Viasys Services, Inc. to provide further infrastructure services in Florida
August 2, 2006 Atlanta, GA -- Charys Holding Co. Inc. announced that its subsidiary, Viasys Services, Inc., has been awarded two additional contracts to a previously announced transaction with "a leading provider of voice and data communications systems" in the Tampa Bay area. Under the initially stated terms of the contract, Viasys will provide infrastructure services that include underground construction and a raceway or conduit system that can accommodate fiber-optic and/or copper cable for their residential and commercial voice and data communications systems in Sarasota County, FL. These two projects, which are a part of a larger program commissioned by the Florida Department of Transportation, will commence immediately.
In addition, Viasys has been assigned projects from the same awarding authority involving fiber to the premises (FTTP). These projects will provide further infrastructure services in Sarasota County. The current estimates are approximately 600,000 ft of raceway infrastructure system for the remainder of 2006 and 1.4 million ft in 2007. Viasys has added 80 people for the new projects and plans on adding another 80 over the next eight weeks. The new people consist of 25 percent in-house and 75 percent subcontractors.
Vice president and director of operations at Viasys, Jim Hemrich, commented, "We are excited and proud of our relationship with this premier provider of voice and data communications. Our relationship with them has continued to grow over the past several years and is strengthened with each additional contract. With the ongoing and increasing work from them, it demonstrates the confidence they have in our ability to perform to their expectations."
Billy V. Ray, Jr., chairman and CEO of Charys observed, "This addition to the original deal is an important part in expanding the work done by Viasys in the Greater Tampa Bay area. These contracts will represent approximately $15 million in revenue for Viasys over a two-year period. Consequently, our subsidiaries are demonstrating the organic growth opportunities that exist within our organization as we continue to implement our business strategy."