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Home Solutions of America Signs Letter of Intent to Acquire Florida Specialty Interior Services Company HOUSTON, Nov. 13 /PRNewswire-FirstCall/ -- Home Solutions of America, Inc. , a niche provider of specialty residential services, today announced that it has signed a letter of intent to acquire a Florida-based specialty interior services company with revenues of $14 million annually. The company has a twelve-year history of profitable growth in the specialty interior installation services industry with over $2.5 million in cash flow. The purchase price values the transaction at approximately $9.5 million. Home Solutions expects to close the transaction before the end of the year. Frank Fradella, Chairman and CEO of Home Solutions, stated, "This letter of intent establishes our first regional platform in Florida as part of our previously announced regional platform strategy. With existing platforms in California and Texas, Home Solutions is now positioned for growth in three major markets in the US. The Florida target company is experiencing greater than 20% top-line growth fueled by Florida's very positive demographic trends." Fradella also said, "Providing specialty installation services to over 600 high-end homeowners per year, this company will allow Home Solutions to offer its complementary cleaning and fabric protection services to an entirely new homeowner base in a new geographic area. Furthermore, we at Home Solutions believe the services that the target offers will be an excellent fit for our existing Restoration and Residential Renovation Sales business segments. Overall, the target business is growing quickly and is highly profitable, and we believe we can increase their growth rate and profitability even more." Home Solutions is a niche provider of specialty residential services including Restoration Services, Cleaning and Fabric Protection Services and Residential Renovation Sales. Home Solutions closed its first acquisition, PW Stephens, in November of 2002 and has subsequently closed two additional acquisitions as part of this strategy. 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: Porter Le Vay & Rose Inc. Cheryl Schneider, VP/Investor Relations Christian Pflaumer, VP/Media Relations Jeff Myhre, VP/Editorial PHONE: 212-564-4700 DATASOURCE: Home Solutions of America, Inc. CONTACT: Cheryl Schneider, VP-Investor Relations, or Christian Pflaumer, VP-Media Relations, or Jeff Myhre, VP-Editorial, all of Porter Le Vay & Rose Inc., +1-212-564-4700, for Home Solutions Of America, Inc. Web site: http://www.hsoacorp.com/

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