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NEWS!!!
March 26, 2010-SARS Corp. Announces Over $8 Million in Healthcare Projects for Leading Providers in Midwest
http://globenewswire.com/newsroom/news.html?d=187516
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.
SARS's recently initiated healthcare-facilities projects include:
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."
Current Bids www.fastech-inc.com/joomla15/index.php
Biodiesel Manufacturers Plant: Total Bid $40,000,000
OSF St. Francis Jump Trading Center: Total Bid $25,000,000
Rock Valley College: Total Bid $23,000,000
Lincoln Land Community College: Total bid $10,000,000
OSF St. Joseph Medical Center Add.: Total Bid $5,000,000
Mercer County Jail: Total Bid $4,000,000; Scott Co. Courthouse Project
Kindred Healthcare, Inc.: Total Bid $1,100,000
Menard County Housing Authority: Total Bid $600,000
Sams Club in Decatur, IL: 110,000 square foot building
IVCC: Total Bid $1,000,000; SIU School of Medicine: Total Bid $300,000; Chatham School: Total Bid $250,000; Sheridan School: Total Bid $500,000; Bradley University 327,000, 72,000 and 13,500 square foot projects; Many University of Illinois projects; Illinois State Bone Student Center Project; Heartland Comm. College Remodel; Hines Primary School in Peoria, IL; Dist 87 project;
Senara Health & Healing Center; Aldi's in Peoria, IL; Soderstrom Medical Building; Goodwill Building Renovations in Canton, IL; Pro-Image project in Dillon, IL; Shoe Department in Pontiac, IL; Toys R Us Remodel; OSF education Center; Dunlap High School; Heyworth High Renovation;
El Paso Elevator; Crazy 8 store; Bass Pro Shop; Marriott Hotel; Bradley University; University of Wisconsin; Walmart stores in Muscatine, IA, Springfield, IL, Ferguson, MO and Rockford, IL; Old Navy stores; Flagship Enterprise Center; Springfield Sanitary District Project; Love's Travel Center in Demotte, IN and Kankakee, IL; Additionally we have been invited to bid on more than 50 other jobs recently....
Most Bids listed above are estimates for projects Fastech bids on and are not for the Total Project.
SARS Completes Acquisition of Installation and Monitoring Businesses
SEATTLE, July 17, 2009 (GLOBE NEWSWIRE) -- SARS (the "Company") (Pink Sheets:SARO - News) announces the closing of a merger between the Company's U.S.-based monitoring and management services business and an Illinois-based conglomerate specializing in mechanical and electrical construction, energy infrastructure, facility installation, service and design (announced June 3, 2009). The companies acquired include 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 (collectively referred as "Associated Mechanical") through a merger between each of the individual entities and FasTech Services, Inc. ("FasTech Services"), a newly formed, wholly owned subsidiary of SARS. SARS and Associated Mechanical amended the original merger agreement to extend the closing date to July 8, 2009 and adjusted the contemplated share distribution of SARS' common stock to Associated Mechanical to 60%.
Resulting from the merger is a new, multi-million dollar operating company with expected combined annual revenues of approximately $35,000,000. The Company will offer facilities systems monitoring controls in addition to building automation for commercial spaces. By focusing on advanced systems-management technology and comprehensive construction services, the combined companies will be capable of providing customers with continuous and up to the minute reports on critical heating, air, electrical, and security systems for buildings of virtually any size.
Said Frank Bonadio, incoming Chief Executive Officer of SARS: "We're eager to combine the Company's existing technological capabilities and expertise with the newly acquired products and services. Our ability to offer a complete suite of internal building controls and services to our customers will have a dramatic impact on the expansion of our business." Geoff Meagher, SARS' interim Chief Executive Officer stated, "We're eager to take this new opportunity to enter a new marketplace in order to broaden our reach and expand the application of remote asset management and monitoring technology."
SARS has undertaken the initial steps to change its name to FasTech Holdings, Inc. The Company expects the effective date of the name change to be approximately 30 days from this release.
Swank Enterprises, a conglomerate of Illinois Corporations, has recently reorganized as FasTech Services, Inc. ("FasTech Services" or the "Company", a Nevada-based corporation and wholly-owned subsidiary of SARS Corporation) is a mechanical and electrical construction, energy infrastructure, and facilities services company. Its service businesses revolve around the installation of industrial, residential and commercial heating, ventilation, and air-conditioning ("HVAC") systems, as well as plumbing, piping and necessary fixtures. More specifically, FasTech designs, installs, and services innovative systems that create comfortable, efficient environments and facilitate the use of systems automation for commercial spaces used by various industries. Additionally, FasTech's systems technology creates the ability to track, monitor, and control building environments from off-site locations via web-based servers and both proprietary and open-source software tools.
