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<title>Home Solutions Form 8-K</title>



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<p align=center style='text-align:center'><b><font size="4">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION <br>
Washington</font></b><font size="4"><b>,
 D.C.</b></font><b><font size="4">&nbsp; 20549</font></b></p>



<p align=center style='text-align:center'><b>______________________</b></p>



<p align="center"><b><font size="4">FORM 8-K</font></b></p>

<p align=center style='text-align:center'><b>&nbsp;</b></p>

<p align=center style='text-align:center'><b>CURRENT REPORT <br>
Pursuant to Section 13 or 15(d) of the<br>
Securities Exchange Act of 1934</b></p>



<p align=center style='text-align:center'><b>______________________</b></p>





<p align=center style='text-align:center'>Date of Report (date of earliest event reported):&nbsp; <b>November
30, 2005</b></p>



<p align=center style='text-align:center'><b><font size="5">Home Solutions of America, Inc.<br>
</font></b><font size="2">(Exact Name of Registrant as Specified in its Charter)</font></p>



<p align=center style='text-align:center'><b>______________________________________________________________________________</b></p>



<p><b>&nbsp;</b></p>

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<p style='margin-left:144.0pt;text-indent:-144.0pt'><b>Delaware</b>&nbsp;</p>
		</td>
		<td align="center"> <b>0-22388</b></td>
		<td align="center"> <b>99-0273889</b></td>
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<p style='margin-top:0pt;margin-right:-27.0pt;margin-bottom:
0pt;margin-left:108.0pt;margin-bottom:.0001pt;text-indent:-108.0pt'>(State of
Incorporation)&nbsp;&nbsp;&nbsp;&nbsp; </p></td>
		<td align="center">(Commission File Number)</td>
		<td align="center">(IRS Employer Identification No.)</td>
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<p align="center"><b>1500 Dragon Street, Suite B <br>
<i>(</i></b>Address of Principal Executive Offices<b><i>)</i></b></p>



<p>Registrant's Telephone
Number, Including Area Code:<b> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (214) 623-8446</b></p>



<p align=center style='text-align:center'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u><b><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</u></b>Former name of address, if changed since last report</p>



<p>Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:</p>



<p style="margin-top: 0; margin-bottom: 0.001pt">[&nbsp;&nbsp; ] Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>

<p style="margin-top: 0; margin-bottom: 0.001pt">[&nbsp;&nbsp; ] Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>

<p style="margin-top: 0; margin-bottom: 0.001pt">[&nbsp;&nbsp; ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</p>

<p style="margin-top: 0; margin-bottom: 0.001pt">[&nbsp;&nbsp; ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>



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<p style='text-align:justify'><b><font size="2">Item 1.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Entry
into a Material Definitive Agreement.&nbsp; </font> </b></p>



<p style='text-align:justify'><font size="2">Please see Item 3.02 of this Form
8-K, Unregistered Sales of Equity Securities, which is hereby incorporated by
reference into Item 1.01 of this Form 8-K.</font></p>



<p style='text-align:justify'><b><font size="2">Item 3.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unregistered
Sales of Equity Securities</font></b></p>



<p style='text-align:justify'><font size="2">As previously announced pursuant
to a Form 8-K filed with the Securities Exchange Commission (the &quot;SEC') on
November 23, 2005, Home Solutions of America, Inc., a Delaware corporation
(&quot;Home Solutions&quot; or the &quot;Company&quot;) entered into subscription agreements (the
&quot;Subscription Agreements&quot;) on November 22, 2005 with certain accredited
investors (the &quot;Investors&quot;) in connection with the proposed private placement
(the &quot;Offering&quot;) of 4,850,000 units (the &quot;Units&quot;) consisting of 4,850,000 shares
of common stock, par value $.001 per share (&quot;Common Stock&quot;) of the Company and purchase
warrants exercisable for 970,000 shares of Common Stock (the &quot;Purchase Warrants&quot;).
Each Unit consists of one (1) share of Common Stock and Purchase Warrants
exercisable for a 0.20 share of Common Stock, at a price of $5.50 per Unit.
</font> </p>



<p style='text-align:justify'><font size="2">On November 30, 2005, Home
Solutions closed the Offering of all 4,850,000 Units.&nbsp; The total purchase price
for the Units, prior to deduction of Offering expenses and Placement Agent fees
and expenses, is approximately $26.7 million.&nbsp; After deduction of Offering
expenses and Placement Agent fees and expenses, the net proceeds to the Company
are approximately $24.6 million.</font></p>



