Charys Signs Letter of Intent With CCI Telecom, Inc.

ATLANTA -- February 7, 2005 -- Charys Holding Company, Inc. ("Charys"), (OTCBB: CHYS.OB), a Delaware corporation, today announced that it has signed a binding letter of intent to acquire CCI Telecom, Inc. ("CCI"), a Nevada corporation. The purchase will be consummated through a triangular merger agreement using a combination of a stock swap and an earn-out agreement over the next several years. The transaction is anticipated to close before the end of this month. Charys and CCI are also currently involved in negotiations to restructure CCI’s existing debt.

CCI is a telecommunications infrastructure services business. Headquartered in San Antonio, Texas, the company has 135 employees and satellite offices in Dallas, Houston, and Lee, Massachusetts. CCI specializes in the development and construction of cellular towers, telephone switching facilities, and advanced radar installations. The services provided by the company span a broad range of capabilities including telephone system installation, structured cabling, long-haul fiber, telecom equipment maintenance, as well as installation and services related to microwave, satellite, radar, cellular, and wireless broadband systems. CCI has been in business since 1980 and has won many awards, including six annual recognitions as a "Top Fifty" company by the San Antonio Business Journal.

CCI enjoys a reputation for high quality and dependability in the wireless, wireline, and radar industries. Its customers include essentially every major wireless company in the U.S. and various major defense contractors. Since inception, CCI has completed projects in 45 states and 21 countries in Latin America and the Caribbean. The completed projects include approximately 4,000 telecommunication projects and over 100 radar installations. In 2002, CCI was named in the top 50 Telecom Contractors by Engineer-News Record. CCI’s revenues for fiscal years ended March 31, 2003 and 2004 were $20.3 million and $17.0 million, respectively. Projected revenue for the current fiscal year (2005) is approximately $19.5 million. Pursuant to the agreement, the management of CCI will remain in place and will enter into multi-year employment contracts.

"CCI is an established company with a 25 year track record and an unequalled reputation in the industry. We are very excited to welcome the CCI team to the Charys family of companies," said Billy Ray, CEO, Charys Holding Company, Inc. "This is our next step toward executing our strategy in the integrated infrastructure industry segment. As our platform company in the engineering and installation business, CCI will be able to expand through future acquisitions and capitalize on the current increases in telecom spending."

"Charys has created a vehicle to execute a consolidation strategy that I have imagined for several years," said Mike Novak, founder and CEO of CCI. "My team and I are looking forward to the opportunity of being a part of Charys, particularly in this rapidly expanding industry segment."

About Charys Holding Company, Inc.
Headquartered in Atlanta, Georgia, Charys Holding Company, Inc. (OTC BB:CHYS.OB) is a publicly traded company focusing on the fragmented and underserved segment referred to as The Integrated Infrastructure Services Segment. This segment varies widely in scope, but is fundamentally focused on upgrading the underpinning, infrastructure, and back office operations of the telecommunication, cable, electric, and Internet industries serving consumers, businesses and government entities. Our principle strategy is to acquire, through mergers and acquisitions, companies that support this underserved segment. For more information about Charys visit http://www.charys.com.

NOTE: The names of actual companies and products mentioned herein may be the trademarks of their respective owners.



				Forward-looking statements in this release, including statements regarding management's expectations for future financial results and access to capital
				markets, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these
				forward-looking statements regarding Charys Holding Company, Inc., its operations and its financial results involve risks and uncertainties, including
				without limitation risks of accessing capital markets on terms acceptable to Charys, downturns in economic conditions generally and in the
				telecommunications and data communications markets; risks in product development and market acceptance of and demand for Charys products;
				risks of failing to attract and retain key managerial and technical personnel; risks associated with competition and competitive pricing
				pressures; risks associated with investing in new businesses;  risks related to intellectual property rights and litigation; risks in technology
				development and commercialization.

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Stuart Smith
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