Charys Holding Company, Inc. (fka CHYSQ)

[jonesieatl]

Charys Holding Company's C& B Subsidiary signs new contracts, Expanding Emergency Response Clientele

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BusinessWire
10:35 a.m. 11/01/2006


A Client Base Increases Significantly as Acquisition of Cotton Companies Nears
ATLANTA, Nov 01, 2006 (BUSINESS WIRE) -- Charys Holding Company, Inc. ("Charys") (CHYS), a leader in the Integrated Infrastructure and Technology Services sector, announced today that its subsidiary Crochet & Borel Services, Inc. ("C&B"), a leading national provider of recovery, restoration, and rebuilding services, has entered into Advance Emergency Response Agreements with three new clients for the expeditious response and mitigation of future property loss.

C&B's agreement with the Louisiana Housing Council, a chapter of the National Association of Housing and Redevelopment Officials, covers over 100 cities in Louisiana including apartment complexes and public housing. C&B will be positioned as an integral part of the Louisiana Housing Council's mission to "...improve standards in all phases of housing and community development."

C&B also announced entering into a new contract with Prologis Properties in Houston, TX. for its multi-location emergency response solution. The agreement covers over 10,000,000 square feet in 96 buildings and provides for immediate restoration response to customers of Prologis property management services.

A new Advance Emergency Response Agreement has also been signed with Capital One, formerly Hibernia Banks, one of the largest banking facilities in the Gulf South. With coverage of 3,000,000 square feet in more than 400 buildings C&B will provide its emergency response solution in support of Capital One's commitment to superior customer service.

"Our customers are our foundation. Nothing is more important to us than meeting their needs. These new agreements are a testament to the quality, commitment and responsiveness we demonstrate to all of our clients. In times of crisis, when they need us most, we are there for them, and they can always expect the very best from us," stated Troy Crochet, president of C&B.

Billy Ray Jr., CEO of Charys, added: "I believe that C&B's proven capacity to bring the necessary amounts of equipment, resources and manpower to bear in a disaster situation are the major factors in the expansion of their client base. And by utilizing the entire Charys business platform we can provide a complete solution for all of our clients which allows for nearly any eventuality."

The closing of the previously announced acquisition of Cotton Companies (Cotton) has been extended to November 15th in order to complete the syndication documentation. C&B and Cotton remain poised to introduce the combined new "Cotton" brand upon closing. Cotton will become the international branding and operating entity and will be one of the largest companies of its kind in the world.