CHARYS FILES FIRST QUARTER 10 QSB

ATLANTA -- October 14, 2004 -- Charys Holding Company, Inc. "Charys" (CHYS.OB), an acquisitions company targeting the Integrated Infrastructure Services market, announced the filing of its first quarter form10 QSB with the Securities and Exchange Commission.

Selected results of operations for the three months ended July 31, 2003 and 2004 are as follows:

($000’s - except per share data)	2004	2003
Gross sales:	$10,300	$7,600
Net sales (reported):	$1,664	$1,019
Net earnings (loss):	$117	$(19)
Earnings per share:	$0.02	$0.00

"We are seeing very positive results internally and a warm reception from the investment community as we begin to execute the Charys plan," said Billy V. Ray Jr., Chairman and CEO of Charys. "The first quarter was exciting and was highlighted by our concluding the initial operating company acquisition. We are now focused on additional transactions in the near term to build and enhance our ‘customer centric’ model."

During the quarter, Charys completed the acquisition of Personnel Resources of Georgia, Inc. (PRG), an employee leasing company. This transaction, which added the first operating subsidiary to the Charys portfolio, resulted in the emergence of Charys from the "development stage enterprise" category. In addition to PRG, Charys owns Innovative Corporate Strategies, Inc., a start-up business process outsourcing (BPO) company, which began generating revenue in the second quarter of fiscal year 2005.

Also during the quarter, the company completed the restructuring and reorganization of the predecessor corporation (Spiderboy International, Inc.) and obtained shareholder approval of these activities at the annual shareholder meeting on June 25, 2004. As previously announced, the plan of merger, stock option plans and various other management initiatives were approved at that meeting.

"We made a profit in our first quarter as an operating entity. Our team will make every effort to turn this one data point into a trend," concluded Ray.

About Charys Holding Company, Inc.

Charys Holding Company, Inc. (Charys) is a publicly traded holding company whose shares are traded on the OTC Bulletin Board under the symbol CHYS.OB. The company is pursuing a growth opportunity in the Integrated Infrastructure Services market through an acquisitions strategy, focusing on companies that have strong customer relationships that support Charys’ customer centric vision. Charys seeks to acquire stable, cash flow positive, small to medium sized private companies engaged in providing direct services and/or outsourced services to medium and large enterprise businesses.

Charys intends to operate these companies as independent subsidiaries, improving aggregate financial performance by encouraging its subsidiaries to develop beneficial symbiotic relationships. Charys is headquartered in Atlanta, Georgia. For more information, 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.

Contact:
Stuart Smith
Red Nine PR
404.261.0707
ssmith@redninePR.com

www.redninePR.com