[November 11, 2005] Charys Acquires Viasys Companies, Leaders in Systems Integration Tweet ATLANTA, Nov. 11 /PRNewswire-FirstCall/ -- Charys Holding Company, Inc. ("Charys") (BULLETIN BOARD: CHYS) , a company focused on the high-growth Integrated Infrastructure Services sector, announced today that it has entered into an agreement to acquire in a cash and sellers finance transaction all the outstanding shares of Viasys Services, Inc. and Viasys Network Services, Inc. (collectively "Viasys"), based in Lakeland, Florida. In business for more than 50 years, Viasys is a leading infrastructure, design, construction, deployment, integration and maintenance company with a current revenue run rate approaching $60 million. Going forward on a consolidated basis, the annual revenue of the combined organization is expected to be approximately $87 million. The acquisition is scheduled to close on or before November 15, 2005. Details of the transaction will be available at http://www.sec.gov/ upon filing Form 8-K. Viasys operates several successful divisions servicing the Intelligent Transportation System (ITS), telecommunication, wireless, industrial and utility markets, and is licensed in 14 Southeastern U.S. states. Viasys' focus is on the design, construction and maintenance of wireless and wire-line broadband networks for both the government and private sectors. Charys' subsidiary CCI Telecom serves complementary U.S. markets in 39 Southwestern and New England states. Viasys is also a leading broadband integration company responsible for many of the most recognizable wireless and fiber broadband deployments throughout North America. Viasys has established strategic alliances with some of the most respected companies in the industry, which include many Fortune 100 companies, product manufacturers and financial institutions. Projects include nationwide mobile broadband systems for public safety, transit, transportation, municipal Wi-Fi deployment, enterprise wireless networks and fiber optic deployments for the telecom industry. Billy Ray, CEO of Charys, commented, "Viasys represents a milestone acquisition for us, significantly broadening our geographic points of presence and creating a wider, more diverse service line. With a current revenue run rate approaching $60 million, Viasys adds significant revenue to our existing operations as well as facilitates new organic growth opportunities." Mr. Ray continued, "The Viasys acquisition also establishes a highly competitive position for Charys within the rapidly evolving mesh networking space. Mesh networking capabilities are increasingly being deployed worldwide due to their advantages to create a robust, stable and scalable infrastructure that is also cost-effective. Along with our subsidiary CCI Telecom and built- to-suit entity Ayin Tower Management Services, Inc., Viasys' expertise in supplying and maintaining wireless mesh architectures for the transportation, utility, telecommunication, industrial and governmental markets creates a synergistic platform for Charys to serve a wider range of customers. According to In-Stat/MDR, the market for mesh network access points is expected to grow to nearly $1 billion in 2009, up from $33.5 million in 2004. We look forward to implementing complementary growth strategies among our subsidiaries that can maximize long-term shareholder value." Gerry Hall of Viasys stated, "The combination of Charys and Viasys establishes a highly competitive position for both companies to capitalize on multiple verticals and cross referral opportunities, while also expanding our current position within the ITS and telecommunications markets. The momentum created by this acquisition should further the implementation of Charys' business strategy." About Viasys Viasys Network Services is a leading broadband integrator responsible for many of the most recognizable wireless and fiber broadband deployments throughout North America. For over 50 years, the Company has custom crafted solutions for Commercial, Public Safety, Transportation, and Hospitality markets, and is now the leading design/installation provider to many top-tier integration organizations. Viasys offers a wide variety of broadband services including survey, design, installation, and maintenance of today's sophisticated data systems. The Company employs a full time staff of approximately 500 with a fleet of over 600 pieces of specialized equipment and vehicles. Viasys is a licensed electrical contractor qualified for DOT and other Government work in fourteen Southeastern states. More information is available at http://www.viasyscorp.com/. 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 Charys. 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: Charys Holding Company, Inc. M. Ralph Delucia 678-443-2300 [email protected] http://www.charys.com/ Investor Relations: OTC Financial Network Peter Clark 781-444-6100 x629 [email protected] http://www.otcfn.com/chys Charys Holding Company, Inc. CONTACT: M. Ralph Delucia of Charys Holding Company, Inc., +1-678-443-2300, [email protected]; or Investor Relations: Peter Clark of OTC FinancialNetwork, +1-781-444-6100 ext 629, [email protected] Web site: http://www.charys.com/http://www.otcfn.com/chyshttp://www.viasyscorp.com/ [ Back To TMCnet.com's Homepage ]