Home Solutions' Florida Subsidiary Announces 40% Increase in Backlog; Increased Capacity for Kitchen Cabinets Allows Company to
28 December 2004 - 2:00AM
PR Newswire (US)
Home Solutions' Florida Subsidiary Announces 40% Increase in
Backlog; Increased Capacity for Kitchen Cabinets Allows Company to
Grow Backlog By Minimum of $4 Million DALLAS, Dec. 27
/PRNewswire-FirstCall/ -- Home Solutions of America, Inc.
(AMEX:HOM), a niche provider of specialty residential services,
announced today that Southern Exposure, its wholly-owned
subsidiary, has increased its year-end backlog to nearly $17
million, an increase of 40% over the same period one year ago. Most
of the backlog will be recognized in 2005. Southern Exposure,
through its 50% ownership of Southern Stone Cabinets, manufactures
and installs kitchen and bath cabinets, as well as other kitchen
and bath related products. "The increase in backlog from our
customers in Florida reflects both the strong demand for our
Specialty Interior Services and our ability to handle significant
growth due to the increased capacity announced earlier this
quarter," said Frank Fradella, Home Solutions' Chairman and CEO.
"Southern Exposure is well-positioned to continue its strong
organic growth in Florida." Home Solutions expects to provide
financial guidance for 2005 when it announces its fourth quarter
and year-end results during the first quarter. PW Stephens, Inc.
and Fiber-Seal Systems are Home Solutions' other operating units.
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 through
organic growth as well as 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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