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CCLM Holdings Emerges from Charys' Chapter 11 Filing.

ATLANTA, May 19 /PRNewswire/ -- CCLM Holdings ("CCLM") announced that on March 12, 2009, it emerged as the new holding company under the Plan of Reorganization (the "Plan") filed by Charys Holding Company, Inc. ("Charys").

As previously announced, Charys filed for Chapter 11 protection on February 14, 2008. Charys' Plan, with the approval of the Committee of Unsecured Creditors, was confirmed on February 25, 2009. Charys emerged from Chapter 11 on March 12, 2009 under the legal name New Holding, Inc., and is now operating as CCLM Holdings.

"We believe that CCLM and its operating subsidiaries, with a much reduced debt load and significant cash resources, are poised to take advantage of the continuing growth of wireless communications and to assist companies around the United States, the Caribbean, Canada and Mexico to recover from natural and man made disasters," said Allen Capsuto, Chairman of the Board.

"CCLM continues operations with its four subsidiaries: Cotton Commercial USA, Inc., (Katy, Texas), Complete Tower Sources, Inc. (Lafayette, Louisiana), LFC, Inc. (Houston, Texas) and Mitchell Site Acq, Inc. (Lafayette, Louisiana) - none of which were part of the reorganization," stated Mr. Capsuto.

This press release contains forward-looking statements, which may include statements concerning CCLM's plans, objectives, goals, strategies, future events or performance, underlying assumptions and other statements which are other than statements of historical facts. Many of the forward-looking statements contained in this press release may be identified by the use of words such as "believe," "expect," "anticipate," "should," "plans," "will," "may," "intend," "estimated," "aim," "on track," "target," "opportunity" and "potential," among others. These statements are subject to uncertainties and risks, including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, the ability to comply with covenants and other agreements governing indebtedness, the ability to repay indebtedness prior to or when it becomes due and/or successfully access the capital or credit markets, and other risks. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. All such forward-looking statements, whether written or oral, and whether made by or on behalf of CCLM, are expressly qualified by the cautionary statements which accompany the forward-looking statements. In addition, you should be aware that any forward-looking statement made in this press release or elsewhere by CCLM speaks only as of the date on which it was made, and CCLM disclaims any obligation or intent to update any of the factors listed above or such forward-looking statements.

About CCLM Holdings, Inc.

Headquartered in Atlanta, GA, CCLM is a privately-held company providing infrastructure services in two primary markets. In the remediation and reconstruction markets, CCLM's services include emergency planning and coordination, response to catastrophic losses, reconstruction and restoration and environmental remediation. In the wireless communications and data infrastructure markets, CCLM provides an array of services including engineering, program management, construction, installation and maintenance, and tower services to large service providers and other business enterprises.

CONTACT: CONTACT: CCLM Holdings, Inc., Main Phone: +1-678-443-2300, Fax: +1-678-443-2320
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Publication:PR Newswire
Date:May 19, 2009
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