PHOENIX, July 19, 2005 (PRIMEZONE) -- Home Warranty Services of America, Inc. (Pink Sheets:HWSV), a Nevada Corporation, is pleased to announce National Industry Data for the Home Warranty sector.
California set a home warranty purchase record in 2004. The HWAC (Home Warranty Assoc of California) reported nine of every 10 resale home transactions included a home warranty. Over half a million home warranties were sold, an increase of 3.6 percent over 2003. Hot home market and increased awareness of product and its value cited. Home repair is one of the top gripes sited by home owners with 77 percent of them agreeing that repairs are frustrating; over 54 percent of Americans repaired a home system or major appliance one or more time in the past year. A home warranty is a great way to offset the cost and frustration.
Home Solutions of America (a niche provider of specialty home services) reported record profits in 2004, with revenue up 122% ($31.1M from $14.4M) from 2003 -- they operate in TX, CA, and FL.
HSA is a National Home Warranty Provider with its head office and initial operations based in Arizona.
HSA is planning to expand into other key markets by the end of 2005 and the first quarter of 2006.
Visit Home Warranty Services of America at www.homeservicesofamerica.com Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.