<p style='text-align:justify'><font size="2">The proceeds of the Offering will
be used by the Company to repay outstanding debt obligations, for working
capital and otherwise for general business purposes.&nbsp; Specifically, the proceeds will be used
first, to pay $11 million in debt incurred in connection with the acquisition
of the assets of Florida Environmental Remediation Services, Inc. by the
Company's wholly-owned &nbsp;subsidiary, Home Solutions Restoration of Louisiana,
Inc., next, to pay other outstanding debt in the aggregate amount of $7
million, and last, for working capital purposes.</font></p>



<p style='text-align:justify'><font size="2">Each Purchase Warrant is exercisable
at any time after the closing date upon surrender of the Purchase Warrant to
the Company, payment of the exercise price and completion of an exercise notice.&nbsp; The Purchase Warrants have a
five year term, and have an exercise price of $5.50 per share.&nbsp; The number of
shares issuable under the Purchase Warrants are subject to adjustment if Home
Solutions subdivides its outstanding shares of Common Stock into a greater
number of shares, in which case the exercise price in effect immediately prior
to such subdivision shall be proportionately reduced, or if Home Solutions
combines its shares of Common Stock into a smaller number of shares, in which
case the exercise price in effect immediately prior to such combination shall be
proportionately increased.&nbsp; In the event of a corporate reclassification,
capital reorganization, consolidation, spin-off or similar event, each holder of
a Purchase Warrant shall receive upon the exercise of the Purchase Warrant,
the kind and amount of shares of stock and/or other securities and property
receivable that such holder would have received had the Purchase Warrant been
exercised immediately prior to such event.</font></p>



<p style='text-align:justify'><font size="2">The 4,850,000<b> </b>Units were
offered through Sanders Morris Harris Inc. (the &quot;Placement Agent&quot;) on a best
efforts basis pursuant to a Placement Agent Agreement between the Company and
the Placement Agent dated November 18, 2005 (the &quot;Placement Agent Agreement&quot;).&nbsp;
For services rendered in connection with the Offering and pursuant to the terms
of the Placement Agent Agreement, the Company issued to the Placement Agent, a
warrant exercisable for 125,000 shares of Common Stock (the &quot;Placement Agent
Warrant&quot;).&nbsp; Also in accordance with the terms of the Placement Agent Agreement,
the Placement Agent received a cash payment of approximately $2 million, consisting
of a fee equal to 7% of the gross proceeds of the Offering and reimbursement of
expenses incurred in connection with the Offering.&nbsp; </font> </p>
<p style='text-align:justify'>&nbsp;</p>
<p style='text-align:justify'>&nbsp;</p>



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<p style='text-align:justify'><font size="2">The Placement Agent Warrant is
exercisable at any time after the closing date upon surrender of the Placement
Agent Warrant to the Company, payment of the exercise price and completion of an
exercise notice.&nbsp; The Placement Agent
Warrant has a five year term, and has an exercise price of $5.50 per share.&nbsp;
The number of shares issuable under the Placement Agent Warrant are subject to
adjustment if Home Solutions subdivides its outstanding shares of Common Stock
into a greater number of shares, in which case the exercise price in effect
immediately prior to such subdivision shall be proportionately reduced, or if Home
Solutions combines its shares of Common Stock into a smaller number of shares,
in which case the exercise price in effect immediately prior to such
combination shall be proportionately increased.&nbsp; In the event of a corporate
reclassification, capital reorganization, consolidation, spin-off or similar
event, the Placement Agent shall receive upon the exercise of the Placement
Agent Warrant, the kind and amount of shares of stock and/or other securities
and property receivable that it would have received had the Placement Agent Warrant
been exercised immediately prior to such event.</font></p>



<p style='text-align:justify'><font size="2">Pursuant to a Registration Rights
Agreement entered into among the Company, the Placement Agent and the
purchasers of the Units dated November 30, 2005 (the &quot;Registration Rights
Agreement&quot;), the Company has agreed to register for resale under the Securities
Act of 1933, as amended, the shares of Common Stock issued in the Offering and
the shares of Common Stock underlying the Purchase Warrants and the Placement
Agent Warrant.&nbsp; The Company is obligated to file a registration statement no
later than December 15, 2005, and is obligated to use its commercially
reasonable best efforts to cause the registration statement to be declared
effective within 90 days after the November 30, 2005 closing date.</font></p>



