WASHINGTON, Ill., March 26, 2010 (GLOBE NEWSWIRE) -- Frank Bonadio, COO of SARS Corporation, a Nevada corporation d/b/a FasTech Holdings, Inc. ("SARS" or the "Company") (Pink Sheets:SARO), a Midwest HVAC, mechanical and electrical construction, plumbing and energy and infrastructure facilities management company, today provided an update on the several projects that its wholly owned subsidiary, FasTech Services, Inc. ("FasTech Services"), recently commenced in the healthcare sector.
The projects, which include construction and service work at hospitals, clinics, diagnostic and research facilities in the Midwest, demonstrate FasTech Service's continuing position and construction expertise in the growing healthcare industry.
Mr. Bonadio commented, "The national population is aging and Fastech Services is here to provide the infrastructure and related services needed to serve the exacting, complex and mission critical systems and facilities that are so important throughout the healthcare industry -- and which will increasingly become even more important -- as this age demographic continues to grow."
Mark Swank, Chairman and CEO of SARS, elaborated, "Medical facilities -- including hospitals, biotech facilities and research labs -- are system-rich and aligned with our core competencies and expertise have long been a major part of our project portfolio. As this sector continues to grow, we expect to provide new buildings and services to this constantly-expanding sector for many years to come."
Decatur Memorial Center (Decatur, IL) – SARS wholly owned subsidiary, T.A. Brinkoetter and Sons, Inc., which was acquired through SARS' 2009 acquisition of several HVAC and construction companies and their consolidation into FasTech Services, was awarded contracts relating to construction for a new addition at one of the leading medical centers in the Midwest.
SARS, through FasTech Services, will manage various aspects of the ordering, site analysis, logistics, startup processes, and all corrective and planned maintenance service activities for the new addition at Decatur Memorial Hospital's main facility, a leader in diagnostic imaging systems, healthcare information technology solutions, and patient monitoring and cardiac devices.
DMH Cancer Care Institute (Decatur, IL) –T.A. Brinkoetter and Sons was also awarded contracts relating to construction for a new CancerCare clinical building at Decatur Memorial Hospital's Clinical Research Department, the center of discovering, developing, and delivering state-of-the-art cancer treatments, and with research spearheaded by Dr. James Wade III, the medical director of DMH Cancer Institute.
Southern Illinois University School of Medicine (Springfield, IL) – RJ Power Plumbing and Heating Co., was recently awarded contracts relating to the HVAC and temperature controls for the hospital.
Taylorville Clinic (Taylorville, IL) – R.J. Power Plumbing & Heating was additionally awarded contracts relating to certain mechanical systems for the renovation at the main hospital.
Pana Hospital (Pana, IL) –T.A. Brinkoetter and Sons was also awarded construction contracts for a project at Pana Hospital, one of the largest downstate, Illinois, healthcare providers, which includes the physicians who comprise the Pana Medical Group and the Community Medical Clinic of Pana.
Mr. Bonadio reported that through FasTech Services, SARS has currently been invited to bid on over $100,000,000 of work, stating that, "although a contractor never wins all awards, some percentage of the bids will be awarded to the Company due to its longstanding excellent reputation for delivering superior services."
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.
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 an 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 http://www.fastech-inc.com
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