Charys Holding's Cotton Companies Announces New Contracts.Dumas, Arkansas Storm-Related Disaster-Response Projects ATLANTA -- Charys Holding Company, Inc. ("Charys") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CHYS) announced today that its recently acquired subsidiaries Cotton Companies (collectively, "Cotton"), a disaster recovery group of companies specializing in fire and water restoration services, has secured and deployed resources on new restoration projects, for clean up of industrial and health care facilities damaged by recent storm activity in and around Dumas, Arkansas. On Monday, February 26, 2007, Cotton dispatched crews from Dallas and Atlanta that arrived in Dumas and began work the following day. The initial stages of the first two projects are expected to aggregate approximately $500,000 in revenue. Pete Bell, President of Cotton, commented: "These new contracts solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. our reputation as an industry leader, providing fast response to the needs of our customers in storm-prone regions of the country. We were able to mobilize our crews quickly and begin focusing on the task at hand." Bell added: "Based on our ability to respond and provide quality services, we are hoping to secure reconstruction projects in addition to this remediation work. However, we remain aware that quick response to natural disasters can also help the victims and communities that are affected by such events." This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Cotton Companies Cotton is a disaster recovery group of companies specializing in fire and water restoration services ranging from initial project assessment and planning, through catastrophe management reconstruction, restoration and environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a . For more information, visit www.cottoncompanies.com 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 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. |
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