Home Solutions of America Approved for Listing on NASDAQ National Market; Trading to Begin on June 27th under Ticker Symbol ''H
June 15 2006 - 10:45AM
Business Wire
Home Solutions (AMEX:HOM), a provider of recovery, restoration and
rebuilding/remodeling services, announced today that its common
stock has been approved for listing on the NASDAQ National Market,
contingent upon Home Solutions of America being in compliance with
all applicable listing standards on the date it is scheduled to
begin trading. Home Solutions' common stock will commence trading
on the NASDAQ National Market at the open of the market on Tuesday,
June 27th, under the new ticker symbol "HSOA." Until that date, the
Company's common stock will continue to trade on the American Stock
Exchange under the symbol "HOM." "We are pleased that the Company
was able to achieve this milestone for our shareholders through the
listing of our common stock on the NASDAQ National Market, the
largest U.S. electronic stock market," said Frank J. Fradella,
Chairman and CEO of Home Solutions. "With a steadily increasing
percentage of our common stock owned and traded by institutional
investors and mutual funds, we believe that the NASDAQ market
system will provide enhanced liquidity and price transparency in
the trading of our shares. I would like to extend our appreciation
to the American Stock Exchange, and in particular our Specialist,
Cohen Specialists LLC for their support of our Company in the
public capital markets in recent years, a period in which Home
Solutions has grown substantially, as well as to the entire Home
Solutions team for their hard work and dedication which made this
significant accomplishment possible." Home Solutions is a provider
of recovery, restoration and rebuilding/remodeling services to
commercial and residential areas that are (i) prone to flooding,
hurricanes, tornados, fires or other naturally occurring and
repetitive weather related emergencies; and/or (ii) experiencing
robust housing development. The Company has operations in
California, Texas, Florida, Alabama, Georgia, Louisiana,
Mississippi and South Carolina through its five subsidiaries,
Cornerstone Building and Remodeling, Southern Exposure, P.W.
Stephens, Home Solutions Restoration of Louisiana and Fiber Seal
Systems. Cornerstone is a leading supplier and installer of granite
materials for kitchens and baths to national home centers, as well
as national builders and remodeling companies, in the southeastern
United States. Southern Exposure and related companies is a
manufacturer and installer of cabinet and countertop services in
the Florida marketplace. P.W. Stephens provides mold and asbestos
remediation services, and fire and water restoration services in
California, Florida and Louisiana. Home Solutions Restoration of
Louisiana provides Recovery Restoration Services in Florida,
Louisiana, Mississippi and Texas and Fiber Seal Systems is a
national licensor of cleaning and fabric protection businesses. For
more information on Home Solutions, please see the Company's
website at http://www.homcorp.com. Statements included in this
update that are not historical in nature are intended to be, and
are hereby identified as, "forward-looking statements" for purposes
of the safe harbor provided by Section 21E of the Securities
Exchange Act of 1934, as amended by Public Law 104-67.
Forward-looking statements may be identified by words including
"anticipate," "believe," "intends," "estimates," "expect," and
similar expressions. The Company cautions readers that
forward-looking statements including, without limitation, those
relating to the Company's future business prospects are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward-looking
statements, due to factors such as those relating to economic,
governmental, technological, and other risks and factors identified
from time to time in the Company's reports filed with the SEC.
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