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| | | SARS Corp. Engages Flextronics to Build Its LPG Tank Monitoring System
| $30 Billion OEM Provider to Help SARS Meet Increased Sales by Speeding Manufacturing Process |
FOR IMMEDIATE RELEASE
PRLog (Press Release) –
Apr 22, 2008 – SARS Corp. (OTCBB:SARO) (“SARS”), who due to an uptrend in orders, increased its 2008 sales projections by 15% last week, today announced their agreement to retain international OEM provider Flextronics, which will help speed manufacturing and delivery of the UtilityEye™ hardware, part of SARS’ proprietary solution which remotely monitors propane and butane gas tank levels via satellite.
“Previously we were managing the manufacturing process internally with 14 different suppliers,” said Clayton Shelver, CEO of SARS. “Flextronics’ network of facilities in 30 countries on four continents, combined with our in-house expertise, will help accelerate SARS’ expansion by more efficiently meeting aggressive delivery times for the increasing numbers of energy companies worldwide that are purchasing our UtilityEye system.”
“By leveraging the Flextronics network for manufacturing, we’ll cut costs by not having to bring on additional staff, and we can concentrate on our core technologies of telemetrics software and service management,” Shelver added.
About SARS Corp.
Utilizing a network of satellite, cellular and VHF 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.
To be added to SARS Corporation’s e-mail distribution list, please click on the link:
http://www.b2i.us/irpass.asp?BzID=1598&to=ea&Nav=0&S=202&L=1
About Flextronics
Headquartered in Singapore (Singapore Reg. No. 199002645H), Flextronics is a leading Electronics Manufacturing Services (EMS) provider focused on delivering complete design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile OEMs. With the acquisition of Solectron, pro forma fiscal year 2007 revenues from continuing operations are more than US$30.0 billion. Flextronics helps customers design, build, ship, and service electronics products through a network of facilities in 30 countries on four continents. This global presence provides design and engineering solutions that are combined with core electronics manufacturing and logistics services, and vertically integrated with components technologies, to optimize customer operations by lowering costs and reducing time to market. For more information, please visit http://www.flextronics.com.
Safe Harbor Statement
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.
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 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.
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