Charys Holding Company, Inc. Closes Acquisition of C&B Services Inc.; Deal is Accretive to Earnings and Positions Charys as a Complete Solution Provider.

ATLANTA -- Charys Holding Company, Inc. ("Charys") (OTCBB:CHYS) today announced the definitive closing of its acquisition of Crochet & Borel Services Inc. ("C&B") of Houston, TX.

Occurring less than 45 days after entering into a Letter of Intent, it is the largest of six strategic acquisitions that Charys has completed within the past two years. Based on last year's revenue numbers for C&B, the acquisition is expected to increase Charys' annual consolidated revenue run rate to approximately $350 million, and be immediately accretive to earnings.

C&B, one of the nations leading disaster remediation and service providers, reported in calendar year 2005 unaudited gross revenues of $244 million and pre-tax profit of $80 million. The company serves a blue-chip client base that includes Wal-Mart (NYSE: WMT), Chevron-Phillips Refinery, SunTrust (NYSE: STI), the US Department of Homeland Security, JC Penney (NYSE: JCP), the US Naval Hospital (Pensacola) and the Housing Authority of New Orleans ("HANO"), among others. As previously reported on May 8, 2006 HANO awarded C&B an additional contract for increased participation in the restoration and emergency services related to Hurricane Katrina, further validating C&B's reputation as a trusted force within the reconstruction segment of the Disaster Recovery Market. HANO is expected to be funded with up to $200 Million through 2007, and C&B anticipates capturing a large portion of the work.

C&B President and founder, Troy Crochet, said, "We're very pleased to be a part of the Charys family and are looking forward to the many new opportunities that will open to C&B as a result of the Charys organization. We expect that our new affiliation with Charys will enable us to further accelerate our organic growth that has already resulted in C&B being recognized by Inc. Magazine as one of the 500 fastest growing private companies in America. In addition, this will facilitate the implementation of an acquisition strategy for our expansion into the reconstruction segment of the disaster remediation industry." Mr. Crochet will retain the title of President of C&B.

Billy V. Ray, Jr., Chairman and CEO of Charys, emphasized the strategic importance of the C&B acquisition to the rapidly expanding Charys portfolio of Business Services capabilities. "C&B's expertise in Disaster Recovery Services is a significant addition to Charys' Infrastructure Technology Services and positions Charys as a total solutions provider for our customer needs ranging from single location urgent events to widespread disaster support. With C&B, Charys now provides our customers with a single source beginning with critical first response and continuing through reconstruction and ongoing service management. The Charys contingency planning model coordinates pre-event planning with our customers and suppliers to ensure the availability of human, technology, and equipment resources. With C&B, it now expands into the disaster remediation environment. Referring to the National Hurricane Center's predictions for a very active 2006 hurricane season, Mr. Ray said "C&B complements the hurricane relief services provided by our subsidiaries, Aeon/CCI-Telecom, Inc. and Viasys Services, Inc., and with Method IQ and Charys Technologies, Charys is able to offer its customers a very crucial service - recovery and restoration of their data/communications networks throughout a natural disaster."

Mr. Ray continues, "Having C&B under our umbrella also opens new avenues of revenue for each of our subsidiaries, linking each company's traditional business with a broad "end to end" customer services plan. This acquisition makes us a complete solutions provider in the business services segment of the greater infrastructure market - offering Integrated Infrastructure Development, Technology Implementation, Disaster Recovery, and Reconstruction Services to a much broader client base. Moreover, the company expects the imminent expansion into new markets, as well as lucrative cross-selling opportunities amongst the Charys subsidiary companies, thus providing the opportunity for the company to increase revenues, improve profitability, and further expand its loyal customer base."

Details regarding the acquisition will be forthcoming in the company's 8-K report.

About C&B Services

C&B is a leading national provider of recovery, restoration, and rebuilding services. Founded in 1994, C&B has grown into one of the largest restoration companies in Southeast Texas with offices in Houston and Port Neches. The company has played a leading role in providing restoration and recovery services in Hurricanes Rita, Wilma and Katrina. The company also provides emergency planning, coordination, and response to catastrophic losses. C&B is a network member of Disaster Kleenup International, a cooperative business network of the top independent restoration companies across North America. This network represents the most experienced, highly informed, and best equipped companies in the restoration industry.

About Charys Holding Company, Inc.

Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (OTC Bulletin Board: CHYS) is a publicly traded company focusing on the fragmented and underserved segment referred to as The Integrated Infrastructure Services Segment. This segment varies widely in scope, but is fundamentally focused on upgrading the underpinning, infrastructure, and back office operations of the telecommunication, cable, electric, and Internet industries serving consumers, businesses and government entities. Charys' principle strategy is to acquire, through mergers and acquisitions, companies that support this underserved segment. Charys subsidiaries include: Viasys Services, Inc, Personnel Resources of Georgia, Inc., Method IQ, Inc., Charys Technology Group, Inc., CCI Telecom, Inc., and Ayin Holding Company, Inc. For more information about Charys visit http://www.charys.com.

NOTE: The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

Some statements in this release, including statements regarding management's expectations for future financial results and access to capital markets, are forward-looking statements. Investors are cautioned that these forward-looking statements regarding Charys Holding Company, Inc., its operations and its financial results involve risks and uncertainties, including without limitation risks of accessing capital markets on terms acceptable to Charys, downturns in economic conditions generally and in the telecommunications and data communications markets; risks in product development and market acceptance of and demand for Charys products; risks of failing to attract and retain key managerial and technical personnel; risks associated with competition and competitive pricing pressures; risks associated with investing in new businesses; risks related to intellectual property rights and litigation; risks in technology development and commercialization.