Charys Holding Company, Inc. (fka CHYSQ)

[jonesieatl]

CHYS Subsidiary Completes Initial Cell Tower Purchase

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PRNewswire
10:17 a.m. 07/25/2006


Nineteen towers are purchased in this first tranche of the 53 tower deal signed last month

ATLANTA, July 25, 2006 /PRNewswire-FirstCall via COMTEX/ -- Charys Holding Company, Inc. ("Charys")(OTC Bulletin Board: CHYS) today announced that its wholly owned subsidiary, Ayin Holding Company, Inc. ("Ayin") has closed on the first 19 of 53 cellular towers that it had agreed to buy from Tower Company of Louisiana (TCLA) in a deal struck in June 2006, using corporate funds generated from operations. Per the original agreement, the price per tower is $325,000, resulting in an aggregate price of $6,175,000 for the initial nineteen, all of which are located in Louisiana. Purchase of the remaining 34 towers is expected to be closed over the next several weeks.

Jimmy Taylor, President of Ayin said, "It's a satisfying feeling to have these first nineteen towers under our belt, and we are looking forward to closing on the remaining thirty-four. These newly constructed towers have a very strong anchor tenant and produce a positive cash flow. In addition, all of the towers have tremendous growth potential due to their capacity to handle multiple carriers. Their rural locations make them particularly attractive to cellular companies who are eager to expand into these Tier-2 areas."

Charys' Chairman and CEO, Billy Ray, Jr., commented, "Our management team has met yet another milestone of our business strategy established when we formed Ayin last September, demonstrating our commitment to maintain our position as a complete solution provider in the data/communication infrastructure marketplace. We are pleased that in a very short time we have built a company and established five distinct platforms that not only can offer integrated infrastructure development and technology implementation, through our Ayin, CCI, Viasys and Method IQ subsidiaries, but in the event of a disaster, can provide recovery and reconstruction services through our Crochet & Borel Services subsidiary as well as other complementary services."

About Charys Holding Company, Inc.

Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (CHYS) is a publicly traded company focusing on the fragmented and underserved segment referred to as The Integrated Infrastructure Services Segment. This segment is fundamentally focused on environmental remediation and 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., CCI Telecom, Inc., Digital Communication Services, Inc., Ayin Holding Company, Inc. and Crochet & Borel Services, Inc.

For more information about Charys visit http://www.charys.com .