Charys Holding Company, Inc. (fka CHYSQ)

[jonesieatl]

CHYS Increases Previously Stated Guidance for CTSI/MSAI and Ayin Tower Management Services Inc.

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BusinessWire
09:39 a.m. 09/15/2006


ATLANTA, Sep 15, 2006 (BUSINESS WIRE) -- Charys Holding Company, Inc. ("Charys") (CHYS) today announced that it has completed an internal integration phase within its Ayin Tower Management Services Inc. subsidiary. Concurrent with this integration review Charys announced an upward revision to its estimate of the impact of the previously announced acquisitions of Complete Tower Sources, Inc. ("CTSI") and Mitchell Site Acquisition, Inc. ("MSAI"), which will be included in the results of the quarter ending October 31, 2006.

Billy Ray Jr., Chairman and CEO, estimated, "Given the current performance and run rate of these companies we expect, in the second quarter of 2007, that the acquisitions of CTSI and MSAI as well as a full quarter of revenue from Ayin Tower Management Services Inc. will add second fiscal quarter revenue of approximately $20 million, an increase from the previously estimated $7 million. We are delighted with the performance of our management team, who remain focused on maintaining their historically vibrant performance of their individual companies, while simultaneously integrating successfully into the Charys platform business model."

About Charys Holding Company, Inc.

Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (CHYS) is a publicly traded company focusing on the Integrated Infrastructure Services Market. This market 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' principal 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., Aeon Technologies, Inc., Digital Communication Services, Inc., Ayin Holding Company, Inc., Crochet & Borel Services, Inc., Complete Tower Sources, Inc., and Mitchell Site Acq. Inc.

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

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