Charys Holding Company Announces Annual Shareholder Meeting and Call-In Number.ATLANTA -- Charys Holding Company (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.OB), a leader in the Integrated Infrastructure and Technology Services sector, announced today that its annual shareholder meeting will begin at 10:00 a.m., September 30, 2005. The call-in number is 1-800-219-6110. "The Board, management and I look forward to the opportunity to update our shareholders on the progress our organization has made since our last shareholder meeting," said Billy Ray, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Some of the milestones achieved in the first year of implementing the Charys strategy have been the acquisitions of Personnel Resources of Georgia and CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) Telecom, Inc. ("CCI"); recovering from a negative shareholder surplus of $2.2 million to a positive surplus of $712 thousand at fiscal year-end Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. and further as of July 31, 2005 to $2.1 million; implementation of the Build-to-Suit cell tower strategy through alliances with CCI, Red Elm and the newly formed wholly-owned subsidiary AYIN a·yin n. The 16th letter of the Hebrew alphabet. See Table at alphabet. [Hebrew 'ayin, eye, ayin; see ; establishing a new credit facility of $5 million; and achieving profitability. Our improving fundamentals are also evidenced by our share price, which over the past year has more than quintupled from $0.25 per share to a recent price of $1.15 per share. "Through the successes that Charys and its subsidiaries have experienced in the past year, we have been able to gain market and industry recognition, which will aid us in the next stages of implementation of our business plan," said Ray Smith, Chief Financial Officer, Charys. About Charys Holding Company, Inc. Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CHYS.OB) 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 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 un·der·pin·ning n. 1. Material or masonry used to support a structure, such as a wall. 2. A support or foundation. Often used in the plural. 3. Informal The human legs. Often used in the plural. , infrastructure, and back office operations of the telecommunication, cable, electric, and Internet industries serving consumers, businesses and government entities. Charys' principal strategy is to acquire, through mergers and acquisitions, companies that support this underserved segment. For more information about Charys visit www.charys.com. The names of actual companies and products mentioned herein may be the trademarks of their respective owners. Except for financial information contained in this press release, the matters discussed may consist of 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. under 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. The accuracy of the forward-looking statements, including statements regarding future events or the future financial performance of the company, is necessarily subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors including those discussed above are: the company's ability to access capital markets on terms acceptable to it; downturns in economic conditions generally and in the telecommunications and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. markets; the company's ability to continue to develop its product offerings as well as to obtain market acceptance of, and demand for, these products; the company's ability to attract and retain key managerial and technical personnel; competition and competitive pricing pressures; the company's ability to invest in and integrate new businesses; the company's ability to protect its intellectual property rights; the company's ability to successfully develop and commercialize its technology; and the risk factors listed from time to time in documents on file with the SEC. When used in this release, the words "believes," "estimates," "plans," "expects," "should," "will," "may," "might," "anticipates" or similar expressions as they relate to the company, or its management, are intended to identify forward-looking statements. The company, from time to time, becomes aware of rumors concerning the company or its business. As a matter of policy, the company does not comment on rumors. Investors are cautioned that in this age of instant communication and Internet access See how to access the Internet. , it may be important to avoid relying on rumors and unsubstantiated information regarding the company. The company complies with Federal and State law applicable to disclosure of information concerning the company. Investors may be at significant risk in relying on unsubstantiated information from other sources. |
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