Home Solutions Of America Inc fka HSOA

[Hockmir]

PR Released About Tampa Project

DALLAS--(BUSINESS WIRE)--Home Solutions of America, Inc. (Nasdaq: HSOA, the "Company" or "Home Solutions"), a provider of restoration, construction and interior services to commercial and residential customers, provided an update on the contract that its Fireline Restoration, Inc. subsidiary ("Fireline") announced on May 31, 2007, when it disclosed that it had been awarded a contract to provide construction management, general contracting and development services for a 635,000 plus square foot retail center and corporate office site located in Hillsborough County, Florida (the "Project"). Fireline has been engaged by South Shore Ventures, LLC ("South Shore Ventures") to develop the Project. Fireline anticipates recognizing approximately $100 million in revenue over the course of the Project's development, anticipated to take 30 to 48 months to complete. The Company expects to begin to recognize revenue during the 2007 third quarter. The Project is located at Highway 41, in Apollo Beach, Florida, directly across from Mirabay Village, a high-end subdivision complex of 1,700 units which is being developed by a leading national developer.

Fireline has retained Genesis Civil Engineering to assist in providing South Shore Ventures with the civil engineering design in connection with the permitting process. In addition to construction services, Fireline will provide various services which are typical during the development phase of the Project. South Shore Ventures has advised the Company that it recently commenced marketing activities relating to the Project. South Shore Ventures has already received zoning approval for the Project, which approval includes a 300,000 square foot retail location and 335,000 square feet planned for business, professional and light industrial purposes. Civil permitting for the Project is underway.

South Shore Ventures, which is owned by Commercial Capital Ventures, LLC ("Capital Ventures"), has a binding agreement to purchase the land underlying the Project. Capital Ventures is 50% owned by an entity that Brian Marshall, a director and the Executive Vice President of the Company, owns a 50% interest (effectively a 25% interest in South Shore Ventures) in, and 50% by unrelated third parties. In addition to its proximity to Mirabay Village, the Project is located adjacent to Waterset, a 4,500 unit complex under development, which is part of the estimated $400-million waterfront community being developed in the Apollo Beach area, approximately 20 minutes from downtown Tampa. To view an artist's rendering of the project, click here: http://www.firelinerestoration.com/content/5940-001-BASE4.pdf

The Company expects to provide an update on the New York projects within the next two weeks, and to hold a conference call for the investment community during the third quarter to further discuss both the Tampa and New York projects.