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CCI-Telecom Announces New Wireless Contract Awards
SAN ANTONIO -- February 25, 2005 -- CCI-Telecom, Inc. ("CCI"), which announced its planned merger with Charys Holding Company, Inc. "Charys" (OTC
BB:CHYS.OB) earlier this month, today announced new contract awards for the first 60 days of 2005.
CCI has been awarded contracts by several major wireless carriers for construction of 42 cell-sites in the first two months of 2005, with an aggregate
contract value of $2.5 million. This represents a 36% increase over the entire prior quarter. According to CEO Mike Novak, "We are extremely pleased to
see tangible proof that business is improving dramatically in the wireless sector and look forward to continuing to serve our long-standing customers."
In addition, CCI announced that it has received well over $400,000 of site acquisition and engineering service contracts in Texas, Colorado, and New
Mexico since January 1, 2005. The company accepted only $337,000 of such contracts for the prior nine-month period following the inception of these
service lines. "This contract volume represents positive market validation for this new line of services for CCI and demonstrates our customers’
confidence in our capability to deliver turn-key cellular site development services," said Jimmy Taylor, Executive Vice President of Business
Development, CCI-Telecom, Inc.
CCI and Charys announced their merger on February 7, 2005 and expect to finalize the transaction in the coming week. The combined company
will continue to focus on expanding their service delivery capabilities in the Integrated Infrastructure Services space with CCI as its platform
operational unit in this market segment. "We are excited to welcome CCI to the Charys family of companies and are pleased but not surprised to
see their sales activity growing rapidly," said Charys CEO Billy Ray. "From the time of our initial conversations with CCI we knew they were well
positioned to benefit greatly from what we believe is the start of a new cycle of accelerating telecommunications investment."
Since inception, CCI has completed projects in 45 states and 21 countries in Latin America and the Caribbean. The completed projects include
approximately 4,000 telecommunication projects and over 100 radar installations. Projected revenue for the current fiscal year (ending March 31,
2005) is approximately $19.5 million.
About Charys Holding Company, Inc.
Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (OTC BB:CHYS.OB) is a publicly traded company focusing on the fragmented and
underserved segment referred to as the Integrated Infrastructure Services Segment. This segment varies widely in scope, but is fundamentally
focused on upgrading the underpinning, infrastructure, and back office operations of the telecommunication, cable, electric, and Internet
industries serving consumers, businesses and government entities. Charys’s principle strategy is to acquire, through mergers and acquisitions,
companies that support this underserved segment. For more information about Charys visit http://www.charys.com.
About CCI-Telecom, Inc.
CCI is a telecommunications infrastructure services business. Headquartered in San Antonio, Texas, the company has 135 employees and satellite offices
in Dallas, Houston, and Lee, Massachusetts. CCI specializes in the development and construction of cellular towers, telephone switching facilities, and
advanced radar installations. The services provided by the company span a broad range of capabilities including telephone system installation, structured
cabling, long-haul fiber, telecom equipment maintenance, as well as installation and services related to microwave, satellite, radar, cellular, and
wireless broadband systems. CCI has been in business since 1980 and has won many awards, including six annual recognitions as a "Top Fifty" company
by the San Antonio Business Journal. CCI enjoys a reputation for high quality and dependability in the wireless, wireline, and radar industries. Its
customers include essentially every major wireless company in the U.S. and various major defense contractors. For more information about
CCI visit http://www.ccitele.com.
NOTE: The names of actual companies and products mentioned herein may be the trademarks of their respective owners.
Forward-looking statements in this release, including statements regarding management's expectations for future financial results and access to
capital markets, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned
that these forward-looking statements regarding Charys Holding Company, Inc., its operations and its financial results involve risks and uncertainties,
including without limitation risks of accessing capital markets on terms acceptable to Charys, downturns in economic conditions generally and in the
telecommunications and data communications markets; risks in product development and market acceptance of and demand for Charys products; risks of
failing to attract and retain key managerial and technical personnel; risks associated with competition and competitive pricing pressures; risks
associated with investing in new businesses; risks related to intellectual property rights and litigation; risks in technology development and
commercialization.
Contact:
Stuart Smith
Red Nine PR
404.261.0707
ssmith@redninePR.com
www.redninePR.com
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