ATLANTA – MARCH 17, 2009 – SERVIDYNE, INC. (NASDAQ – SERV), a building performance efficiency and real estate company, reported that its Form 10-Q quarterly report, to be filed today with the Securities and Exchange Commission, reflects a net loss from continuing operations of $491,362, or $.13 per share, for the third fiscal quarter ended January 31, 2009, compared to a net loss from continuing operations of $707,281, or $.19 per share, for the same period last year. The Company also announced that the Board of Directors declared a cash dividend in the amount of $.02 per share, the Company’s 119th consecutive quarterly dividend, payable on April 16, 2009, to shareholders of record on March 31, 2009.

“The historic slowdown in the overall economy and stress in worldwide capital markets certainly impacted our third quarter results, although customer order activity and backlog increased substantially,” said Alan R. Abrams, Chairman of the Board, President and Chief Executive Officer.  “The Board of Directors made the decision to reduce our dividend as part of a strategic action to preserve capital and protect the strength of our balance sheet, in order to fund revenue growth and enhance our financial flexibility as we manage through these difficult times. Although our cash position stabilized in the quarter and we have no unsecured bank debt, the Board believes this is a prudent step to take at this time.”

“There is an unprecedented focus on energy efficiency during this period of worldwide economic malaise, and demand for our cost-saving building performance efficiency (“BPE”) services and products has increased dramatically in recent months,” noted Mr. Abrams. “While BPE revenues grew modestly in the third quarter compared to last year, BPE backlog increased by 62% in the quarter and is 79% above last year’s comparable quarterly amount. Despite the ongoing economic recession, we expect that BPE revenues will grow significantly in the next few quarters, in part because of how well positioned we are to benefit materially from the federal government’s multi-billion dollar commitment to improve the energy efficiency of federal, state and local governments’ buildings and facilities. At the same time, we will continue to look for ways to reduce our operating expenses and capitalize on opportunities to carefully grow our business under these extraordinary economic conditions.”

Additionally, the Company announced that the Board of Directors has reauthorized the repurchase of up to 100,000 shares of the Company’s Common Stock during the twelve-month period beginning March 6, 2009, and ending March 5, 2010.  Any such purchases, if made, could be in the open market at prevailing prices or in privately negotiated transactions.

About Servidyne

Established in 1925, Servidyne, Inc. is headquartered in Atlanta, Georgia, and operates globally through its wholly–owned subsidiaries. The Company provides comprehensive energy efficiency solutions, sustainability programs, and other services and products that significantly enhance the operating and financial performance of existing buildings. Servidyne enables customers to cut energy consumption and realize immediate cost savings across their portfolios, while reducing greenhouse gas emissions and improving the comfort and satisfaction of their buildings’ occupants. The Company serves a broad range of markets in the United States and internationally, including corporate, commercial office, hospitality, gaming, retail, industrial, distribution, healthcare, government, multi-family and education. Servidyne also engages in commercial real estate investment and development. The Company currently owns or controls shopping centers in the Southeast and Midwest and office properties in metropolitan Atlanta. For more information about Servidyne, please visit www.servidyne.com or call 770-953-0304.

Certain statements contained or incorporated by reference in this press release, including without limitation, statements containing the words “believe,” “anticipate,” “estimate,” “expect,” “plan,” “project,” “forecast,” “should,” and words of similar import, are forward-looking statements within the meaning of the federal securities laws. Forward-looking statements in this release include statements regarding the following matters: the Company’s expectations of delivering demand response results as early as this summer; the Company’s anticipation of entering into new contracts with customers served by utilities in California; and the Company’s expectation that its successful demand response efforts last summer will lead to additional new business later this year. Forward-looking statements involve known and unknown risks, uncertainties and other matters which may cause the actual results, performance, or achievements of Servidyne, Inc. to be materially different from any future results, performance, or uncertainties expressed or implied by such forward-looking statements. Factors affecting forward-looking statements in this release include, without limitation, the factors identified under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended April 30, 2009, as updated from time to time in the Company’s Quarterly Reports on Form 10-Q. Servidyne, Inc. does not undertake to update these forward-looking statements.