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Charys Holding Company, Inc. Announces Acquisition of Digital Communications Services, Inc.

Posted on: Thursday, 15 June 2006, 12:00 CDT

ATLANTA, June 15 /PRNewswire-FirstCall/ -- Charys Holding Company, Inc. ("Charys") (BULLETIN BOARD: CHYS) announced today that it executed a definitive agreement on June 12, 2006, whereby it has acquired all of the common stock of Digital Communications Services, Inc., ("Digital"). Digital, based in Tampa, Florida, will operate as a wholly owned subsidiary of Charys.

Digital offers a full package of telecommunications infrastructure services as well as network operations and maintenance solutions. It provides turnkey services under Master Service Contracts to customers such as SBC Communications, AT&T, BellSouth and Comcast. Specifically for SBC Communications, Digital is currently working on significant projects in large geographic areas of Texas and Oklahoma in connection with SBC's fiber to the home (FTTH) project, which is expected to continue over the next five years. In addition, Digital is working in affiliation with BellSouth to upgrade and restore the communication networks for the public and parochial school systems in New Orleans.

Billy Caudill, President of Digital, said, "The acquisition by Charys is a great fit for both companies. We expect that our operations in Texas and Oklahoma will integrate perfectly with the already expansive operations of Charys in that geographic region, particularly with respect to the cross- utilization of project managers, facilities and equipment. I expect that such factors will contribute significantly to reducing operating costs and improving gross margins for both companies."

Mike Oyster, Vice President for Charys, added, "We look forward to the significant revenue growth that Digital is expected to provide over the next couple years. Digital is positioned well to take advantage of the opportunities provided by both the pending merger with BellSouth and the tremendous amount of capital being spent by SBC/AT&T on its FTTH project, particularly in the Texas area."

Commented Billy V. Ray, Jr., Chairman and CEO of Charys, "With the strategic acquisition of Digital, Charys has taken another step in becoming a complete service provider to its growing customer base and has further established its footprint in the Southeastern and Western United States."

Details regarding the acquisition and purchase price may be found in the 8-K report to be filed by Charys.

About Charys Holding Company, Inc.

Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (BULLETIN BOARD: CHYS) 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' principle strategy is to acquire, through mergers and acquisitions, companies that support this underserved segment. Charys subsidiaries include: Viasys Services, Inc, Personnel Resources of Georgia, Inc., Method IQ, Inc., Charys Technology Group, Inc., CCI Telecom, Inc., Ayin Holding Company, Inc. and most recently, Crochet & Borel Services, Inc. For more information about Charys visit http://www.charys.com/.

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

Some statements in this release, including statements regarding management's expectations for future financial results and access to capital markets, are forward-looking statements. 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: Charys Holding Company, Inc. M. Ralph DeLucia, 678-443-2307 Fax: 678-443-2320 rdelucia@charys.com or Investor Relations: Corporate Evolutions, Inc. Fred Lande, 516-482-6565 Fax: 516-482-6099 info@corporateevolutions.com

Charys Holding Company, Inc.

Contact: M. Ralph DeLucia of Charys Holding Company, Inc.,+1-678-443-2307, or Fax, +1-678-443-2320, or rdelucia@charys.com, or InvestorRelations, Fred Lande of Corporate Evolutions, Inc., +1-516-482-6565, or Fax,+1-516-482-6099, or info@corporateevolutions.com

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

Source: PRNewswire-FirstCall

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