Home Solutions of America's Backlog Increases 40% for Fiscal 2004
April 12 2004 - 12:50PM
PR Newswire (US)
Home Solutions of America's Backlog Increases 40% for Fiscal 2004
Specialty Interior Segment Reports Growing Demand for Its Services
HOUSTON, April 12 /PRNewswire-FirstCall/ -- Home Solutions of
America, Inc. , a niche provider of specialty residential services,
announced today that its backlog has increased 40% for the
remaining nine months of its fiscal 2004 year when compared to the
same period one year earlier. Significant orders are being received
from nationally recognized homebuilders, fueling this increase. The
Company's Specialty Interior Segment, which includes the recently
completed Southern Exposure acquisition, is experiencing strong
demand in its Florida marketplace. "Specialty interior services,
consisting of cabinet and countertop installation services, is
poised to show approximately 20% annual organic revenue growth over
the next few years," said Frank Fradella, Chairman and CEO of Home
Solutions. "The acquisition of Southern Exposure dramatically
changed Home Solutions, significantly expanding the size of the
Company and providing a strong regional presence in Florida, one of
the fastest growing markets for niche residential services in the
country. The strong increase in backlog validates our acquisition
strategy and demonstrates that we can acquire and seamlessly
integrate these residential services companies in a manner that
increases our earnings." 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. 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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