FasTech Services' founding operation dates to 1914, and it has grown from a number of small, family-owned enterprises into a larger, integrated group of businesses offering quality systems and service to local, regional, and national building owners, operators, and developers. The Company currently functions with multiple operating divisions, and each "HVAC" division provides any and all of the Company's available services to customers.
Fastech Services is a mechanical and electrical construction, energy infrastructure, and facilities services company, with additional expertise in process piping and sheet metal fabrication. 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. Additionally, we offer software solutions that enable building owners and management companies to manage the "control" assets remotely.
FasTech creates integrated HVAC solutions that reduce energy consumption and greenhouse gases while increasing operating efficiencies. Benefits of FasTech systems include reduced operating costs, preserved system investments, increased equipment life, lowered maintenance costs, rapid problem identification, and improved operating efficiency.
Management:
Frank Bonadio -CEO/President/Director
Frank Bonadio, 55, joined the Illinois conglomerate in 2008, and brings nearly 30 years of management and operating experience in both private and public firms across the US. Mr. Bonadio is responsible for direct management of business operations and the execution of the Company's strategic plans. He oversees financial reporting, treasury, budgeting, planning and administrative functions. Prior to FasTech Services, Inc., Mr. Bonadio had been CEO, CFO, COO, and controller in various companies, and had responsibilities for managing external/internal reporting, cash, tax matters, internal and external financial issues. For the last five years, Mr. Bonadio had been President of his own management consulting firm and received his MBA from University of Dayton in 1977, and a BS degree from Duquesne University in 1976.
Phillip Heinz as CFO and Executive Vice-President
As Executive Vice President and Chief Financial Officer of FASTECH, Mr. Heinz is responsible for overseeing all corporate strategy, accounting, and financial reporting functions, in addition to the supervising and maintaining all human resources programs and policies. Phillip has nearly three decades of operating expertise dealing with business and financial issues, and overseeing financial operations. Uniquely, Phillip has direct prior operating experience relevant to FASTECH in not only construction facilities project management, but also bidding and estimating, as well as engineering.
Phillip has exceptionally deep and long-standing knowledge of our companies and has overseen many past engagements with Fastech companies since 1988. At that time, he worked at TAB as a project/quality control and project estimator before TAB was acquired (when TAB was a family-owned business). Since then, Phillip has steadily moved up the corporate ranks, to Associate Vice President and Corporate Controller from 2006 to 2009, and to his current post as Executive Vice President and Chief Financial Officer in 2009. Over his career with Phillip has contributing greatly to developing TAB's reputation as one of the leading and most well-respected mechanical HVAC and piping/plumbing contractors in Central Illinois, and across the State of Illinois.
Prior to TAB, Mr. Heinz worked as a staff engineer for eight years with Baldwin & Associates, which focused on industrial safety piping and instrumentation systems for buildings. Mr. Heinz graduated from the University of Illinois in 1981 with a degree in Economics. He also completed two years of Civil Engineering study from the University of Illinois.
Dennis Power as President of Field Operations
As President of Operations and General Manager, Mr. Powers will be responsible for overseeing and developing operations. Dennis is a true veteran to the industry and had a more than a 32-year history with RJP. He has extensive experience in all areas of the industry including estimating, management of assets, budgeting, strategic planning, and analysis. Dennis has been passionate about and dedicated to the contracting business (as well as the success of RJP) since 1976, when he first joined the company. Since then, he has assumed numerous leadership roles within the company, including as Plumbing Estimator, Plumbing Construction Project Manager, Corporate Vice President, Executive Vice President and President.
Fastech Holdings Corp:
Mark Swank-CEO/President
Mark Swank is the founder and Chairman of Swank Enterprises, Inc., which initiated the purchase of a conglomerate of Illinois based HVAC, mechanical and electrical construction companies that were merged into FasTech Services, Inc., a wholly owned subsidiary of SARS Corporation, d/b/a FasTech. He was the President and CEO of Associated Mechanical, Inc.; R.J Power Plumbing and Heating; T.A. Brinkoetter and Sons, and Alternatech, Inc. Mr. Swank has been responsible for the overall strategy, direction and performance of the conglomerate and had been the majority shareholder prior to the Merger. Prior to founding Swank Enterprises, Mr. Swank held numerous senior management positions in several private and public technology companies across the US. He has a successful track record for delivering financial results for investors in each of these companies. Mr. Swank obtained a B.A. degree in Business from Sutherland University in California and a M.B.A. from Sutherland University where he graduated summa cum laude.
