Packaged Home Solutions (fka PKGH)

[Mr. Zen]

Packaged Home Solutions, Inc. Announces Expansion and Acquisition Plans for Remainder of 2006
Company Anticipates Closing on Three Strategic Acquisitions Prior to Year End and Opening Two Regional and One Satellite Offices Prior to Year End
Nov 1, 2006 9:00:00 AM
CINCINNATI, OH -- (MARKET WIRE) -- 11/01/06 -- Packaged Home Solutions, Inc. (PINKSHEETS: PKGH) www.packagedhomesolutions.com -- ("PHS" or "The Company"), today announced that its anticipates closing three additional strategic acquisitions, as well as opening regional offices in Tampa, Florida and Dallas, Texas prior to year end.

The Company has accelerated its acquisition strategy and regional expansions since becoming a public company in October, 2006. The acquisitions offer new products and services such as hurricane windows to the Gulf and Atlantic states capable of withstanding Category Five storm winds, as well as more diversified exterior products. These additional product lines will be added to the PHS distribution system in four states, thereby enhancing the products and services offered to its homeowner customer base. Furthermore, the Company will be cross-marketing its kitchen and bathroom products and services to the existing customer base of each manufacturer it is acquiring.

The Company recently appointed Todd Medina as president of PHS Southeast, Inc., which covers the market from Florida north to Virginia and west to Louisiana. Mr. Medina anticipates opening a PHS regional office in Tampa in December 2006, and expands the installation services of the PHS regional offices in Jacksonville and Miami, as well as Tampa, when opened, to include installation services for two national home improvement chains that sell only home improvement products, but do not provide installation services.

The Company will be opening an additional satellite office in Columbus, Ohio prior to the end of the year, which is the fifth office in its Midwest region. As part of this expansion, PHS is in the final stages of negotiating a joint marketing agreement in Columbus with a major restoration company that has agreed to refer all of its kitchen and bath improvement work to the Company. This will allow the Company to enter the Columbus market with a large number of referrals without substantial customer acquisition costs normally associated with starting a new satellite office. Finally, the management of PHS has selected Dallas, Texas as corporate office for its new subsidiary, PHS Southwest, Inc., which will cover the geographic region from Texas west to Arizona and north to Oklahoma. The Company has reached an agreement with a senior executive to lead this subsidiary, and anticipates opening a minimum of six satellite and regional offices in this territory in 2007.

CEO Dan Smith, in discussing the expansion of PHS, stated: "Since we have entered the public market, we now have the access to capital and stock currency to complete acquisitions that have been under consideration for the last several months. The expansion plans that we are announcing today should add a minimum of $7 million of historic gross income and net profits of $1 million. By taking the products manufactured by these acquisitions through our distribution system, we should be able to double gross income and net profits generated by these acquisitions in 2007. Each regional office we open should generate additional gross revenues of $5 million per year, with a net profit of $900,000 per office, with each satellite office generating $3 million of gross income and net income of $600,000. We are clearly now focused on making several strategic acquisitions in the near future and continuing our acquisition strategy in 2007. With the addition of PHS Southwest to our operating subsidiaries, we are well on our way to achieving our goal of having 30 operating offices in twelve states by the end of 2007."

About Packaged Home Solutions

Packaged Home Solutions, Inc., formed in 2004, has created a systematized approach that makes remodeling fast and as "customer-friendly" as possible. The Company's executives have over 138 years of experience in the home improvement business, including senior positions with several of the largest retail home improvement chains in the US. The Company was established to provide consumers with reliable, attractive home improvement solutions, including kitchens, bathrooms, basement and exterior improvements that provide the best in product selection and installation services. The Company focuses on the middle market home in range of $100,000 to $500,000, specializing in improvements to increase the value of the home, and maximizing value of the home for sale in a softening real estate market.

PHS currently has seven offices located in Cincinnati and Dayton, Ohio; Indianapolis, Indiana; Louisville, Kentucky; Jacksonville and Miami, Florida. The Company's intention is to open a regional office in Tampa, Florida prior to the year's end, as well as opening additional satellite offices in Cincinnati and Miami. The Company will be opening regional offices in 2007 in Atlanta, Dallas, Phoenix, Denver and Southern California. These regional offices will then open satellite offices as each market matures. By the end of 2007, the Company plans to have 30 operational offices, making it one, if not the largest home improvement services company in the United States. At that the time, the management of the Company will consider various options to maximize shareholders' value, including a sale to an industry participant.

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FORWARD-LOOKING STATEMENTS

Statements about Packaged Home Solutions, Inc.'s expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. Packaged Home Solutions' actual results could differ materially from expected results. Packaged Home Solutions undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; Packaged Home Solutions will appropriately inform the public.

Contacts:
Investor Relations Contact:
Gerald Kieft
Ryan Audin
Wall Street Resources, Inc.
2646 SW Mapp Road, Suite 303
Palm City, Florida 34990
772-219-7525
http://www.wallstreetresources.net

Packaged Home Solutions:
Mike Klieber
513-733-1800
888-818-4172

CONTACT: http://www.wallstreetresources.net