Home Solutions' Subsidiary Begins Roll-Out to Service Fortune 50 National Home Retailer
22 July 2005 - 1:02AM
PR Newswire (US)
Home Solutions' Subsidiary Begins Roll-Out to Service Fortune 50
National Home Retailer New Relationship to Add Significant Revenues
and Earnings DALLAS, July 21 /PRNewswire-FirstCall/ -- Home
Solutions of America (AMEX:HOM), a niche provider of specialty
residential services, announced today that Cornerstone Building and
Remodeling, Inc., its wholly-owned subsidiary, has begun to provide
granite sales and installation services to 40 locations for a
Fortune 50 national home retailer. The roll-out will commence
regionally and will include areas in and around Birmingham, AL as
well as Atlanta, GA. This is the first phase of a multi-store
service program that will expand to other locations in the next 12
months. "We are excited to commence the initial servicing of
granite sales and installation for a major home retailer," said
Anthony Leeber, Jr., President of Cornerstone Building and
Remodeling. "This represents the first step of our five city
commitment to provide this type of service. Cornerstone's
competitive pricing, logistical expertise, along with our 10 day
sales and service installation commitment provides one of America's
largest suppliers of home improvement products a truly distinctive
advantage to their customers." "Cornerstone's history in the
building center service business suggests that this relationship
with a Fortune 50 home retailer will contribute significantly to
revenues and earnings," said Frank J. Fradella, Chairman and CEO of
HOM. "Cornerstone continues to deliver a compelling mix of products
and services, and in addition adds enterprise customers that will
assist us in achieving significant growth and an opportunity to
provide service variety." Home Solutions is a niche provider of
specialty residential services including Restoration and Specialty
Interior Services. The Company has operations in the California,
Texas, Florida, Alabama, Georgia and South Carolina markets through
its four subsidiaries, Cornerstone Building and Remodeling,
Southern Exposure, P.W. Stephens and Fiber Seal Systems.
Cornerstone is a leading supplier and installer of granite
materials for kitchens and baths to national home centers, as well
as national builders and remodeling companies, in the southeastern
United States. Southern Exposure and related companies is a
provider of cabinet and countertop installation services in the
Florida marketplace. P.W. Stephens provides mold and asbestos
remediation services, and fire and water restoration services in
California and Florida, and Fiber Seal Systems is a national
franchise of cleaning and fabric protection businesses. For more
information on Home Solutions, please see the Company's 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. 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.homcorp.com/
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