Company Expected To Complete $8.5 Million of Work Under the Agreement in 2007 First Quarter

March 15, 2007 (Dallas, TX)--Home Solutions of America, Inc. (Nasdaq: HSOA), the “Company” or “Home Solutions"), a provider of recovery, restoration and rebuilding/remodeling services, announced today that its Fireline Restoration, Inc. subsidiary ("Fireline") received a $25.5 million contract to complete construction services on new residential and commercial construction projects primarily in the South Florida area by providing restoration and construction services. Work under the project will commence on Monday, March 19, 2007. Approximately $8.5 million of the work is scheduled to be completed prior to the end of the first quarter, with the balance of work under the projects scheduled to be completed by the end of the 2007 third quarter. Since the beginning of March, Fireline has announced aggregate new contract awards totaling $52.5 million.

“Over the past six weeks, we have seen a significant increase in activity, particularly in the Florida area,” said Brian Marshall, President of the Company’s Restoration and Construction Services Division. “Fireline was selected for this work, which needs to be completed in a relatively tight time period, as a result of its ability to provide a large pool of experienced and skilled labor. In addition to the recent increase in awarded business, we are bidding on substantial projects due to our reputation for delivering quality work on a timely basis.”
The Company will report fourth quarter and year-end financial results prior to the market opening tomorrow morning and will hold a conference call at 10 a.m. Central Time.
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.hsoacorp.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.

Are you interested in receiving news releases and other email from Home Solutions? If so, please sign up for our email newsletter.

Email:
© 2002 Home Solutions of America, Inc., All rights reserved.
Privacy Policy - Disclaimer