SEATTLE, Aug. 7, 2009 (GLOBE NEWSWIRE) -- SARS Corporation (Pink Sheets:SARO), a Nevada corporation d/b/a FasTech Holdings, Inc. ("FasTech" or the "Company"), today announced that it has retained Clayton Shelver as Executive VP/CTO, with the specific responsibility to facilitate the company's planned expansion of its building energy management and controls services and business. Mr. Shelver is currently ushering FasTech through the process of obtaining certifications with several, worldwide providers of building control systems, and expects to complete the initial certifications within the next several weeks.
Shelver, formerly a CTO of SARS who brings over 20+ years of IT management and systems monitoring experience, will provide FasTech with management and understanding of how to utilize and integrate systems controls, asset information, and information systems for both the company and its customers. FasTech expects that Shelver's professional background will enable FasTech, through remote asset monitoring and control, to measurably increase services in energy efficient building management and controls, a field which includes everything from programmable building temperature controls to comprehensive technology that can monitor, measure, and control hundreds of HVAC systems and devices remotely. Assets are considered "remote" if outside the immediate view of the person responsible for managing them, and are typically appropriate for remote management if they are high-value assets, and/or ones that can need schedule, operating status, environmental conditions status, and notification of "condition change" status.
In addition to providing services on new construction, Shelver and the FasTech team will work with controls products that are "open" software platform -- typically based on the industry software standard called BACnet(tm) -- and ones that can be configured to use any communications service or hardware. This will allow FasTech to integrate with existing competitive control systems and to market remote monitoring services to already-constructed and operating facilities. These FasTech monitoring services offer building owners and operators a variety of benefits, including reduced operating costs, protection of current system investments and increased equipment life, lowered maintenance costs, rapid problem identification, and improved operating efficiency.
Said Frank Bonadio, FasTech President and CEO: "We're delighted to have Clayton join our team of systems professionals. His prior monitoring experience with SARS allows us to take advantage of a growing opportunity in building energy management in the MidWest and beyond. We work with a large base of aging buildings, hospitals, schools, etc. -- all of which must be maintained or upgraded due to their general condition and to hold back the effect of dramatically rising utility costs. Adding new construction opportunities to that, we see energy management as a natural and profitable extension of our design and construction businesses."
Shelver added: "Energy controls and systems monitoring/management are clearly fields that represent tremendous future financial growth and opportunity for FasTech. I look forward to working with Frank and the entire group to secure as much of that business as possible."
FasTech recently commenced the process of formerly changing its name from SARS Corporation to "FasTech Holdings, Inc."
About SARS Corporation ("SARS"):
SARS, d/b/a FasTech, is a control systems contracting and services company, providing design and sales, installation services, and monitoring software to building owners and operators. We design, install, and service innovative systems to create comfortable, efficient environments and facilitate the use of systems automation and controls monitoring in commercial spaces. Our integrated HVAC solutions reduce energy consumption and greenhouse gases while increasing operating efficiency. Additionally, we offer software solutions that enable building owners and management companies to manage the "control" assets remotely. This high level of visibility means any problems can be resolved faster, maintaining occupant comfort and minimizing deviations from energy saving strategies. Benefits of FasTech systems include reduced operating costs, preserved system investments, increased equipment life, lowered maintenance costs, rapid problem identification, and improved operating efficiency.
The SARS Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5966
FasTech Services, Inc. ("FasTech Services"), a wholly owned subsidiary of FasTech, was formed by the consolidation of a conglomerate of mechanical and electrical construction, energy infrastructure, and facilities services companies that design, install, service and monitor innovative systems that create comfortable, efficient facility environment. It also installs building automation technology for commercial spaces in various industries, as well monitors and controls these systems from off-site locations. FasTech Services specifically provides services for industrial, residential and commercial heating ventilation and air conditioning ("HVAC") systems as well as plumbing, piping and necessary fixtures. The individual companies acquired included Environmental Insulation, Inc., ESDD, LLC, Alternatech, Inc., Swank Enterprises, Inc. d/b/a Art & Print, Inc., Associated Mechanical, Inc. and R.J. Power Plumbing & Heating Company.
For more information about FasTech, please visit our website at www.fastech-inc.com.
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Safe Harbor Statement
The contents of this Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as SARS "expects," "should," "believes," "anticipates" or words of similar import. Such forward-looking statements are subject to certain risks and uncertainties including the financial performance of SARS which could cause actual results, performance or achievements of SARS to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore.
"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. SARS disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by SARS with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with our ability to: (i) increase revenues, (ii) obtain profitability, (iii) obtain additional financing, (iv) react to actions of our competitors, (v) develop new services and markets for our services, remain in compliance with regulatory rules and regulations and to integrate such services with the products and services of our co-joint ventures and (vi) foresee and make necessary changes to our business strategies.