IES Integrated Elec Svcs

HOUSTON, Dec. 6 /PRNewswire-FirstCall/ -- Integrated Electrical Services, Inc. (NYSE:IES) announced today that it has aligned its resources to coordinate the services of its business units in the Gulf Coast region and to identify additional opportunities for IES to assist in the rebuilding efforts of that area. Through several of its business units, IES is focused on work in Alabama, Florida, Louisiana, Mississippi and Texas and is beginning to see increased business opportunities resulting from the rebuilding and relief efforts. Revenue from existing contracts is expected to come from various kinds of work performed by IES. The work includes commitments on apartment building projects, plant maintenance work and repair and refinery-related clean-up projects. Some of these projects have been accelerated due to need and federal grants. Recently awarded work includes emergency generator services and electrical hook-up work for FEMA and other relief-oriented agencies. To date, IES has had over $16 million in work awarded or verbally committed related to these efforts. Byron Snyder, IES' CEO, stated, "We are very pleased to be a continuing part of the relief efforts. These are IES communities too, and we will maintain our strong presence on the Gulf Coast. IES is committed to assisting our long-term customers in the rebuilding of their businesses and communities." Integrated Electrical Services, Inc. is a national provider of electrical solutions to the commercial and industrial, residential and service markets. The company offers electrical system design and installation, contract maintenance and service to large and small customers, including general contractors, developers and corporations of all sizes. This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's expectations and involve risks and uncertainties that could cause the Company's actual results to differ materially from those set forth in the statements. Such risks and uncertainties include, but are not limited to, the inherent uncertainties relating to estimating future operating results or our ability to generate sales, income, or cash flow, potential difficulty in addressing material weaknesses in the Company's accounting systems that have been identified to the Company by its independent auditors, potential limitations on our ability to access the credit line under our credit facility, litigation risks and uncertainties, fluctuations in operating results because of downturns in levels of construction, inaccurate estimates used in entering into and executing contracts, difficulty in managing the operation of existing entities, the high level of competition in the construction industry, changes in interest rates, the general level of the economy, level of competition from other electrical contractors, increases in costs or limitations on availability of labor, steel, copper and gasoline, limitations on the availability and the increased costs of surety bonds required for certain projects, inability to reach agreements with our surety companies to provide sufficient bonding capacity, risk associated with failure to provide surety bonds on jobs where we have commenced work or are otherwise contractually obligated to provide surety bonds, loss of key personnel, business disruption and costs associated with the Securities and Exchange Commission investigation and class action litigation, unexpected liabilities associated with warranties or other liabilities attributable to the retention of the legal structure of business units where we have sold substantially all of the assets of the business unit, inability to fulfill the terms or meet the required financial covenants of the credit facility, difficulty in integrating new types of work into existing subsidiaries, inability of subsidiaries to incorporate new accounting, control and operating procedures, inaccuracies in estimating revenues and percentage of completion on contracts, disruptions or inability to effectively manage opportunities related to Hurricane Katrina and Rita and the expected increase in construction, inability to satisfy the listing requirements of the NYSE or bring its share price back above one dollar within six months, inability to reach agreement with our senior lender on amendments to the credit facility in December and weather and seasonality. If the company is unable to cause its previously filed S-1 in support of the Senior Convertible Notes to become effective, penalty interest may apply under that agreement. You should understand that the foregoing important factors, in addition to those discussed in our other filings with the Securities and Exchange Commission ("SEC"), including those under the heading "Risk Factors" contained in our annual report on Form 10-K for the fiscal year ended September 30, 2004, could affect our future results and could cause results to differ materially from those expressed in such forward-looking statements. We undertake no obligation to publicly update or revise the Company's borrowing availability, its cash position or any forward-looking statements to reflect events or circumstances that may arise after the date of this report. General information about us can be found at http://www.ies-co.com/ under "Investor Relations." Our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, as well as any amendments to those reports, are available free of charge through our website as soon as reasonably practicable after we file them with, or furnish them to, the SEC. Contacts: C. Byron Snyder, Chairman and CEO Integrated Electrical Services, Inc. 713-860-1500 Ken Dennard / Karen Roan / DRG&E 713-529-6600 DATASOURCE: Integrated Electrical Services, Inc. CONTACT: C. Byron Snyder, Chairman and CEO, Integrated Electrical Services, Inc., +1-713-860-1500; Ken Dennard, , Karen Roan, , both of DRG&E, +1-713-529-6600 Web site: http://www.ies-co.com/

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