<p style='text-align:justify'><font size="2">Under the Registration Rights
Agreement, if certain events occur which remain uncured which would prevent or
delay the sale of the securities under the registration statement, the Company
is obligated to make payments to each Investor (and the Placement Agent to the
extent it has exercised the Placement Agent Warrant) as liquidated damages for
the amount of damages at a rate equal to one percent of the offering price per
share of Common Stock purchased by such Investor per month, payable within five
days after the end of each calendar month.&nbsp; </font> </p>



<p style='text-align:justify'><font size="2">The proceeds of the Offering were
held in escrow prior to the closing pursuant to an escrow agreement among the
Company, the Placement Agent and the bank acting as the escrow agent (the
&quot;Escrow Agreement&quot;).</font></p>



<p style='text-align:justify'><font size="2">The Offering was made to a
limited number of accredited investors without public solicitation in
accordance with the provisions of Regulation D promulgated under the Securities
Act, and thus, was exempt from the registration requirements of the Securities
Act. </font> </p>



<p style='text-align:justify'><b><font size="2">Item 7.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulation
FD Disclosure.</font></b></p>



<p style='text-align:justify;line-height:12.0pt'><font size="2">On December 1,
2005, Home Solutions issued a press release announcing the closing of a private
placement of 4,850,000 shares of Common Stock, and Purchase Warrants exercisable
for 970,000 shares of Common Stock.&nbsp; A copy of the December 1 press
release, attached hereto as Exhibit 99.1, is being furnished pursuant to
Regulation FD and is incorporated by reference herein.</font></p>
<p style='text-align:justify;line-height:12.0pt'><font size="2">In addition the Company is disclosing in accordance with
Regulation FD, certain excerpts from the Offering materials as set forth on the
attached Exhibit 99.2, which is incorporated by reference herein.&nbsp; </font> </p>



<p style='text-align:justify;line-height:12.0pt'><u><font size="2">Limitation on Incorporation by Reference:</font></u><font size="2">&nbsp; In accordance with general instruction B.2 of
Form 8-K, the information in this Item 7.01 shall not be deemed to be &quot;filed&quot;
for the purposes of Section 18 of the Securities Exchange Act of 1934 or
otherwise subject to the liability of that section.</font></p>



<p><b><font size="2">Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial Statements and
Exhibits.</font></b></p>

<p style='margin-left:36.0pt;text-indent:-36.0pt'><b><font size="2">(D)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits.</font></b></p>

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		<td valign="top">
<font size="2">4.1</font></td>
		<td width="1050" valign="top"><font size="2">Form
of Subscription Agreement between Home Solutions of America, Inc. and the
		Investors,&nbsp;
dated as of November 22, 2005</font></td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">4.2</font></td>
		<td width="1050" valign="top"><font size="2">Form
of Purchase Warrant issued by Home Solutions of America, Inc. to the
		Investors, dated as of November 30, 2005</font></td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">4.3</font></td>
		<td width="1050" valign="top"><font size="2">Form
of Registration Rights Agreement among Home Solutions of America, Inc., Sanders
Morris Harris Inc., and the Investors, dated as of November 30, 2005</font></td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">4.4</font></td>
		<td width="1050" valign="top"><font size="2">Placement
Agent Agreement between Home Solutions of America, Inc., and Sanders Morris
Harris Inc. dated as of November 18, 2005</font></td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">4.5</font></td>
		<td width="1050" valign="top"><font size="2">Placement
Agent Warrant issued by Home Solutions of America, Inc. to Sanders Morris
Harris Inc., dated as of November 30, 2005</font></td>
	</tr>
</table>
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<font size="2">&nbsp;</font></p>

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<font size="2">4.6</font></td>
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<p>
<font size="2">Escrow Agreement between Home Solutions of America, Inc.,
Sterling Bank and Sanders Morris Harris Inc., dated as of November 18, 2005</font></p>

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<font size="2">99.1</font></td>
		<td width="1050" valign="top">










<font size="2">Press release dated December 1, 2005</font></td>
	</tr>
	<tr>
		<td valign="top"><font size="2">99.2</font></td>
		<td width="1050" valign="top"><font size="2">Excerpts from Offering Materials</font></td>
	</tr>
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<p style='margin-left:36.0pt;text-indent:-36.0pt; margin-top:0; margin-bottom:0.001pt'>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>

<p style="margin-top: 0; margin-bottom: 0.001pt"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt">&nbsp;</p>
<p style="margin-top: 0; margin-bottom: 0.001pt"><font size="2">&nbsp;</font></p>

