HOUSTON, May 24, 2016 (GLOBE NEWSWIRE) -- Integrated Electrical Services, Inc. (or “IES”) (NASDAQ:IESC) today announced that it
received stockholder approval to change its corporate name to IES Holdings, Inc. The corporate name change to IES Holdings,
Inc. is expected to be reflected at the open of trading on Wednesday, May 25, 2016. The Company has retained its ticker
symbol of "IESC" on the NASDAQ stock exchange.
ABOUT IES HOLDINGS, INC.
IES is a holding company that owns and manages diverse operating subsidiaries, comprised of providers of industrial infrastructure
services to a variety of end markets. Our over 3,100 employees serve clients in the United States and abroad. For more information
about IES, please visit www.ies-co.com.
Certain statements in this release may be deemed "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, all of which are based upon various estimates and
assumptions that the Company believes to be reasonable as of the date hereof. In some cases, you can identify forward-looking
statements by terminology such as "may," "will," "could," "should," "expect," "plan," "project," "intend," "anticipate," "believe,"
"seek," "estimate," "predict," "potential," "pursue," "target," "continue," the negative of such terms or other comparable
terminology. These statements involve risks and uncertainties that could cause the Company's actual future outcomes to differ
materially from those set forth in such statements. Such risks and uncertainties include, but are not limited to, the ability of
our controlling shareholder to take action not aligned with other shareholders; the possibility that certain tax benefits of our
net operating losses may be restricted or reduced in a change in ownership; the inability to carry out plans and strategies as
expected, including our inability to identify and complete acquisitions that meet our investment criteria in furtherance of our
corporate strategy; competition in the industries in which we operate, both from third parties and former employees, which could
result in the loss of one or more customers or lead to lower margins on new projects; fluctuations in operating activity due to
downturns in levels of construction, seasonality and differing regional economic conditions; and our ability to successfully manage
projects., as well as other risk factors discussed in this document and in the Company's annual report on Form 10-K for the year
ended September 30, 2015. You should understand that such risk factors could cause future outcomes to differ materially from
those experienced previously or those expressed in such forward-looking statements. The Company undertakes no obligation to
publicly update or revise any information, including information concerning its controlling shareholder, net operating losses,
borrowing availability, or cash position, or any forward-looking statements to reflect events or circumstances that may arise after
the date of this release.
Forward-looking statements are provided in this press release pursuant to the safe harbor established under the Private
Securities Litigation Reform Act of 1995 and should be evaluated in the context of the estimates, assumptions, uncertainties, and
risks described herein.
General information about Integrated Electrical Services, Inc. can be found at http://www.ies-co.com under "Investors." The Company's
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 the Company's website as soon as reasonably practicable after they are filed with, or
furnished to, the SEC.
Contact: Robert Lewey, President IES Holdings, Inc. 713-860-1500