Frank Bonadio-COO/Senior VP
Phillip Heinz -CFO/Senior VP
CEO and Chairman of the Board Message
Customers and Business Partners,
Thank you for visiting this Fastech, Inc. website!
The story of Fastech Services, Inc. is one of challenges, pioneering, and trust in the future. We have a solid history in the Mechanical and Electrical Industry which can be traced back to a small town in 1912, where we held the groundbreaking for our first office. Since that beginning we have developed into an integrated company with five divisions.
We believe that our success is largely due to our employees and Manegements philosophical credos "Creative Wisdom," "Positive Thinking," and "Unwavering Drive." These values extend to all of our relationships with customers, employees, and business partners. Building on these founding philosophies, we aim to become the leading company in the our field, providing products and services that are unrivaled in quality. We have built a company in which all employees interact on the basis of responsibility and autonomy via clear-cut goals and devotion to Fastech Services, Inc.
Our vision is to be a 'Global Leader' in the Mechanical and Electrical industry fields. We are aware that we will need to make long strides and give a remarkable effort to fulfill our vision. As the key to achieving our vision, we will steadfastly adhere to our core business philosophy of stable growth, technological innovation, and internal harmony and cooperation. We hope you will continue to share in our success with us.
We hope your visit to our website is helpful.
SERVICES:
Mechanical Contracting
Electrical Contracting
Service & New Installation
Facility & Equipment Monitoring Services
Building Energy Management and Monitoring
Fastech's real-time, continuous monitoring of facility, HVAC/energy usage will:
Fire Protection
Companies Owned by FasTech Services, Inc.
Swank Enterprises is a Holding company in the heart of the Midwest that is a full service contracting firm with expertise in site excavation, plumbing, fire protection, HVAC, process piping, sheet metal fabrication, and electrical. Our skilled staff and state-of-the-art facilities provides you with solutions for everything from project management to design work and installations/repairs. Swank Enterprises owns companies in industries other than construction; they also own Technology and Printing companies.
Estimated Annual Sales of $25,000,000
Phone: 309-427-5961 - Fax: 309-427-5964
Alternatech, Inc. is a Peoria Area based firm that has spent the past 15 years providing top quality professional service and support to its clients throughout the U.S. and Canada. Our focus has been superior support for all IT needs, network, hardware, software, and training, for clients utilizing any of our many software applications. Through our network department we have made available this same superior support to all customers, large or small, desiring professional and prompt computer/network service, regardless of their core software applications.
Estimated Annual Sales of $2,500,000
Phone: 309-272-6200 - Fax: 309-272-6201 - information@alternatech.net
We are more than your average commercial printing company, we offer a full service graphic design department, direct mailing services, and systematic literature fulfillment opportunity. Our 100+ years experience as a commercial printing company enables Art & Print, Inc. to improve printing processes to benefit your bottom line. These processes use "True Digital Production," the latest software and technology, as well as letterpress and traditional offset printing technologies to achieve better results for your print materials. These improved results come from reduced printing costs or superior printed materials.
Estimated Annual Sales of $5M to $10M
Phone: 309-698-0901 - Fax: 309-698-0903 - sales@artandprintinc.com
Associated Mechanical, Inc. was founded in 1983. Since that time, AMI has continuously served the Central Illinois area. AMI is conveniently headquartered in central Illinois allowing us to service companies across the state of Illinois. Providing new installation and service for all types of plumbing, heating, air conditioning, and general piping systems, AMI has been the solution for a wide range of customers, including commercial, industrial and residential for more than 23 years. Their 24-hour service has assisted in scoring them many new clients, as well as maintaining their list of satisfied, repeat clientele.
Phone: 309-694-0626 - Toll Free: 1-800-624-5100 - Fax: 309-694-1607
ESDD, LLC. was formed in May 11, 2009 http://www.tennesseeanytime.org/soscorp/results.jsp;jsessionid=C5FB269C059AFFF23957A51436835CB9
Phone: 931-241-2640 - Fax: 931-233-2200
From innovative design/build solutions to complete fabrication and installation, from experienced consultation to just plain friendly service, RJ Power has a professional commitment to excellence that makes our business philosophy easy to remember.
RJ Power Plumbing has 43 full-time employees
Estimated Annual Sales of $5M to $10M
Phone: 217-546-0050 - Fax: 217-546-6583
In the June 10, 2009 PR , and in the September 4, 2009 PR , SARS Corp. announced their intent to acquire certain assets from T.A. Brinkoetter & Sons, Inc.
