Glancy Binkow & Goldberg LLP, Representing Shareholders of Home Solutions of America, Inc., Announces Update to Shareholder Lawsuit -- HSOA


LOS ANGELES, July 28, 2006 (PRIMEZONE) -- Glancy Binkow & Goldberg LLP, representing shareholders of Home Solutions Of America, Inc., announces 24 days remaining to move to be a lead plaintiff in the shareholder lawsuit. All persons and institutions who purchased securities of Home Solutions Of America, Inc. ("Home Solutions" or the "Company")(Nasdaq:HSOA) between April 11, 2006 and June 6, 2006, inclusive (the "Class Period"), may move the Court not later than August 21, 2006, to serve as lead plaintiff, however, you must meet certain legal requirements.

If you wish to receive a copy of the Complaint, or have any questions concerning your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, or e-mail to info@glancylaw.com, or visit our website at www.glancylaw.com.

The Complaint charges Home Solutions and certain of the Company's executive officers with violations of federal securities laws. Among other things, plaintiff claims that defendants' material omissions and dissemination of materially false and misleading statements concerning Home Solutions' business and prospects caused the Company's stock price to become artificially inflated, inflicting damages on investors. Home Solutions offers recovery, restoration, rebuilding/remodeling and specialty interior services to commercial and residential properties in the United States. The Complaint alleges that during the Class Period defendants announced that the Company had been awarded a contract valued at up to $20 million to provide infrastructure support for Hurricane Katrina rebuilding efforts, including contracts with Home Depot Inc. and American Renaissance Homes.

Then, on June 6, 2006, a Company-issued press release revealed that Home Solutions actually was lending up to $800,000 to American Renaissance Homes for "working capital," secured by its modular homes and land. The Complaint alleges that defendants' prior representations concerning the Company's financial performance and prospects, based, among other things, on the American Renaissance Homes' contract, were false and misleading and concealed from the investors the Company's actual performance and prospects. As a result of this news, Home Solutions' stock price plummeted 29.1%, or $2.80, to close on June 6, 2006 at $6.80, on extremely heavy trading volume of 26.2 million shares.

Plaintiff seeks to recover damages on behalf of Class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting shareholder lawsuits, and substantial expertise in actions involving corporate fraud.

If you are a member of the Class described above, you may move the Court, not later than August 21, 2006, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca.



            

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