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<p align=center style='text-align:center'><b><font size="2">SIGNATURES</font></b></p>



<p style='text-align:justify'><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.</font></p>



<p><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Home
Solutions of America, Inc.</font></p>







<p style='margin-left:216.0pt;text-indent:-216.0pt'><font size="2">Date:&nbsp; December
1, 2005&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp;
<i><u>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Rick J. O'Brien&nbsp;&nbsp; </u></i></font>
<font size="2"><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<br>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name:&nbsp; Rick J. O'Brien<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title:&nbsp; Chief Financial Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font></p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'><font size="2">&nbsp;</font></p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>
<p style='margin-left:216.0pt;text-indent:-216.0pt'>&nbsp;</p>



















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<p align=center style='text-align:center'><b><u><font size="2">Exhibit Index</font></u></b></p>
<p align=center style='text-align:center'>&nbsp;</p>
<table border="0" width="100%" id="table4">
	<tr>
		<td valign="top">
<font size="2">4.1</font></td>
		<td width="1050" valign="top"><font size="2">Form
of Subscription Agreement between Home Solutions of America, Inc. and the
		Investors,&nbsp;
dated as of November 22, 2005</font></td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">4.2</font></td>
		<td width="1050" valign="top"><font size="2">Form
of Purchase Warrant issued by Home Solutions of America, Inc. to the
		Investors, dated as of November 30, 2005</font></td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">4.3</font></td>
		<td width="1050" valign="top"><font size="2">Form
of Registration Rights Agreement among Home Solutions of America, Inc., Sanders
Morris Harris Inc., and the Investors, dated as of November 30, 2005</font></td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">4.4</font></td>
		<td width="1050" valign="top"><font size="2">Placement
Agent Agreement between Home Solutions of America, Inc., and Sanders Morris
Harris Inc., dated as of November 18, 2005</font></td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">4.5</font></td>
		<td width="1050" valign="top"><font size="2">Placement
Agent Warrant issued by Home Solutions of America, Inc. to Sanders Morris
Harris Inc., dated as of November 30, 2005</font></td>
	</tr>
</table>
<table border="0" width="100%" id="table5">
	<tr>
		<td valign="top">
<font size="2">4.6</font></td>
		<td width="1050" valign="top">










<p>
<font size="2">Escrow Agreement between Home Solutions of America, Inc.,
Sterling Bank and Sanders Morris Harris Inc., dated as of November 18, 2005</font></p>

		</td>
	</tr>
	<tr>
		<td valign="top">
<font size="2">99.1</font></td>
		<td width="1050" valign="top">










