Charys Holding Company Increases Presence in Telecommunications Industry by Establishing Strategic Business Unit - Charys Technologies Group
via COMTEX
April 3, 2006
Michael Oyster Named CEO of New Business Unit That Will Lead the Next Wave of Technology Infrastructure Growth
ATLANTA, April 3, 2006 /PRNewswire-FirstCall via COMTEX/ --
Charys Holding Company, Inc. ("Charys") (OTC Bulletin Board: CHYS.OB), a holding company focused on pursuing growth opportunities within the Technology Infrastructure and Services Support market, today announced that it has established Charys Technologies Group Inc. (CTG), a new business unit that will integrate key strategic assets in the expanding technology and telecommunications services arena. In his address to the United States Internet Industry Association, Michael Oyster, the newly appointed CEO of Charys Technologies Group, defined the strategic value drivers for 2006 that leverage the strengths of each of the Charys "platform" companies within a singularly focused strategy.
"Before the end of 2005, Charys surpassed its goals for growth via acquisition and integration of leading technology services companies, approaching a revenue run rate of $100 million per year," said Billy Ray, Chief Executive Officer of Charys. "We have clearly demonstrated the Charys ability to execute its strategic plan. Now we are hitting the accelerator and growing both the top and bottom lines of Charys by providing the industry leading capabilities from each of our companies in a Unified Total Solution to customers of technology infrastructure services."
Oyster added, "The organic growth potential is incredible. And with additional, 'select' acquisitions, we will continue to expand the scope of our leading technology expertise."
Technology service providers continue to expand with both horizontal and vertical growth. Charys has a unique ability to meet the requirements of service providers large and small, as well as government sponsored technology implementation demands. CTG expertise in a wide range of wireless technologies and interactive Internet applications has enabled the design and deployment of many of the nation's most sophisticated technology solutions.
Charys Technologies Group provides a full portfolio of technology and telecommunications services, including:
Microwave Engineering, Design and Construction
- Tower, radio, and switching facilities
- Microwave communication installation
- Maintenance retrofits, upgrades of infrastructure
- Disaster and rapid deployment communication systems
Broadband Wireless Network Design and Deployment
- Wifi, Mesh Wifi, WiMax, and cellular
- Municipal and, First Responder System (Homeland Security)
- "Triple-Play" Residential Systems featuring Voice, Video, & Data
- Disaster and rapid deployment communication systems
Recurring Network Services
- Network operations management
- Software and appliance solutions
- Business operations outsourcing
Facility and security solutions
- Homeland Security wireless solutions
- Packaged, "rapid deployment" networks
- Crisis and event management systems
"The Charys group has assembled a team of some of the best professionals in the industry," commented Oyster. "With experience in program management, this team has a proven reputation for on-time, on-budget deployment of complex wireless networks and infrastructure. And this is just the beginning. We have a clear vision of where we are going, and how we will get there. Now it's all about executing the plan."
Charys and its related subsidiaries maintain key relationships with the advanced technology firms including Cisco, Motorola, Tropos, BelAir, Strix, Alcatel, Harris, Nortel and others.
About Michael F. Oyster
Mr. Oyster has more than twenty-five years of experience in the technology, communications, computer hardware, and software industries. He has significant experience in executive leadership, marketing, finance and operations, and sales leadership. Mr. Oyster has led major business units with AT&T and was the senior officer/general manager of Teleport New York (TCG) until its acquisition by AT&T. He has entrepreneurial senior executive experience, redirecting and building technology, financing and marketing infrastructure to lead the firm in major capitalization and through IPO. He has held a number of Executive positions that include:
- President, ZoEmail LLC
- Executive Vice President and Chief Operating Officer of Fusion Telecom
International
- President - Network Plus Inc. CLEC group
- Executive Vice President, Marketing and Operations of Network Plus Inc.
- Vice President / General Manager of Teleport Communications Group - NY
- Managing Director Wholesale Markets and National Sales Director of AT&T
Mr. Oyster has a Master of Science degree from Purdue University, Krannert School of Management.
About Charys Holding Company, Inc.
Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (OTC Bulletin Board: CHYS.OB) 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. 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.
SOURCE Charys Holding Company, Inc.
Morgan Ralph DeLucia, Vice President - Investor Relations of Charys Holding Company, Inc., +1-678-443-2307, or Fax, +1-678-443-2320, or rdelucia@charys.com; or Media, Corporate Evolutions, Inc., +1-516-482-6565, or Fax, +1-516-482-6099, or info@corporateevolutions.com
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