Funded by the American Recovery and Reinvestment Act, the project is expected to save Cobb County’s taxpayers at least $300,000 a year in avoided utility costs

ATLANTA – March 3, 2011 – SERVIDYNE, INC. (Nasdaq: SERV), an energy efficiency and demand response company, today announced that it has started work on an approximately $1.3 million energy efficiency project for Cobb County, Georgia. Upon completion, it is estimated that the project, which is being funded by the American Recovery and Reinvestment Act of 2009 (ARRA) through the Energy Efficiency and Conservation Block Grant Program, will save Cobb County’s taxpayers at least $300,000 a year in avoided utility costs.

The Company has commenced auditing the county’s facilities in order to identify and prioritize the available energy savings opportunities, and expects to complete its project work over the next 6 months. Servidyne was selected by Cobb County and awarded the contract after a highly competitive public procurement process, based on the Company’s energy efficiency expertise, project management skills and proven successful track record.

“As a company headquartered in Cobb County, we are particularly pleased and honored to have this opportunity to help our home county cut spending,” noted Alan R. Abrams, Servidyne’s Chairman and Chief Executive Officer. “Each year we perform energy-savings projects for customers located throughout the U.S., and it is particularly gratifying to be able to work right here in our own back yard.”

Servidyne believes it is well positioned to perform successful government projects. One of the attributes that sets the Company apart is its familiarity and expertise in meeting the intricate terms and conditions of ARRA-backed projects. In October 2010, Servidyne started work on an approximately $5.8 million retro-commissioning project for the Georgia Department of Corrections, under a contract with the Georgia Environmental Finance Authority, which is also backed by ARRA funding.

“Energy-savings programs like this are true win-win opportunities,” added Todd Jarvis, Servidyne’s President and Chief Operating Officer. “They create green jobs, reduce energy consumption, lower greenhouse gas emissions, and ultimately contribute to governmental efforts to cut budget deficits by eliminating unnecessary spending. This project will pay for itself quickly, but the benefits and annual savings for Cobb County will be sustainable for many years to come.”

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 and demand response solutions, sustainability programs, and other products and services that significantly enhance the operating and financial performance of existing buildings. Servidyne enables its 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 owners and operators of corporate, commercial office, hospitality, gaming, retail, light industrial, distribution, healthcare, government, multi-family and education facilities, as well as energy services companies and public and investor-owned utilities. For more information, 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 estimate of the annual savings of $300,000 in avoided utility costs expected as a result of the project; the Company’s timing estimates for completing its work under the contract; the Company’s understanding that it was selected to perform the work based on the its energy efficiency expertise, project management skills and proven successful track record; the Company’s belief that it is well positioned to perform successful government projects; and the Company’s belief that the project will pay for itself quickly, but the resulting benefits and annual savings for Cobb County will be sustainable for many years to come. 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, 2010, 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.