Charys Holding Company, Inc. Reports Year-End and 4th Qtr. Results.

ATLANTA -- Charys Holding Company, Inc. (OTCBB: CHYS):

--Charys' Crochet & Borel Services ("C&B") subsidiary schedules $35 million Revolving Credit Facility

--Charys Receives FTC Approval of request for Cotton Holdings Acquisition

--Charys Comments on recent Stock Activity

Charys Holding Company, Inc. ("Charys") (OTCBB: CHYS) today announced its financial results for its fourth quarter and fiscal 2006, ended April 30, 2006. The Company will file its form 10-KSB annual report with the SEC on Monday August 21, 2006.

--Charys' subsidiary C&B also announced the scheduled closing of a new $35 million revolving credit facility. The financing is in the form of a Senior Secured Revolving Credit Facility, which will provide up to $35.0 million to C&B, with Charys as the guarantor. Proceeds will be used to refinance certain indebtedness and the initial acquisition of C&B. In addition the Company expects that the financing will support future growth and development initiatives and facilitate the purchase of additional revenue generating assets.

--Charys also announced today that the U.S. Federal Trade Commission has granted Charys' request for early termination of the waiting period effective August 9, 2006 with respect to the previously announced acquisition by Charys Holding Company, Inc of Cotton Holdings 1, Inc. Cotton Commercial USA, LP and Cotton Restoration of Central Texas LP.

--Charys commented today on the recent volatility in its stock price. The Company knows of no business condition or other reason to explain the recent decline in the price of its stock.

Charys anticipates reporting consolidated revenue for the fiscal year ended April 30th, 2006 of $48.6 million, compared with $7.5 million for fiscal 2005. The dramatic increase was due to revenue generated by the acquisitions of Viasys Services, Inc and Method IQ, Inc, both of which were acquired effective November 1, 2005. Operating improvements and cross business synergies drove gross profits higher beginning in the fourth quarter. Gross profit increased, positively impacted by the operating improvements in the fourth quarter 2006.

Operating income from Subsidiaries for fiscal 2006 rose to approximately $2 million compared with $827 thousand for fiscal 2005. The Holding Company activity primarily focused on key acquisitions and financing activities with Holding Company expenses of approximately $2.8 million and one time financing costs of $400 thousand. Charys' consolidated net earnings, which include one time charges resulting from financing activities, the redemption of financing instruments and other indirect financing and acquisition related expenses, resulted in net loss for the year of approximately $1.2 million as compared with the 2005 loss of $790 thousand. Fiscal 2006 results do not include the financials of the recently closed acquisitions of C & B Services, Inc., LFC Inc. or Digital Communications Services, Inc., which were acquired after April 30, 2006 and will be reported in results for the first quarter 2007 which ended July 31, 2006.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were $2.6 million versus $476 thousand in fiscal 2005.

EBITDA Reconciliation: ($ million)       2006            2005
                                         ----            ----
Net earnings (loss)                      ($1.3)          ($0.8)
Less: Interest expense                   $1.8            $0.16
Less: Depreciation and amortization      $1.8            $1.5
Less: Non- cash Consulting expenses      $0.2
EBITDA                                   $2.6            ($0.5)

Charys' President and Chief Executive Officer, Billy Ray, Jr., said he is pleased with the great strides that the Company made during the year. "Our fiscal 2006 financial performance once again demonstrates Charys Holding Company's ability to deliver near-term results while keeping our eye firmly focused on the long-term with deliberate, strategic acquisitions that we expect will accelerate our growth well into the future. I am very proud of our management team who are the driving force that brought Charys from a $7.5 million company to a $48.5 million company in a mere 12 months.

"Longer term, we're intently focused on developing ways to leverage the exceptional capabilities of each of our operating companies to provide even greater value to our customers. An example is with the successful integration of Aeon Technologies we have brought new capabilities increasing customer satisfaction while at the same time dramatically improving operating costs. Also, Method IQ has demonstrated the expertise to bring systems integration and technology solutions thereby greatly enhancing our value to our expanding base of customers. Our proven ability in taking advantage of new platforms and the momentum we continue to generate at our established businesses, and the strong performance of our recent acquisitions that are not part of last year's results, gives us great confidence as we head into fiscal 2007," Mr. Ray added.

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 is fundamentally focused on environmental remediation and 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., CCI Telecom, Inc., Digital Communication Services, Inc., Ayin Holding Company, Inc. and Crochet & Borel Services, 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.