Exhibit 99.1
IES
[GRAPHIC OMITTED]

                                                                    NEWS RELEASE

                                 Contacts:  William W. Reynolds, CFO
                                            Integrated Electrical Services, Inc.
                                            713-860-1500

                                            Ken Dennard / kdennard@drg-e.com
                                                          ------------------
                                            Karen Roan / kroan@drg-e.com
                                                         ---------------
                                            DRG&E   /   713-529-6600


                IES Extends Credit Facility through May 2006 and
                     Updates "Company & Investment Profile"

HOUSTON -- MAY 28, 2003 -- Integrated  Electrical  Services,  Inc.  (NYSE:  IES)
today  announced that it has amended its credit  facility led by JP Morgan Chase
Bank to extend its term from May 2004 to May 2006.  The amended  facility is for
$125  million and has the ability to increase to $150  million at the  company's
discretion.

         IES'  President  and Chief  Executive  Officer,  H. Roddy Allen stated,
"This  amended  facility is in keeping  with the  company's  plan to have a more
conservative capital structure. IES has not drawn on its existing facility since
April 2002.  As of March 31, 2003,  we have $26.1 million in cash on our balance
sheet and have provided  guidance that we expect to generate between $30 million
and $40  million of free cash flow this fiscal  year,  defined as cash flow from
operations less capital expenditures." The amendment to the credit facility will
be filed on May 28, 2003 with the Securities and Exchange  Commission ("SEC") on
Form 8-K.

         Additionally,  IES  announced  today that it has updated its "Company &
Investment   Profile"   which  can  be  found  on  the   company's   website  at
www.ies-co.com  under the investor relations section, or on Form 8-K to be filed
with the SEC on May 28,  2003.  The  "Company  &  Investment  Profile"  includes
updated  discussions of IES' performance,  strategies,  industry  outlook,  peer
analysis  and  guidance  along  with  expanded  discussion  about the  company's
organizational systems, processes and controls, and competitive landscape.

         This profile is being  published and updated by IES in  continuation of
the company's effort to provide greater disclosure and increase  transparency to
the investment community.  Given structural and regulatory changes impacting the
securities  industry  and  challenging  capital  market  conditions,  it is  the
company's  intent to take greater  responsibility  and a more  proactive role in
communicating with investors.





         Investors and  interested  parties are encouraged to visit the investor
relations section on the company's website,  http://www.ies-co.com,  to download
the Adobe Acrobat formatted file of the updated "Company & Investment Profile."

         Integrated Electrical Services,  Inc. is a leading 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, including statements relating to
the  Company's  expectations  of  future  operating  results  that may be deemed
"forward-looking  statements"  within  the  meaning  of the  Private  Securities
Litigation  Reform Act of 1995.  In addition  to  historical  information,  this
document contains forward-looking statements made by the management of IES. Such
statements are typically  identified by terms expressing  future  expectation or
goals. These  forward-looking  statements,  although made in good faith, include
assumptions,  expectations,  predictions,  intentions  or beliefs  about  future
events  and are  subject to risks and  uncertainties  that  could  cause  actual
results to differ  materially  from  those  reflected  in these  forward-looking
statements.  Factors  that might  cause such  differences  include,  but are not
limited to,  inherent  uncertainties  relating  to  estimating  future  results,
fluctuations  in operating  results  because of down-turns in levels or types of
construction,  incorrect  estimates  used  in  entering  fixed-price  contracts,
difficulty   in  managing   operations   in   existing,   geographically-diverse
operations,  the high level of competition  in the  construction  industry,  the
impact of variations in interest rates, general level of the economy, changes in
the level of  competition in the  electrical  industry,  changes in the costs of
labor,  changes in the cost or  availability of bonds required for certain types
of  projects,  inability  to  find  sufficient  numbers  of  trained  employees,
inability  to  successfully  achieve or maintain  planned  business  objectives,
inaccurate estimates used in percentage of completion calculations,  the unknown
effect of U.S.  involvement  in armed  conflict,  and seasonal  variation in the
ability to perform work.  Readers are  cautioned not to place undue  reliance on
these forward-looking statements, which reflect management's opinion only as the
date hereof.  We take no obligation to revise or publicly release the results of
any revision of these forward-looking  statements.  If any revisions are made to
this document,  the revisions will necessarily be delayed from the occurrence of
the event or receipt of the  information  upon which the revision will be based.
Readers should carefully review the cautionary  statement  described in this and
other  documents  we file  from time to time with the  Securities  and  Exchange
Commission, including annual reports on Form 10-K.

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