief Financial Officer/Treasurer of PORCELANITE,
S.A. DE C.V. He has also held positions at Villeroy & Boch,
where he was the Chief Financial Officer and Treasurer and Riddell
Athletic Footwear, where he was Vice President and Chief Financial
Officer. Mr. Mattich was awarded a Bachelor of Arts degree from
Bethany College and is a CPA. 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
provider of cabinet and countertop installation 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.
CONTACT: Michael Wachs, CEOcast, Inc. PHONE: 212-732-4300
DATASOURCE: Home Solutions of America, Inc. CONTACT: Michael Wachs
of CEOcast, Inc., +1-212-732-4300, for Home Solutions of America,
Inc. Web site: http://www.homcorp.com/
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