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To: Galirayo who wrote (20052)	11/1/2006 7:25:09 PM
From: ACAN	Respond to of 23958

Ray; [HSOA} Home Solutions of America Enters Into New Credit Facility Wednesday November 1, 5:35 pm ET Consortium of Major Construction Lenders Provide Company With $60 Million Facility to Support Growth; New Facility Reduces Borrowing Costs Allan

To: Galirayo who wrote (20052)	11/1/2006 7:28:09 PM
From: ACAN	Read Replies (1) \| Respond to of 23958

Ray; [HSOA] Home Solutions of America Acquires Associated Contractors; Acquisition to Allow Company to Participate in $270 Million Rebuilding Project for Stennis Space Center Wednesday November 1, 6:09 pm ET DALLAS, Nov. 1 /PRNewswire-FirstCall/ -- Home Solutions of America, Inc. (Nasdaq: HSOA - News; the "Company" or "Home Solutions"), a provider of recovery, restoration and rebuilding/remodeling services, announced today that it has acquired privately-held Associated Contractors II, LLC ("Associated") for 1.5 million shares of common stock and performance-based incentives. Although the acquisition is expected to be neutral to earnings during the Company's 2006 fourth fiscal quarter, it is expected to be accretive in fiscal 2007. ADVERTISEMENT Associated is one of the leading contractors involved in rebuilding Louisiana and is one of three contractors approved to participate in the rebuilding of NASA's Stennis Space Center located in Kiln, Mississippi under a three-year $270 million Indefinite Delivery Indefinite Quantity contract ("ID/IQ"). Associated currently has a backlog of $22 million in existing contracts. Under the leadership of Scott Sewell, its Managing Partner, Associated has worked in partnership with the Company, including working with Home Solutions on a recently awarded contract valued at $5 million for restoration and rebuilding services in the historic French Market of New Orleans. The ID/IQ contract for the Stennis Space Center, just recently underway, is expected to begin in earnest 2007. Having served in a variety of federal executive positions as an appointee of the last four Presidential administrations, Mr. Sewell has built extensive relationships across the country and particularly in the region. Allan