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Acquisition Allows Participation in Stennis Space Center.

Publication: M2 Presswire
Publication Date: 02-NOV-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-2 November 2006-Afternoon Movers: Acquisition Allows Participation in Stennis Space Center(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:02112006

Home Solutions of America, Inc.(NSADAQ:HSOA) 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.

Shares are up 6.5% on over 178,000 in volume during early morning trade.

Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the markets. Today's activity on the Nasdaq Exchange has brought Home Solutions of America, Inc. (NASDAQ:HSOA) to the attention of our research team.

Home Solutions of America, Inc. (Nasdaq: HSOA; the "Company" or "Home Solutions"), a provider of recovery, restoration and rebuilding/remodeling services, announced today that it has acquired privately-held Associated Contractors II, LLC ("Associated") for 1.5 million shares of common stock and performance-based incentives. Although the acquisition is expected to be neutral to earnings during the Company's 2006 fourth fiscal quarter, it is expected to be accretive in...

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