SOURCE: Charys Holding Company, Inc.

November 29, 2005 17:27 ET

Update: Charys' CCI Telecom Receives Contract From Raytheon to Build Radar Infrastructure Site

CCI Contract Valued at Over $1.4 Million

ATLANTA, GA -- (MARKET WIRE) -- November 29, 2005 -- Charys Holding Company, Inc. ("Charys") (OTC BB: CHYS), a company focused on acquisitions within the high-growth Integrated Infrastructure Services sector, announced today that its wholly owned subsidiary CCI Telecom, Inc. ("CCI") has been awarded a contract from Raytheon Technical Service Group (RTSC), a business unit of leading defense contractor Raytheon. CCI will construct the infrastructure for a Digital Surveillance Radar Site at MBS International Airport in Saginaw, Michigan. The value of the contract exceeds $1.4 million, with work to be completed by CCI within an eight-month schedule.

Mike Novak, CEO of CCI, stated, "CCI's strong reputation in the radar manufacturing sector stems from 25 years of experience in constructing radar facilities for large government contractors and private industry, domestically and abroad. The Saginaw, Michigan, radar site represents the most recent contract in a succession of digital radar projects that CCI has been awarded from world-leading defense contractors such as Raytheon. This contract demonstrates CCI's ability to meet today's highest quality of technical standards, along with accelerated delivery schedules, within the global radar manufacturing industry."

About CCI Telecom, Inc.

CCI Telecom, Inc. ("CCI") is a leading international telecommunications infrastructure service provider, specializing in the development and construction of cellular towers, telephone switching facilities, and advanced radar and switch installations. CCI has been in business since 1980 and has won many awards, including six annual recognitions as a "Top 50" company by the San Antonio Business Journal and was recently ranked one of the nation's "Top 5 for Towers and Antennae" by Engineering News-Record. CCI's customers include essentially every major wireless company in the U.S. and various major defense contractors. Headquartered in San Antonio, Texas, the company has 135 employees and satellite offices in Dallas, Houston, and Lee, Massachusetts. For more information about CCI, visit http://www.ccitele.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 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.

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