Founded in 1914, T. A. Brinkoetter & Sons was incorporated in 1954. Since then, this local family-owned business has grown from residential and small commercial Plumbing & Heating projects to include large commercial and industrial customers. T.A. Brinkoetter & Sons is a United Association Fabrication Shop, with a large fabrication facility using high-tech automated equipment to handle virtually any size fabrication job. Our fabrication shop has the latest in sheet metal equipment to insure quality & efficiency. T.A. Brinkoetter & Sons is a Union firm, providing quality Union labor for all its projects.
Phone: 217-423-3493 - Bid/Project Fax: 217-423-9862 - Accounting Fax: 217-420-1957 - info@tabrinkoetter.com
There are no PRs stating that Twin City Controls was acquired, or will be acquired, in the merger. However, their logo does appear in the FasTech Services, Inc. company website.
Twin City Controls was set up to fill a gap in Central Illinois. The only companies that were certified for this area were either from Chicago or out of state. We felt that businesses in this area needed a local provider for controls. We partnered up with Alerton to give us a strong company to help us serve this area. We brought in experienced employees that worked with various other control products so that we could be well rounded and experienced.
Phone: 309-829-0676 - Fax: 309-822-0649 - request@twincitycontrols.com
Some Completed Job Sites before the Merger:
Proof that these companies are real.
New Residence Hall- University of Illinois at Springfield $1,345,175
R.J. Power Plumbing & Heating Company- Heating & Temperature Control, Ventilation, Utilities
Renovation Project- Southern Illinois University School of Medicine $684,618
R.J. Power Plumbing & Heating Company- Ventilation
New Textbook Rental Facility- Eastern Illinois University $298,000
T.A. Brinkoetter & Sons- Heating
Ropp Building Laboratory Addition- Illinois State University $64,917
Associated Mechanical, Inc.- Heating, Plumbing
HVAC Energy Conservation Project- Southern Illinois University School of Medicine $598,652
R.J. Power Plumbing & Heating Company- Ventilation/HVAC
New Labs at the Health and Sciences Building- University of Illinois at Springfield $253,300
T.A. Brinkoetter & Sons- Plumbing, Heating & Temperature Control, Ventilation
Townhouses- University of Illinois at Springfield $436,460
R.J. Power Plumbing & Heating Company- Plumbing
Office Locations
Illinois Offices
Washington State Office Tennessee Office
13110 NE 177TH PL #255 2277-C Wilma Rudolph Blvd Suite 215
Woodinville, WA 98072 Clarksville, TN 37040
R.J. Power Plumbing & Heating Company, Inc. Springfield, Illinois Facility
SARS Corporation d/b/a FasTech Holdings, Inc.
Incorporated in the State of Nevada on July 2, 2009
2462 Washington Road
Washington, IL 61571
Phone: 309-427-5961
Fax: 309-427-5964
info@FASTECH-inc.com
Transfer Agent
Corporate Stock Transfer, Inc.
3200 Cherry Creek Dr. South Suite 430
Denver, CO 80209
Phone: 303-282-4800
Fax: 303-282-5800
http://www.corporatestock.com/contact/
Share Structure:
Outstanding Shares: 3,488,388,516 (May 11, 2010)
{C} 2,888,388,560 (March 31, 2010)
Authorized Shares: 4,500,000,000 as of March 26, 2010
FROM FASTECH WEBSITE: FREQUENTLY ASKED INVESTOR QUESTIONS:
http://www.fastech-inc.com/joomla15/index.php?option=com_content&view=article&id=4&Itemid=4
| Frequently Asked Questions |
| Q: Updated Questions Coming Soon... A:Coming Soon.... |
SEC FILINGS:
March 25, 2010
http://www.sec.gov/Archives/edgar/data/1070510/000130096410000013/form8k.htm
NOV 16, 2009
http://www.sec.gov/Archives/edgar/data/1070510/000130096409000161/form8-k.htm
OCT 2, 2009
http://www.sec.gov/Archives/edgar/data/1070510/000130096409000155/form8-k.htm
http://www.sec.gov/Archives/edgar/data/1070510/000130096409000155/exhibit10-6.htm
AUG 20, 2009
http://www.sec.gov/Archives/edgar/data/1070510/000130096409000126/form8k.htm
AUG 11, 2009
http://www.sec.gov/Archives/edgar/data/1070510/000130096409000108/pre14c.htm
SEPT 30, 2009
http://www.sec.gov/Archives/edgar/data/1070510/000130096409000099/pre14c.htm
SEPT 10, 2009
http://www.sec.gov/Archives/edgar/data/1070510/000130096409000089/pre14-c.htm
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