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Charys' CCI Telecom Ranked One of the Nation's 'Top 5 for Towers and Antennae' by Engineering News-Record19 October 2005
Charys Holding Company, Inc. (OTC Bulletin Board: CHYS), a company focused on acquisitions within the high-growth Integrated Infrastructure Services sector, announced today that its subsidiary CCI Telecom ("CCI") is listed in Engineering News-Record's (ENR) Top 400 Contractors Sourcebook 2005 as a "Top 5 in Towers and Antennae." CCI is ranked #5 on the list, which is featured in the article entitled "Market Stabilizes as Communication Becomes Integral to All Businesses" by Lia Steakley. Citing strong industry growth, an excerpt of the ENR article stated, "Data centers and cell towers are still the telecommunication market's bread and butter projects and other parts of the once volatile sector are stabilizing as communications systems become an integral part of many kinds of projects, say industry executives ... The market now is rebounding as corporations with outdated technology upgrade and build new facilities. At the same time, wireless carriers are spending heavily to make networks more reliable and meet increasing customer demand. Integration by recently merged companies, new high-tech services and the need to make networks more reliable are producing a stable flow of projects." Charys Chairman and CEO Billy Ray said, "We are focused on selecting and acquiring profitable, high-growth companies such as CCI that capitalize on the resurgence of business in the global telecom sector. CCI's recognition by the construction industry's leading authority ENR validates the success of our business model. CCI has a blue chip client base and is also expected to benefit from the recent establishment of Charys' build-to-suit cell tower entity Ayin. Ayin will provide CCI Development Master Contracts for site development and construction, as well as on-going pre-development and management services." For more than 130 years, Engineering News-Record has been reporting news and intelligence on the global construction market, and it remains the leader today. For more information on ENR or accessing the article, visit http://www.enr.com.
About Charys Holding Company, Inc. Charys Holding Company, Inc. is pursuing a growth opportunity in the Technology Infrastructure Support and Services market through an acquisitions strategy, focusing on companies that have strong individual reputation, proven and underleveraged growth capability, and significant management commitment tied to Charys-wide synergies. Charys seeks to acquire stable, cash flow positive, small to medium-sized private companies engaged in providing direct services, outsourced services and infrastructure to medium and large enterprise businesses. Charys intends to operate these companies as independent subsidiaries, improving aggregate financial performance by influencing its subsidiaries to develop and leverage beneficial synergistic relationships. For more information, visit http://www.charys.com. Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.
For further information, contact: At the Company: Investor Relations: Charys Holding Company, Inc. OTC Financial Network Ralph Delucia Peter Clark 678-443-2300 781-444-6100 x629 rdelucia@charys.com peter@otcfn.com http://www.charys.com http://www.otcfn.com/chys
Source: PR Newswire
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