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Company Expected To Complete $15 Million In Work In 2007.

http://www.hsoacorp.com/index.php/new_se...ation_ser/



March 21, 2007, Dallas, TX - (Business Wire) - Home Solutions of America, Inc. (NASDAQ: HSOA; the “Company” or “Home Solutions"), a provider of recovery, restoration and rebuilding/remodeling services, announced today that its Fireline Restoration, Inc. subsidiary ("Fireline") is part of a joint venture that was awarded a $50 million contract to provide a wide range of engineering services to the Naval Facilities Engineering Command Southwest (NAVFAC SW). Work will commence at the beginning of April and will be supported by the new Fireline joint venture offices in Seattle, Washington. Home Solutions’ portion of the work is $15 million, which is expected to be completed during 2007. The work is not included in the Company’s previously announced backlog.
The joint venture between St. George Chadux Corporation (SGC), a Native American corporation, Fireline and a third contractor, will support the U.S. Navy’s Installation Restoration Program (IRP) and the Base Realignment and Closure (BRAC) Program under the firm-fixed price, indefinite delivery/indefinite quantity contract. Under the contract, the joint venture will provide a wide range of engineering, environmental science, and other technical services at U.S. Navy and U.S. Marine Corps installations located primarily in the western United States. SGC have participated in a number of government contracts and has completed more than $600 million in work on government projects since 1989. Fireline will perform environmental and restoration services work at Naval and Marine Corps installations principally in California, as well as Arizona Nevada, Utah, New Mexico, and other Department of Defense installations nationwide.

“We are pleased to work with St. George Chadux Corporation on this government contract,” said Brian Marshall, President of the Company’s Restoration and Construction Services Division. “We are beginning what we hope to be a long future on governmental projects, and are pleased that we were able to meet the high performance standards necessary to meet the Navy’s requirements. Fireline is in the process of bidding on nearly $680 million of such opportunities in the next year that will potentially, if awarded, provide revenue opportunities over the next five years.”

About St. George Chadux Corporation
St. George Chadux Corporation is a rapidly growing professional services company specializing in engineering and environmental services. St. George Chadux Corporation is an SBA-certified 8(a) Small Disadvantaged Business and Alaskan Native Corporation Owned Firm that specialize in providing cost-effective solutions for both commercial and government clients.

About Home Solutions of America, Inc.
Home Solutions of America, Inc. 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. Its Fireline subsidiary is involved in providing construction services, rebuilding, catastrophic storm response and contents restoration for commercial, industrial and residential properties. Based in Tampa, Fireline is certified in multiple aspects of the restoration industry, including smoke, fire, water and mold. The Company has operations in California, Texas, Florida, Alabama, Georgia, Louisiana, Mississippi and South Carolina. For additional information, please visit the Company’s Web site at http://www.hsoacorp.com .

Cautionary Notice
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, contracts to be performed, and new opportunities associated with the anticipated rebuilding of the New Orleans area, 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.

Warm Christian Love
Bangalore

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

http://www.secinfo.com/dujPe.19k.htm

Date of Report (Date of earliest event reported) July 19, 2004

HOME SOLUTIONS OF AMERICA, INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware
(State or Other Jurisdiction of Incorporation)

0-22388 99-0273889
(Commission File Number (IRS Employer Identification No.)

5565 Red Bird Center Drive, Suite 150, Dallas Texas 75237
(Address of Principal Executive Offices) (Zip Code)

(214) 623-8446
(Registrant's Telephone Number, Including Area Code)


(Former Name or Former Address, if Changed Since Last Report)

ITEM 5. OTHER EVENTS.

On July 19, 2004, Home Solutions of America, Inc. (the "Registrant") completed a private placement with two institutional investors (the "Investors") whereby the Investors purchased $1,000,000 of Home Solutions' Series B Convertible Preferred Stock, which is convertible into its common stock at a price of $1.50 per share. The net proceeds of such offering will be used for acquisition financing and general working capital needs. The preferred shares issued in this offering were not registered under the Securities Act of 1933, as amended (the "Act"), and may not be offered for sale or sold absent registration under the Act or an applicable exemption from the registration requirements of the Act.

The Registrant also entered into a Financial Advisory Agreement with the Investors, and issued the investors an aggregate of 666,667 warrants to purchase the Registrant's common stock at $1.75 per share in connection therewith, pursuant to which the Investors will assist the Registrant with the financing of the RAM Home Warranty acquisition, which is under a Stock Purchase Agreement among the Registrant and the current owners of such companies dated July 1, 2004 (attached hereto as an exhibit), and is subject to certain closing conditions, as previously announced by the Registrant.

Certain agreements related to the transactions described above are attached hereto as exhibits and incorporated herein by reference.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

© Exhibits
2.1

Stock Purchase Agreement, dated July 1, 2004, by and among Home Solutions of America, Inc., RAM Home Warranty Holding Corp., John Mazurkiewitz, Melinda Mazurkiewitz, and Watch Tower Bible & Tract Society of Pennsylvania, Inc.
3.1

Certificate of Designation of the Relative Rights and Preferences of the Series B Convertible Preferred Stock of Home Solutions of America, Inc., as filed with the Secretary of State of Delaware on July 19, 2004.
10.1

Series B Convertible Preferred Stock Purchase Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc. and the purchasers of Series B Convertible Preferred Stock.
10.2

Registration Rights Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.
10.3

Financial Advisory Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.
10.4

Form of Series C Warrant to Purchase Shares of Common Stock of Home Solutions of America, Inc., dated July 19, 2004, as issued to Victus Capital, LP and Vicis Capital Master Fund.
10.5

Form of Series D Warrant to Purchase Shares of Common Stock of Home Solutions of America, Inc., dated July 19, 2004, as issued to Victus Capital, LP and Vicis Capital Master Fund.
10.6

Registration Rights Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.
99.1

Press Release dated July 20, 2004.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Home Solutions of America, Inc.
(Registrant)

By: /s/ Rick J. O'Brien
Rick J. O'Brien
Dated: July 20, 2004 Chief Financial Officer

EXHIBIT INDEX

Exhibit
Number Description

2.1

Stock Purchase Agreement, dated July 1, 2004, by and among Home Solutions of America, Inc., RAM Home Warranty Holding Corp., John Mazurkiewitz, Melinda Mazurkiewitz, and Watch Tower Bible & Tract Society of Pennsylvania, Inc.
3.1

Certificate of Designation of the Relative Rights and Preferences of the Series B Convertible Preferred Stock of Home Solutions of America, Inc., as filed with the Secretary of State of Delaware on July 19, 2004.
10.1

Series B Convertible Preferred Stock Purchase Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc. and the purchasers of Series B Convertible Preferred Stock.
10.2

Registration Rights Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.
10.3

Financial Advisory Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.
10.4

Form of Series C Warrant to Purchase Shares of Common Stock of Home Solutions of America, Inc., dated July 19, 2004, as issued to Victus Capital, LP and Vicis Capital Master Fund.
10.5

Form of Series D Warrant to Purchase Shares of Common Stock of Home Solutions of America, Inc., dated July 19, 2004, as issued to Victus Capital, LP and Vicis Capital Master Fund.
10.6

Registration Rights Agreement, dated July 19, 2004, by and among Home Solutions of America, Inc., Victus Capital, LP, and Vicis Capital Master Fund.

99.1

Press Release dated July 20, 2004.

Warm Christian Love
Bangalore

Do any know if the Mazurkiewitz's are JWs.

Investing in a company which seeks government contracts, particularly military, is a very real conflict of interest.

Have any contacted the Wt. Corp. about this investment.