Charys Holding Company Announces Settlement Agreement Revising Terms of Viasys Purchase Agreement. Settlement Cancels $3.5 Million Note and Revises Payment and Other Obligations.

ATLANTA -- Charys Holding Company, Inc. ("Charys") (OTCBB:CHYS) announced today that it, along with two of its subsidiaries, Viasys Network Services, Inc. and Viasys Services, Inc. (collectively, "Viasys"), have entered into a Mutual Release and Settlement Agreement revising certain terms of the Stock Purchase Agreement dated November 1, 2005, between Charys and New Viasys Holdings LLC ("NVH"), by which Charys acquired Viasys from NVH. Pursuant to today's announced agreement, which is effective as of September 29, 2006, the parties have agreed to waive and release one another from certain closing conditions, payment obligations and indemnification claims under the Stock Purchase Agreement.

Further details regarding this Mutual Release and Settlement Agreement may be found in Charys' Current Report on Form 8-K filed with the Securities and Exchange Commission on November 29, 2006.

About Charys Holding Company, Inc.

Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (OTC Bulletin Board: CHYS.OB) is a publicly traded company focusing on the Integrated Infrastructure Services Market. This market 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' principal 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., Aeon Technologies, Inc., Digital Communication Services, Inc., Ayin Holding Company, Inc., Crochet & Borel Services, Inc., Complete Tower Sources, Inc., and Mitchell Site Acq. Inc.

For more information about Charys visit http://www.charys.com and http://www.corporateevolutions.com/chys.php

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. and its subsidiaries and its and their operations and 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.