Home Solutions of America Relocates Corporate Headquarters to Dallas; Company Will Combine Overhead Operations With Its Fiber Se
April 01 2004 - 12:08PM
PR Newswire (US)
Home Solutions of America Relocates Corporate Headquarters to
Dallas; Company Will Combine Overhead Operations With Its Fiber
Seal Division HOUSTON, April 1 /PRNewswire-FirstCall/ -- Home
Solutions of America, Inc. , a niche provider of specialty
residential services, announced today that it is re-locating its
corporate headquarters to Dallas, Texas in order to combine
overhead operations with its existing Fiber Seal division. The move
is expected to save approximately $200,000 per year of redundant
expenses. "This is an excellent example of the synergies created by
our consolidation strategy," said Rick O'Brien, Chief Financial
Officer of Home Solutions. "By combining the overhead structures of
Home Solutions with Fiber Seal, the Company can increase its net
income by several hundred thousand dollars without lowering our
service standards. Dallas provides the same quality of professional
services and travel access as Houston." The move is expected to be
completed on or about April 30, 2004. 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 tocertain 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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