WASHINGTON, Ill., Nov. 23, 2009 (GLOBE NEWSWIRE) -- SARS Corporation, a Nevada corporation d/b/a FasTech Holdings, Inc. ("SARS" the "Company") (Pink Sheets:SARO), announces the appointment of Laurence Shelver as President and Chief Executive Officer.
Laurence "Larry" Shelver is the founder of Alaska-based Yukon Fuel Company, which he built to $100 million in annual revenues over a five year period. Mr. Shelver started Yukon Fuel Company as a wholly owned subsidiary of Yutana Barge Lines, where Mr. Shelver had previously served as President and General Manager.
Mr. Shelver brings to SARS Corporation a strong labor relations background with years of union contract negotiations experience and National Labor Relations Board hearings experience. He brings hands on familiarity with building construction management, construction approval and implementation of ISO 9000 quality programs, safety plans, environmental regulatory compliance plans, hazardous waste program implementation and compliance, employee training and certification, and has experience in insurance and bonding.
During the last several months, SARS has continued to develop and consolidate its mechanical construction, electrical contracting and facilities services companies that it acquired through mergers it completed in October 2009. Its core focus remains contract installation and servicing of heating, ventilation, and air-conditioning ("HVAC") systems and related plumbing/piping for industrial, residential, and commercial facilities. Its sales are typically developed by a direct market approach -- working with architects and general contractors.
SARS continues to make progress in adapting its remote tracking and monitoring experience to remote management of fixed assets, primarily heating, ventilation, and air-conditioning systems, and is refining its abilities to provide its facilities management customers with a centralized, hardware-indifferent technology platform for aggregating, analyzing and disseminating energy management and facilities environmental control systems.
SARS intends to provide its HVAC and facilities management customers with a wide range of capabilities, including data warehousing and subsequent presentation of multiple data sets, providing location and maintenance records, security status, control data, and state of goods. Additionally, SARS expects that the remote systems services and capabilities will provide the Company with both repeat and ongoing HVAC construction, and upkeep as its existing and historic customers look to modernize and upgrade their environmental control, energy management and maintenance systems. Specific customer benefits from the system include HVAC environment optimization, energy conservation, cost efficiency, and administrative cost reduction, which the Company expects will increase potential revenue and net margins.
Larry Shelver, CEO, commented, "The North American building industry is witnessing a major shift toward 'going green.' We believe that the convergence of green technology, the increased focus on energy, resource and facilities management, combined with our experienced HVAC contractors and personnel with a market saturated with aging infrastructure position us well to expand our HVAC business and energy management."
About SARS Corp.
SARS, d/b/a FasTech Holdings, Inc., 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 preferred 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 and 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. The potential benefits of FasTech's 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 systems that create comfortable, efficient facility environments. 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 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 contains forward-looking statements identified as such because the context of the statement includes the words such as SARS "expects," "should," "believes," "anticipates" or words of similar import. 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.