THV Thermoview Industries

ThermoView Industries, Inc. Reports Profitability Strategies for 2005 LOUISVILLE, Ky., Jan. 28 /PRNewswire-FirstCall/ -- ThermoView Industries, Inc. (AMEX:THV), which designs, manufactures and markets home improvements under the brand name "THV: America's Home Improvement Company," today made announcements about its business plans for 2005 and its focus on profitability. ThermoView believes that fiscal year 2005 could see the company reach the significant milestone of positive annual earnings. To realize this vision, the company is implementing several strategies for the year focused upon streamlining and efficiency. First, the company is suspending all development of the new Compozit window. Over the past year, materials prices have increased seven times resulting in a greater than 100% rise in materials costs. While the Compozit materials are superior to vinyl, these cost increases have made further progress prohibitive. ThermoView CEO Charles L. Smith said, "ThermoView will not terminate this project but rather will take a wait-and-see approach to allow possible material price moderation over the next year. Should materials pricing reach a more reasonable level, we will be able to resume the new Compozit product development project. We still believe the new Compozit window could revolutionize the replacement window industry and look forward to being at the forefront of that revolution." In the meantime, ThermoView will focus its attention on near-term profitability in 2005. Second, the company has retained the operational consulting services of Morris Anderson. On January 26, 2005, Morris Anderson began its review and analysis of ThermoView's operations, allowing the company to identify and affect further savings and efficiencies. Smith stated that he is "eager to pinpoint and acquire additional operational improvements" from this engagement. The review and analysis will likely conclude in April of this year, resulting in potential operational benefits for the remainder of the fiscal year and thereafter. Smith also stated that he expects additional news on profitability strategies in 2005 as the company continues to focus on its goal of positive annual earnings this year. About ThermoView Industries, Inc. ThermoView is a national company that designs, manufactures, markets and installs high-quality replacement windows and doors as part of a full-service array of home improvements for residential homeowners. ThermoView's common stock is listed on the American Stock Exchange under the ticker symbol "THV." Additional information on ThermoView Industries is available at http://www.thv.com/ . Safe Harbor Statement Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to our history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure, general economic downturn and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission. Contacts: David A. Anderson, Chief Financial Officer, ThermoView Industries, Inc., 502-968-2020. DATASOURCE: ThermoView Industries Inc. CONTACT: David A. Anderson, Chief Financial Officer of ThermoView Industries, Inc., +1-502-968-2020 Web site: http://www.thv.com/

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