SEATTLE, Ill., Dec. 11, 2009 (GLOBE NEWSWIRE) -- SARS Corporation (Pink Sheets:SARO), a Nevada corporation d/b/a FasTech Holdings, Inc. ("SARS" the "Company"), a mechanical and electrical construction, energy infrastructure and facilities services company providing for a diverse range of businesses, today announced that it has completed its initial expansion of its Seattle, Ill.-based, remote energy use management and facilities monitoring software to Art & Print, Inc., its Illinois-based printing company ("Art & Print"), which SARS acquired in its recent merger and consolidation of a mid-western-based conglomerate of companies into SARS' wholly-owned subsidiary, FasTech Services, Inc. ("FasTech Services").
SARS' management had previously determined that Art & Print, located in a modern, energy efficient or "green" facility, was the ideal location in Illinois from which to integrate and demonstrate SARS' automated, remote monitoring energy management technology.
Art & Print recently won contracts with the United States Government Printing Offices ("GPO"). GPO has offices in Seattle, San Francisco, Philadelphia, Oklahoma City, Denver, Dallas, Columbus, Chicago, Atlanta and Boston, and allocates over $400 Million in annual Revenue to pre-approved vendors only. Securing these contracts marks a significant expansion of the Company's services beyond its more traditional construction, infrastructure and remote monitoring services, in Washington, IL.
"We are pleased to have the opportunity to use the modern Art & Print manufacturing facilities as the springboard location for our remote energy management and facilities control business in Illinois. We believe this technology to provide significant value added to our established HVAC and construction business," said Larry Shelver, CEO of SARS Corp. "Additionally, the recent GPO contracts represent the diversification of our services and revenue stream, and our ability to provide value to our existing and new customers with ongoing services long after a construction project ends."
About SARS Corp.
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. 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.
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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 environments. 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: This Press Release contains forward-looking statements because 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) successfully 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.