Home Solutions' Subsidiary PW Stephens Awarded $1.3 Million Contract By Camp Pendleton Air Force Base
07 December 2004 - 2:16AM
PR Newswire (US)
Home Solutions' Subsidiary PW Stephens Awarded $1.3 Million
Contract By Camp Pendleton Air Force Base DALLAS, Dec. 6
/PRNewswire-FirstCall/ -- Home Solutions of America, Inc.
(AMEX:HOM), a niche provider of specialty residential services,
announced today that its PW Stephens, Inc. (PWS) subsidiary, a
provider of remedies to homeowners that have indoor airborne
contaminates, has been awarded a contract worth over $1.3 million
to remove mold from over 240 homes at Camp Pendleton Air Force base
in Southern California. The Company may perform additional services
under the contract, which could increase its size and scope. "Our
strong position in the market due to our expertise and longevity in
airborne contaminate removal from the home continues to provide
growth opportunities in California. The combination of continued
backlog in California coupled with our recent contracts resulting
from damage due to the hurricanes in Florida bode well for the 2005
fiscal year," said Scott Johnson, President of PWS. "The recent
contracts awards in California and Florida continue to demonstrate
the success of integrating our specialty residential services
business across the country. PW Stephens, as Home Solutions' first
acquisition, has performed well in 2004 and has now set its sights
on record revenues and organic growth for 2005," said Frank
Fradella, Home Solutions' Chairman and CEO. Home Solutions is a
niche provider of specialty residential services including
Restoration Services and Specialty Interior Services. The Company
has operations in the California, Texas, and Florida markets and is
rapidly growing its core business organically as well as through
strategic acquisitions. For more information on Home Solutions,
please see our 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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