re: Amex: HOM - $1.65 - Home Solutions of America
Significant news update from the company today.
biz.yahoo.com
Home Solutions' Subsidiary Begins Roll-Out to Service Fortune 50 National Home Retailer
Thursday July 21, 10:02 am ET
New Relationship to Add Significant Revenues and Earnings
DALLAS, July 21 -- Home Solutions of America (Amex: HOM - News), a niche provider of specialty residential services, announced today that Cornerstone Building and Remodeling, Inc., its wholly-owned subsidiary, has begun to provide granite sales and installation services to 40 locations for a Fortune 50 national home retailer. The roll-out will commence regionally and will include areas in and around Birmingham, AL as well as Atlanta, GA. This is the first phase of a multi-store service program that will expand to other locations in the next 12 months.
"We are excited to commence the initial servicing of granite sales and installation for a major home retailer," said Anthony Leeber, Jr., President of Cornerstone Building and Remodeling. "This represents the first step of our five city commitment to provide this type of service. Cornerstone's competitive pricing, logistical expertise, along with our 10 day sales and service installation commitment provides one of America's largest suppliers of home improvement products a truly distinctive advantage to their customers."
"Cornerstone's history in the building center service business suggests that this relationship with a Fortune 50 home retailer will contribute significantly to revenues and earnings," said Frank J. Fradella, Chairman and CEO of HOM. "Cornerstone continues to deliver a compelling mix of products and services, and in addition adds enterprise customers that will assist us in achieving significant growth and an opportunity to provide service variety."
Home Solutions is a niche provider of specialty residential services including Restoration and Specialty Interior Services. The Company has operations in the California, Texas, Florida, Alabama, Georgia and South Carolina markets through its four subsidiaries, Cornerstone Building and Remodeling, Southern Exposure, P.W. Stephens and Fiber Seal Systems. Cornerstone is a leading supplier and installer of granite materials for kitchens and baths to national home centers, as well as national builders and remodeling companies, in the southeastern United States. Southern Exposure and related companies is a provider of cabinet and countertop installation services in the Florida marketplace. P.W. Stephens provides mold and asbestos remediation services, and fire and water restoration services in California and Florida, and Fiber Seal Systems is a national franchise of cleaning and fabric protection businesses.
For more information on Home Solutions, please see the Company's website at homcorp.com .
Statements included in this update that are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the Company's reports filed with the SEC.
HOME SOLUTIONS OF AMERICA, INC.
Contact: Cormac Glynn, CEOcast, Inc.
Phone: 212 732 4300
--------------------------------------------------------------------------------
Source: Home Solutions of America, Inc |
