Home Solutions Awarded Record $825,000 Order; PW Stephens Unit Begins Work on Largest Job in Last Ten Years
January 07 2004 - 8:30AM
PR Newswire (US)
Home Solutions Awarded Record $825,000 Order; PW Stephens Unit
Begins Work on Largest Job in Last Ten Years HOUSTON, Jan. 7
/PRNewswire-FirstCall/ -- Home Solutions of America, Inc. , a niche
provider of specialty residential services, announced today that
its PW Stephens unit, based in California, has been awarded an
$825,000 indoor air contamination project which is being performed
on a large condominium complex in California. The Company has
already started work on the project, which is expected to be
completed in August 2004. "This contract is indicative of the
opportunities available to Home Solutions as a result of growing
demand for our residential services," said Frank Fradella, Chairman
and CEO. "With a successful twenty-year track record throughout the
California marketplace, PW Stephens is a well-respected and trusted
brand. We believe that Home Solutions is well-positioned to pursue
other significant opportunities in California and other markets."
Home Solutions is a niche provider of specialty residential
services including Restoration Services, Cleaning and Fabric
Protection Services and Residential Renovation Sales. Home
Solutions closed its first acquisition, PW Stephens, in November of
2002 and has subsequently closed two additional acquisitions in
July 2003 as part of this strategy. In addition, Home Solutions
currently has two letters of intent outstanding. 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.hsoacorp.com/
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