Charys Holding Company, Inc. (fka CHYSQ)

[jonesieatl]

Charys Holding Company, Inc. Applies for Listing on The NASDAQ Capital Market

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BusinessWire
09:24 a.m. 06/12/2006


ATLANTA, Jun 12, 2006 (BUSINESS WIRE) -- Charys Holding Company, Inc. ("Charys") (CHYS) announced today that it has filed an application to become listed on the NASDAQ Capital Market. It is anticipated that listing on the NASDAQ Capital Market will be initiated within six to eight weeks. Charys, with 19.4 million shares outstanding, has a market cap of approximately $194 million.

Charys' Chairman and Chief Executive Officer, Billy Ray, Jr., commented that the rapid growth of Charys over the past twelve months warrants the move to the NASDAQ Capital Market. "Charys has exhibited tremendous growth in nearly every measurable way, driving our fundamentals beyond NASDAQ listing requirements. This expansion, which today positions Charys as a complete solution provider to the business services segment of the greater infrastructure market, has been achieved through a strategy of disciplined organic development and strategic synergistic acquisitions. We believe listing on the NASDAQ Capital Market will provide greater visibility for Charys' stock and will improve the flow of information to our shareholders and potential investors as we pursue this strategy," Mr. Ray said.

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 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. Charys subsidiaries include: Viasys Services, Inc, Personnel Resources of Georgia, Inc., Method IQ, Inc., Charys Technology Group, Inc., CCI Telecom, Inc., and Ayin Holding Company, Inc. For more information about Charys visit http://www.charys.com .