SOURCE: Packaged Home Solutions

March 22, 2007 11:39 ET

Packaged Home Solutions, Inc. Announces Key Addition of Chief Operating Officer and Director With Proven Track Record in the Success of Building National Home Improvement Companies

PHS Further Broadens Their Senior Management Team to Specifically Target and Support National Expansion Efforts Through Strategic Acquisitions and Expanding National Retailer Service Organization

CINCINNATI, OH -- (MARKET WIRE) -- March 22, 2007 -- Packaged Home Solutions, Inc. (PINKSHEETS: PKGH) -- -- ("PHS" or "The Company") announced today the addition of a Key Senior Executive Manager with Proven National Success and Experience in the Home Improvement Industry. Todd Medina was elected to the Board of Directors and introduced as the Company's Chief Operating Officer. Medina has 30 years of industry experience including Senior Level Management Positions representing Major Companies such as Home Depot, Sears, Diamond Home Services, RMA Home Services and Owens Corning. Throughout this time he has been responsible for the completion of over 25,000 home improvement projects, 200 custom homes and several commercial projects. Over the years he consistently relocated around the country to turnaround failing divisions and start new enterprises for these national companies. During this time he managed divisions with annual sales ranging from $20MM to more than $90MM and developed a reputation built on the formation and implementation of simple processes, effective employment profiling, high quality standards of performance and strong fiscal responsibility.

Danny Smith, Chief Executive Officer of PHS, describes the addition of Medina as having a major two-fold effect on the capabilities of the organization, "Todd Medina brings an invaluable working knowledge of the Installed Home Improvement Business at every level, to include a strong network of Loyal Key Managers throughout the country to pull from, significant Manufacturing and Distribution relationships, as well as a Unique and Qualified Installer Workforce, in addition to his strong and proven managerial record both in running a National Field Organization and keeping it tight and profitable."

Smith adds, "Sometimes the key people that get you to where you are today, cannot take you to the next level, which is why we invested in a guy of this pedigree. What makes it more exciting is that I will be able to focus on my strengths to the Company, in the areas of Investor Relations and Key Acquisitions and Mergers."

Medina commented, "What attracted me to PHS was the uniqueness of their approach. They are effectively building an interrelated network of companies within the industry, focused on multiple income streams at the product, service, consumer and geographical levels, and to combine that with a model which shares resources and expenses collectively, it significantly increase efficiencies and makes for a powerful equation that produces Optimum Gross and Net Revenues. With the plans and financial base intact at present, I am confident that PHS will be in a position to complete the groundwork necessary in '07, to realize Sales over $100MM in '08, bringing 15-20% to the bottom line for their shareholders."

About Packaged Home Solutions

Packaged Home Solutions, Inc., formed in 2004, has created a systematized approach that makes remodeling fast and as "customer-friendly" as possible. The Company's executives have over 138 years of experience in the home improvement business, including senior positions with several of the largest retail home improvement chains in the US. The Company was established to provide consumers with reliable, attractive home improvement solutions, including kitchens, bathrooms, basement and exterior improvements that provide the best in product selection and installation services. The Company focuses on the middle market homes that range from $150,000 to $700,000, specializing in improvements to increase the livability of the home today while maximizing the current and future value of the home in the marketplace.

PHS currently has offices located in Cincinnati and Dayton, Ohio, Indianapolis, Indiana, Jacksonville and Miami, Florida. The Company's intention is to open regional offices in Atlanta, Dallas, Denver, Phoenix, & Southern California in 2007, as well opening additional satellite offices in Cincinnati, Indianapolis, Columbus. The Company also acquired Al-Vent Architectural Systems (Hurricane Window Manufacturer) and is exploring various acquisition opportunities to continue to vertically integrate its structure. The Company will be opening regional offices in 2007. These regional offices will then open satellite offices as each market matures. By the end of 2008, the Company plans to have 30 operational offices, making it one, if not the largest, home improvement services company in the United States. At that time, the management of the Company will consider various options to maximize shareholders' value, including a sale to an industry participant.

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Statements about Packaged Home Solutions, Inc.'s expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. Packaged Home Solutions' actual results could differ materially from expected results. Packaged Home Solutions' undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; Packaged Home Solutions will appropriately inform the public.

Contact Information

  • Contacts:

    Investor Relations Contact:
    Gerald Kieft
    Ryan Audin
    Wall Street Resources, Inc.
    2646 SW Mapp Road, Suite 303
    Palm City, Florida 34990

    Packaged Home Solutions:
    Mike Klieber