<font size="2">Press release dated December 1, 2005</font></td>
	</tr>
	<tr>
		<td valign="top"><font size="2">99.2</font></td>
		<td width="1050" valign="top"><font size="2">Excerpts from Offering Materials</font></td>
	</tr>
</table>
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{"company-data": {"conformed-name": "HOME SOLUTIONS OF AMERICA INC", "cik": "0000855424", "assigned-sic": "8741", "irs-number": "990273889", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31711", "film-number": "051237020"}, "business-address": {"street1": "5565 RED BIRD CENTER DRIVE, SUITE 150", "street2": "-", "city": "DALLAS", "state": "TX", "zip": "75237", "phone": "2146238446"}, "mail-address": {"street1": "5565 RED BIRD CENTER DRIVE, SUITE 150", "street2": "-", "city": "DALLAS", "state": "TX", "zip": "75237"}, "former-company": [{"former-conformed-name": "NEXTGEN COMMUNICATIONS CORP", "date-changed": "20010814"}, {"former-conformed-name": "U S INDUSTRIAL SERVICES INC", "date-changed": "19980629"}, {"former-conformed-name": "EIF HOLDINGS INC", "date-changed": "19930621"}]}
Home Solutions Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington
,
 D.C.
20549
______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
______________________
Date of Report (date of earliest event reported):
November
30, 2005
Home Solutions of America, Inc.
(Exact Name of Registrant as Specified in its Charter)
______________________________________________________________________________
Delaware
0-22388
99-0273889
(State of
Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1500 Dragon Street, Suite B
(
Address of Principal Executive Offices
)
Registrant's Telephone
Number, Including Area Code:
(214) 623-8446
Former name of address, if changed since last report
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions:
[   ] Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ] Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
[   ] Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.              Entry
into a Material Definitive Agreement.
Please see Item 3.02 of this Form
8-K, Unregistered Sales of Equity Securities, which is hereby incorporated by
reference into Item 1.01 of this Form 8-K.
Item 3.02               Unregistered
Sales of Equity Securities
As previously announced pursuant
to a Form 8-K filed with the Securities Exchange Commission (the "SEC') on
November 23, 2005, Home Solutions of America, Inc., a Delaware corporation
("Home Solutions" or the "Company") entered into subscription agreements (the
"Subscription Agreements") on November 22, 2005 with certain accredited
investors (the "Investors") in connection with the proposed private placement
(the "Offering") of 4,850,000 units (the "Units") consisting of 4,850,000 shares
of common stock, par value $.001 per share ("Common Stock") of the Company and purchase
warrants exercisable for 970,000 shares of Common Stock (the "Purchase Warrants").
Each Unit consists of one (1) share of Common Stock and Purchase Warrants
exercisable for a 0.20 share of Common Stock, at a price of $5.50 per Unit.
On November 30, 2005, Home
Solutions closed the Offering of all 4,850,000 Units.  The total purchase price
for the Units, prior to deduction of Offering expenses and Placement Agent fees
and expenses, is approximately $26.7 million.  After deduction of Offering
expenses and Placement Agent fees and expenses, the net proceeds to the Company
are approximately $24.6 million.
The proceeds of the Offering will
be used by the Company to repay outstanding debt obligations, for working
capital and otherwise for general business purposes.  Specifically, the proceeds will be used
first, to pay $11 million in debt incurred in connection with the acquisition
of the assets of Florida Environmental Remediation Services, Inc. by the
Company's wholly-owned  subsidiary, Home Solutions Restoration of Louisiana,
Inc., next, to pay other outstanding debt in the aggregate amount of $7
million, and last, for working capital purposes.
Each Purchase Warrant is exercisable
at any time after the closing date upon surrender of the Purchase Warrant to
the Company, payment of the exercise price and completion of an exercise notice.  The Purchase Warrants have a
five year term, and have an exercise price of $5.50 per share.  The number of
shares issuable under the Purchase Warrants are subject to adjustment if Home
Solutions subdivides its outstanding shares of Common Stock into a greater
number of shares, in which case the exercise price in effect immediately prior
to such subdivision shall be proportionately reduced, or if Home Solutions
combines its shares of Common Stock into a smaller number of shares, in which
case the exercise price in effect immediately prior to such combination shall be
proportionately increased.  In the event of a corporate reclassification,
capital reorganization, consolidation, spin-off or similar event, each holder of
a Purchase Warrant shall receive upon the exercise of the Purchase Warrant,
the kind and amount of shares of stock and/or other securities and property
receivable that such holder would have received had the Purchase Warrant been
exercised immediately prior to such event.
The 4,850,000
Units were
offered through Sanders Morris Harris Inc. (the "Placement Agent") on a best
efforts basis pursuant to a Placement Agent Agreement between the Company and
the Placement Agent dated November 18, 2005 (the "Placement Agent Agreement"). 
For services rendered in connection with the Offering and pursuant to the terms
of the Placement Agent Agreement, the Company issued to the Placement Agent, a
warrant exercisable for 125,000 shares of Common Stock (the "Placement Agent
Warrant").  Also in accordance with the terms of the Placement Agent Agreement,
the Placement Agent received a cash payment of approximately $2 million, consisting
of a fee equal to 7% of the gross proceeds of the Offering and reimbursement of
expenses incurred in connection with the Offering.
