August 21, 2007, Dallas, TX - (Business Wire) - Home Solutions of America, Inc. (NASDAQ: HSOA; the “Company” or “Home Solutions"), a provider of restoration, construction and interior services to commercial and residential customers, announced today that its Fireline Restoration, Inc. subsidiary ("Fireline") has entered into a teaming agreement for disaster and recovery services with AshBritt, a leading provider of environmental services based in Pompano Beach, Florida. AshBritt’s clients include numerous counties and cities around the country, and among its past jobs is the cleanup and recovery from several hurricanes and tornados. AshBritt has “first responder” contracts throughout the Gulf Coast and has the potential to provide similar services in the Caribbean in connection with Hurricane Dean and other future storm-related activity. Under the agreement, Fireline is expected to support AshBritt’s “first responder” services by providing pre-positioned infrastructure restoration services while AshBritt will be responsible for debris removal, demolition operations and logistical support. AshBritt currently has pre-positioned contracts throughout the United States with communities that are predisposed to disaster events in any form (hurricanes, tornados, ice storms) which may benefit from securing a contract for response and recovery services prior to an actual event. “We selected Fireline because of its proven and reliable labor force,” said Randy Perkins, AshBritt’s CEO. “Through this agreement, we will be able to offer restoration services in addition to immediate first responder services, such as the hauling of debris. With clients located throughout the country, it was important to us to find a contractor that has a reliable pool of labor and could respond quickly.”
“Home Solutions has worked hard to diversify its business, so it is no longer highly dependent on catastrophic events,” said Brian Marshall, President of the Company’s Restoration and Construction Services Division. “However, we believe it is important to be prepared in the event that we are called upon to respond to storm-related damages. We are pleased that AshBritt, which has a national reputation for providing first responder services in catastrophic events, has selected Fireline.”
AshBritt is a 12-year-old environmental services company providing engineering, construction management, operations/privatization, and other related services. AshBritt is organized in four divisions: disaster recovery services, solid waste services, engineering services, and special environmental services. The company sees six potential hazards that may result in destruction - hurricanes, tornados, floods, wildfires, ice storms, and terrorist activities. AshBritt prepares itself to deal with the damage caused by these events. It also provides non-hazardous waste collection throughout the United States. Among AshBritt’s clients are numerous counties and cities around the country, and among its past jobs is the cleanup and recovery from several hurricanes and tornados. Further information is available at www.ashbritt.com.
About Home Solutions of America, Inc.
Home Solutions of America, Inc. is a provider of restoration, construction and interior services to commercial and residential customers. 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 North Carolina. Home Solutions Restoration of Louisiana, Inc., which does business as Associated Contractors ("Associated"), is a Louisiana based commercial, industrial and residential contractor working in the governmental and private arenas. Associated has been one of the larger players in redeveloping public schools in the aftermath of Hurricane Katrina. Its clients include the State of Louisiana, the City of New Orleans, the Louisiana National Guard, the historic French Market, Louis Armstrong International Airport and the N.A.S.A. Stennis Space Center in Mississippi. For additional information, please visit the Company’s Web site at http://www.hsoacorp.com.
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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, cancellation of contracts and new opportunities associated with the anticipated rebuilding of the New Orleans area and consents from lenders, 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 10-K and 10-Q and other reports filed with the SEC.
