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Charys Holding Company, Inc. Secures $2 Million Credit Facility for Subsidiary Method IQ

Posted on: Wednesday, 15 March 2006, 12:00 CST

ATLANTA, March 15 /PRNewswire-FirstCall/ -- Charys Holding Company, Inc. ("Charys") (BULLETIN BOARD: CHYS) today announced that it has entered into a two-year secured credit facility for its subsidiary Method IQ (MIQ) with a national financial institution whereby MIQ will have at its disposal up to a $2 million line of credit.

"The credit facility will enable Method IQ to have the working capital it needs to fund its operations and to expand its customer base," said Billy Ray, CEO of Charys. "With the current trend of capturing larger projects in its market segment, we are happy to provide the company the runway and flexibility it needs to grow and further enhance its position as a leader in its field."

Method IQ is a customer interaction solution provider helping organizations of all sizes within the Communications, Finance, Health Care, and Consumer Services Industries develop and implement efficient and effective processes by implementing new technology solutions in areas of critical business interactions, thus creating a trusted advisor-client relationship.

In Q4 of 2005, Method IQ was awarded three major contracts for providing consulting services and interactive management solutions. The most extensive of the three is DialAmerica Marketing, Inc., a major, national Teleservices organization. DialAmerica Marketing Inc. contracted Method IQ to design and implement a new inbound contact center solution across their organization.

"This credit facility, secured by our parent company Charys Holding Company, Inc., will put us in a strong position to continue our rapid growth and expansion throughout 2006," said Jerry Harrison, CEO, Method IQ. "We look forward to tackling more projects and delivering world-class, compelling services to both new and existing customers."

Charys is currently involved in projects throughout its subsidiary companies that range in scope from the installation of fiber optics networks, cell tower construction, integrated call center management, wireless homeland security solutions, disaster support services, and advanced mobile wireless projects, which include mesh WIFI technology application. Consistent commonality on all these projects is the focus on providing quality services to the customers' data management/transmission and technology needs.

Charys subsidiaries include Method IQ, Viasys Network Services, CCI- Telecom, Inc. and Personnel Resources of Georgia, Inc.

About Method IQ

Method IQ is a leading provider of customer interaction management solutions for organizations in need of building more effective processes and efficient operations. Method IQ assists businesses streamline business processes, leverage and implement emerging and sophisticated technologies, and increase the efficiency of critical business interactions. Over 120 companies leverage Method IQ's wide range of capabilities including business process consulting, system audits and consultation, custom system design, system implementation and integration, support and maintenance, disaster recovery and contact center outsourcing. Method IQ has headquarters in Atlanta, GA. For more information, visit Method IQ on the World Wide Web at http://www.methodiq.com/ or call 1.678.507.1300.

About Charys Holding Company, Inc.

Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. is pursuing growth opportunities in the Integrated Infrastructure Services Segment, which is 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' acquisition strategy focuses on companies that bring a strong individual reputation, proven and underleveraged growth capability, and significant management commitment to the Company. 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/.

Disclaimer: The statements in the press release that relate to the company's expectations are forward-looking statements and the results anticipated by any or all of these forward-looking statements may not occur.

NOTE: The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

For further information, contact: Charys Holding Company, Inc. Morgan Ralph Delucia 678-443-2300 rdelucia@charys.com

Charys Holding Company, Inc.

CONTACT: Morgan Ralph Delucia of Charys Holding Company, Inc.,+1-678-443-2300, or rdelucia@charys.com; or Media, Stuart Smith of Red NinePR, +1-954-514-0937, or ssmith@redninePR.com

Web site: http://www.charys.com/http://www.methodiq.com/

Source: PRNewswire-FirstCall

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