InvestorsHub Logo
Followers 0
Posts 32
Boards Moderated 0
Alias Born 04/08/2004

Re: None

Saturday, 08/05/2006 1:39:42 PM

Saturday, August 05, 2006 1:39:42 PM

Post# of 196
$15 mill revs for Viasys over 2-yr period

Charys Holding Co. Subsidiary Lands Two Additional Contracts Viasys Services, Inc. to provide further infrastructure services in Sarasota County, Florida

ATLANTA, Aug 02, 2006 /PRNewswire-FirstCall via COMTEX/ -- Charys Holding Company, Inc. ("Charys")(OTC Bulletin Board: CHYS), a provider in the Integrated Infrastructure & Communications services market focusing on the Data/Communication Network segment, today announced that its subsidiary, Viasys Services, Inc. ("Viasys"), has been awarded two additional contracts to the previously announced transaction with a leading provider of voice and data communications systems in the Tampa Bay area. Under the initially stated terms of the contract, Viasys will provide infrastructure services that include underground construction and a raceway or conduit system that can accommodate fiber optic and/or copper cable for their residential and commercial voice and data communications systems in Sarasota County, Florida. These two projects, which are a part of a larger program commissioned by the Florida Department of Transportation, will commence immediately.
In addition, Viasys has been assigned projects from the same awarding authority involving Fiber To The Premises (FTTP). These projects will provide further infrastructure services in Sarasota County, Florida. The current estimates are approximately 600,000 ft. of raceway infrastructure system for the remaining period of 2006 and 1.4m ft. in 2007. Furthermore, in the last three weeks Viasys has added an additional 80 people for the new projects and plans on adding another 80 over the next eight weeks. The new people consist of 25 percent in-house and 75 percent subcontractors.

Vice President and Director of Operations at Viasys, Jim Hemrich, commented that, "We are excited and proud of our relationship with this premier provider of voice and data communications. Our relationship with them has continued to grow over the past several years and is strengthened with each additional contract. With the on-going and increasing work from them, it demonstrates the confidence they have in our ability to perform to their expectations."

Billy V. Ray, Jr., Chairman and CEO of Charys observed, "This addition to the original deal is an important part in expanding the work done by Viasys in the Greater Tampa Bay area. These contracts will represent approximately $15 million in revenue for Viasys over a two year period. Consequently, our subsidiaries are demonstrating the organic growth opportunities that exist within our organization as we continue to implement our business strategy."

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 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.


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.