SEATTLE, Ill., Dec. 28, 2009 (GLOBE NEWSWIRE) -- SARS Corporation (Pink Sheets:SARO), a Nevada corporation d/b/a FasTech Holdings, Inc. ("SARS," or the "Company"), a mechanical and electrical construction, energy infrastructure and facilities services company providing a diverse range of services, today announced that it recently commenced work pursuant to its contract with the Illinois National Air Guard, located in Springfield, IL. Under the contract, the Company is responsible for upgrading an F-16 engine hangar, in connection with and on behalf of the Defense Base Closure and Realignment Commission (BRAC). The upgrade includes work on existing plumbing and installation of new vents, water piping and waste facilities. The total contract value is approximately $212,975.00.
Frank Bonadio, COO of SARS, commented: "We are proud to be working with the National Guard and expect that our performance will result in repeat business with government entities on the federal and state level."
About SARS Corporation
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 control 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 and efficient and comfortable facility environment. It installs building automation technology for commercial spaces in various industries, and 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 and 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, book, 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 integrate such services with the products/services of co-joint ventures, and (vii) foresee and make necessary changes to our business strategies.