SARS Corp. Appoints Chief Operating Officer
Chris Wain Brings 25 Years Experience with World-Class Aerospace Companies
SEATTLE--(BUSINESS WIRE)--SARS Corp. (OTCBB:SARO), a leader in satellite-based management of fixed and mobile assets anywhere in the world, has retained Chris Wain as Chief Operating Officer. He will be based in the company’s Northern Ireland office to lead product enhancement and worldwide commercialization of their UtilityEye™ liquefied petroleum gas (LPG) tanks monitoring device.
Over the past twenty five years, Wain has worked with world-class companies including British Aerospace, British Petroleum, General Electric, Bombardier, Alenia and Ciba Geigy in the areas of R & D, business development, contract negotiation/management, international outsourcing and finance.
”Wain has an excellent record of success managing risks associated with the application of emerging technologies as well as developing teams which excel in problem solving and leadership skills,” said Clayton Shelver, CEO of SARS. “We’re excited to have him oversee the production of our UtilityEye™ liquefied petroleum gas (LPG) tanks monitoring device.”
SARS acquired the UtilityEye™ products, which utilize breakthrough technology for the remote monitoring of propane and butane gas tank levels via satellite, in connection with their acquisition of Andronics, Ltd. in December, 2007.
“There is an incredible market for oil and gas monitoring, particularly in Europe, North America and South America,” said Wain. “With UtilityEye™, in many cases delivery costs can be reduced to where the return-on-investment can be less than 18-months.”
In addition to the UtilityEye™ system, Wain will also be overseeing development of the SARS Roadtrac solution, which uses General Packet Radio Service (GPRS) and satellite technology to track and monitor the movement and location of vehicles.
About SARS Corp.
Utilizing a network of satellite, cellular and UHF radio systems, SARS Corp. provides remote asset management and telematics solutions that deliver real-time business intelligence about fixed and mobile assets anywhere in the world. With SARS Tracpoint software suite, business and government organizations in the marine, energy, transportation and other industries can track, monitor and manage assets for improved safety, better security and increased business efficiency. To learn more about how SARS is helping companies centralize and leverage asset intelligence, visit www.sarscorp.com.
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The contents of this Press Release may contain forward-looking statements which can be generally identified as such because the context of the statement will include the words such as SARS Corp. "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 Corp. which could cause actual results, performance or achievements of SARS Corp. 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.
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"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 only predictions and may differ materially from actual future events or results. SARS Corp. 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 Corp. 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, (ii) obtain profitability, (iii) obtain additional financing, (iv) manage changes in general economic and business conditions (including in the asset management and asset tracking industries), (v) react to actions of our competitors, (vi) develop new services and markets for our services, (vii) properly quantify the time and expense involved in such development activities, (viii) identify and manage risks in connection with acquisitions (ix) evaluate the level of demand and market acceptance of our services and (x) make necessary changes to our business strategies.
