Charys Holding Company, Inc. (“Charys”) (Pink Sheets: CHYS) a company focused on the high growth Wireless Communications and Data Infrastructure and Restoration and Reconstruction sectors, today announced that its wholly owned subsidiary Mitchell Site Acq., Inc. (“MSAI”) has been selected by one of the leading MBE businesses in the telecommunications industry as a strategic partner of wireless communications program services. The contract is expected to provide over $5 million in revenue, is effective immediately and extends the scope of services to include the breadth of MSAI capabilities.
Under this agreement, MSAI will provide its portfolio of services in support of nationwide wireless network expansion and upgrades. MSAI’s turnkey services include; site identification, network surveying, site acquisition, zoning, permitting, title curative, environmental and structural engineering, project management, and deployment of in-building systems.
Matt Mitchell, president of MSAI, commented. “The wireless industry is more active than we have seen it for some time and by teaming with one of the countries largest MBE telecommunications professional organizations, we feel we are positioned to achieve growth. MSAI is committed to providing the best service in support of our customers’ growth in the wireless industry. Our companies complement each other’s strengths, and our combined resources will allow us to meet the significant growth and upgrade demands of the wireless industry. By utilizing those strengths we will be able to mutually expand our current territory from the Gulf States to the east coast.”
Billy V. Ray, Charys Chairman and CEO said, “We believe MSAI brings unique value to each of their top tier telecom customers by providing seamless project management handoffs to other Charys companies. The end-to-end capabilities that Charys can provide mean no more finger pointing, Charys companies provide a total service solution.”
This press release contains forward-looking statements. These statements are based upon Charys’ current expectations and speak only as of the date hereof. Actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including uncertainties as to the nature of the industry, including changing customer demand, the impact of competitive products and pricing, dependence on existing management and general economic conditions. Charys’ Annual Report on Form 10-KSB, recent and forthcoming Quarterly Reports on Form 10-QSB, recent Current Reports on Form 8-K and other SEC filings discuss some of the important risk factors that may affect Charys’ business, results of operations and financial condition. Management undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
About Charys Holding Company, Inc.
Headquartered in Atlanta, Georgia, Charys is a publicly traded company providing infrastructure services in two primary markets. In the wireless communications and data infrastructure markets, Charys provides an array of services including engineering, program management, construction, installation and maintenance, tower services, radio and advanced technology implementation and integration services to large service providers and other business enterprises. In the restoration and reconstruction markets, Charys services include emergency planning and coordination, response to catastrophic losses, reconstruction and restoration and environmental restoration.