Charys' Aeon Technologies Subsidiary Awarded $2 Million Digital Radio Network Contract.ATLANTA -- Charys Holding Company, Inc. ("Charys") (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : CHYS), a leader in wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. and data infrastructure and in remediation and reconstruction, today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Aeon Technologies, Inc. ("Aeon"), has been awarded a contract for the installation and testing of a terrestrial repeater (1) A communications device that amplifies (analog) or regenerates (digital) the data signal in order to extend the transmission distance. Available for both electronic and optical signals, repeaters are used extensively in long distance transmission. system. Awarded from one of the nation's leading broadband entertainment providers, this contract calls for full turn-key installation, including quality assurance testing and network turn-up services for over 100 sites in a nation-wide project. The terrestrial repeater system will allow for the uplink and re-transmittal of signals, often on different frequencies, to destination locations. It can also greatly enhance the performance of a wireless network by allowing communications over distances much greater than would be possible without it. The estimated value of this contract is in excess of $2 million. Wade Clark, President of Aeon, noted, "This is an exciting new step into our future. As advances are made in communications, our ability to meet our customers' needs continues to exceed expectations. This contract is a great acknowledgement of our commitment to our customer quality demands as a trusted leader in the wireless communication market." This press release contains forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based upon Charys' current expectations and speak only as of the date hereof. Actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including uncertainties as to the nature of the industry, including changing customer demand, the impact of competitive products and pricing, dependence on existing management and general economic conditions. Charys' Annual Report on Form 10-KSB, recent and forthcoming Quarterly Reports on Form 10-QSB, recent Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. and other SEC filings discuss some of the important risk factors that may affect Charys' business, results of operations and financial condition. Management undertakes no obligation to revise or update publicly any forward-looking statements for any reason. About Charys Holding Company, Inc. Headquartered in Atlanta, Georgia, Charys is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. focusing on two primary business lines; (i) remediation and reconstruction, and (ii) wireless communications and data infrastructure. |
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