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Charys Subsidiary Aeon Technologies, Inc. Wins Contracts from Leading International Communications Company.


ATLANTA -- Charys Holding Company, Inc. ("Charys") (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: CHYS), a holding company focused on pursuing growth opportunities within the Technology Infrastructure and Services Support market, announced today that its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 Aeon Technologies, Inc. ("Aeon") has been awarded two separate projects that consist of the implementation of advanced digital microwave radio network and antenna systems. Aeon will provide full turnkey installation and test and turn-up services for both of the projects. The first project consists of a 56-location wireless backhaul solution and the second consists of a 34-location wireless backhaul solution. The projects, valued at $2.2 million, were awarded from one of the industry leading international communications companies in order to provide a ring network for state applications in the Central U.S. and Northwestern U.S.

Wade Clark, President of Aeon, said, "The award of these two projects to Aeon continues to display our ability to manage and successfully implement multiple large scale complex projects."

In a statement by Billy V. Ray, Charys 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. : "Aeon is an excellent example of the Charys business strategy at work. Wade Clark and his organization have continued to meet and exceed our expectations as demonstrated in the improvement in gross profit of 13% in the fourth quarter of our past fiscal year within the operational units he leads. Not only has the operational efficiency of his operating units operating unit

A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon
 improved, but his organization has been a leader in implementing the organic growth through platform cross-selling opportunities within the Charys customer base."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Mr. Ray: "This kind of operational success and business strategy implementation is evident throughout the Charys platforms. With the addition of LFC LFC Liverpool Football Club
LFC Lake Forest College (Lake Forest, IL)
LFC Level of Free Convection (meteorology)
LFC Large Format Camera
LFC Load Frequency Control
, Inc., Crochet and Borel Services, Inc., and Digital Communications Transmitting text, voice and video in binary form. See communications.  Services Inc. in the first fiscal quarter along with our initial purchase of 30 cell towers to date and the expected integration of Cotton Companies, Complete Tower Sources Inc., Mitchell Site Acq. Inc. and Digital Integration Systems Inc. in the second quarter of fiscal 07 a truer picture of the accomplishments of the Charys team will begin to emerge when we file our 10-Q for the third fiscal quarter ending October 31, 2007."

About Charys Holding Company, Inc.

Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (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) 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, 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. 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. 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 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; 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
; risks in technology development and commercialization.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 25, 2006
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