SEATTLE, Sept. 24, 2009 (GLOBE NEWSWIRE) -- SARS Corporation, a Nevada corporation d/b/a FasTech Holdings, Inc. ("SARS" the "Company") (Pink Sheets:SARO), a mechanical and electrical construction, energy infrastructure and facilities services company providing for a diverse range of businesses, today announced that it has posted its unaudited financial statements for the year ended September 30, 2008, on the Pink Sheets Electronic OTC Markets website.
SARS Corporation intends to file the unaudited Financial Statements and Notes to the Financial Statements for the quarters subsequent to September 30, 2008 through June 30, 2009, within the next 14-21 days, after which SARS Corporation intends to complete and file its audited Annual Report, and independently reviewed Quarterly Reports for the corresponding periods, with the Securities and Exchange Commission. These financials reflect the historic business of SARS, and not the current consolidated financial statements of its recently acquired subsidiary, FasTech Services, Inc., which statements the parties are currently working to prepare.
Frank Bonadio, CEO of SARS, commented, "Compiling and posting the 2008 Financial Statements marks an initial step toward providing financial information to the public, and reflects our efforts to return to fully reporting status in preparation for our eventual goal of listing SARS stock on a national exchange."
About SARS Corp.
SARS, d/b/a FasTech, 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. 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 installs building automation technology for commercial spaces in various industries, 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, visit www.fastech-inc.com.
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Safe Harbor Statement
This Press Release may contain forward-looking statements 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 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 and gain profitability, (ii) collect payables, (iii) obtain financing necessary to restructure its current liabilities and long term debt obligations, (iv) successful integrate the business, books and records and management of the FasTech entities with that of SARS, (v) respond to actions of our competitors, (vi) develop new services and markets for our services, remain in compliance with regulatory rules and regulations and to integrate such services with the products/services of co-joint ventures and (vii) foresee and make necessary changes to our business strategies.