March 8, 2007 (Dallas, TX) – Home Solutions of America, Inc. (NASDAQ: HSOA) today announced that its Fireline Restoration, Inc. subsidiary was awarded $17 million in contracts to provide construction services on new residential and commercial construction projects in the Tampa, Florida area for a leading regional developer. Under the agreements, the Company will provide construction services, including design, engineering, architectural, labor and materials as well as cabinetry, granite and vanities. Work under several of the projects has already commenced. The new projects are in addition to the previously announced remediation and recovery work the Company commenced in the area last month in connection with the tornadoes that struck the Central Florida region in early February.
“We are pleased that we were able to provide additional services to support the rebuilding efforts that recently commenced in the Central Florida area,” said Brian Marshall, President of the Company’s Restoration and Construction Services Division. “The expertise and reputation that Fireline Restoration has developed in the region over many years has positioned the Company to play an important role in the reconstruction activities underway in Central Florida. In addition, Home Solutions’ ability to not only provide a reliable source of experienced labor, but also to offer granite and cabinetry gives us a competitive advantage with customers seeking a relationship with a contractor who can provide many of the services necessary for the rebuilding process.”
About Home Solutions of America, Inc.
Home Solutions of America, Inc. 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. Its Fireline subsidiary is involved in providing construction services, rebuilding, catastrophic storm response and contents restoration for commercial, industrial and residential properties. Based in Tampa, Fireline is certified in multiple aspects of the restoration industry, including smoke, fire, water and mold. The Company has operations in California, Texas, Florida, Alabama, Georgia, Louisiana, Mississippi and South Carolina. For additional information, please visit the Company’s Web site at http://www.homcorp.com.
Cautionary Notice
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, contracts to be performed, and new opportunities associated with the anticipated rebuilding of the New Orleans area, 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.