2
The Placement Agent Warrant is
exercisable at any time after the closing date upon surrender of the Placement
Agent Warrant to the Company, payment of the exercise price and completion of an
exercise notice.  The Placement Agent
Warrant has a five year term, and has an exercise price of $5.50 per share. 
The number of shares issuable under the Placement Agent Warrant are subject to
adjustment if Home Solutions subdivides its outstanding shares of Common Stock
into a greater number of shares, in which case the exercise price in effect
immediately prior to such subdivision shall be proportionately reduced, or if Home
Solutions combines its shares of Common Stock into a smaller number of shares,
in which case the exercise price in effect immediately prior to such
combination shall be proportionately increased.  In the event of a corporate
reclassification, capital reorganization, consolidation, spin-off or similar
event, the Placement Agent shall receive upon the exercise of the Placement
Agent Warrant, the kind and amount of shares of stock and/or other securities
and property receivable that it would have received had the Placement Agent Warrant
been exercised immediately prior to such event.
Pursuant to a Registration Rights
Agreement entered into among the Company, the Placement Agent and the
purchasers of the Units dated November 30, 2005 (the "Registration Rights
Agreement"), the Company has agreed to register for resale under the Securities
Act of 1933, as amended, the shares of Common Stock issued in the Offering and
the shares of Common Stock underlying the Purchase Warrants and the Placement
Agent Warrant.  The Company is obligated to file a registration statement no
later than December 15, 2005, and is obligated to use its commercially
reasonable best efforts to cause the registration statement to be declared
effective within 90 days after the November 30, 2005 closing date.
Under the Registration Rights
Agreement, if certain events occur which remain uncured which would prevent or
delay the sale of the securities under the registration statement, the Company
is obligated to make payments to each Investor (and the Placement Agent to the
extent it has exercised the Placement Agent Warrant) as liquidated damages for
the amount of damages at a rate equal to one percent of the offering price per
share of Common Stock purchased by such Investor per month, payable within five
days after the end of each calendar month.
The proceeds of the Offering were
held in escrow prior to the closing pursuant to an escrow agreement among the
Company, the Placement Agent and the bank acting as the escrow agent (the
"Escrow Agreement").
The Offering was made to a
limited number of accredited investors without public solicitation in
accordance with the provisions of Regulation D promulgated under the Securities
Act, and thus, was exempt from the registration requirements of the Securities
Act.
Item 7.01.              Regulation
FD Disclosure.
On December 1,
2005, Home Solutions issued a press release announcing the closing of a private
placement of 4,850,000 shares of Common Stock, and Purchase Warrants exercisable
for 970,000 shares of Common Stock.  A copy of the December 1 press
release, attached hereto as Exhibit 99.1, is being furnished pursuant to
Regulation FD and is incorporated by reference herein.
In addition the Company is disclosing in accordance with
Regulation FD, certain excerpts from the Offering materials as set forth on the
attached Exhibit 99.2, which is incorporated by reference herein.
Limitation on Incorporation by Reference:
In accordance with general instruction B.2 of
Form 8-K, the information in this Item 7.01 shall not be deemed to be "filed"
for the purposes of Section 18 of the Securities Exchange Act of 1934 or
otherwise subject to the liability of that section.
Item 9.01.              Financial Statements and
Exhibits.
(D)          Exhibits.
4.1
Form
of Subscription Agreement between Home Solutions of America, Inc. and the
		Investors, 
dated as of November 22, 2005
4.2
Form
of Purchase Warrant issued by Home Solutions of America, Inc. to the
		Investors, dated as of November 30, 2005
4.3
Form
of Registration Rights Agreement among Home Solutions of America, Inc., Sanders
Morris Harris Inc., and the Investors, dated as of November 30, 2005
4.4
Placement
Agent Agreement between Home Solutions of America, Inc., and Sanders Morris
Harris Inc. dated as of November 18, 2005
4.5
Placement
Agent Warrant issued by Home Solutions of America, Inc. to Sanders Morris
Harris Inc., dated as of November 30, 2005
3
4.6
Escrow Agreement between Home Solutions of America, Inc.,
Sterling Bank and Sanders Morris Harris Inc., dated as of November 18, 2005
99.1
Press release dated December 1, 2005
99.2
Excerpts from Offering Materials
4
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Home
Solutions of America, Inc.
Date:  December
1, 2005                                                                      By:
/s/ Rick J. O'Brien
Name:  Rick J. O'Brien
Title:  Chief Financial Officer
5
Exhibit Index
4.1
Form
of Subscription Agreement between Home Solutions of America, Inc. and the
		Investors, 
dated as of November 22, 2005
4.2
Form
of Purchase Warrant issued by Home Solutions of America, Inc. to the
		Investors, dated as of November 30, 2005
4.3
Form
of Registration Rights Agreement among Home Solutions of America, Inc., Sanders
Morris Harris Inc., and the Investors, dated as of November 30, 2005
4.4
Placement
Agent Agreement between Home Solutions of America, Inc., and Sanders Morris
Harris Inc., dated as of November 18, 2005
4.5
Placement
Agent Warrant issued by Home Solutions of America, Inc. to Sanders Morris
Harris Inc., dated as of November 30, 2005
4.6
Escrow Agreement between Home Solutions of America, Inc.,
Sterling Bank and Sanders Morris Harris Inc., dated as of November 18, 2005
99.1
Press release dated December 1, 2005
99.2
Excerpts from Offering Materials
6