SERVIDYNE REPORTS FIRST QUARTER RESULTS

ATLANTA – SEPTEMBER 15, 2008 – SERVIDYNE, INC. (NASDAQ – SERV), a building performance efficiency and real estate company, today announced that its SEC Form 10Q quarterly report, filed today, reflects a net loss of $847,411, or $.23 per share, for the first fiscal quarter ended July 31, 2008, compared to net earnings of $1,558,404, or $.42 per share, for the same period last year.  The prior year results included one-time revenues from continuing operations of approximately $1,553,000 and earnings of approximately $1.4 million, or $.34 per share, as the result of a real estate property sale, whereas there were no real estate sales in the current quarter.

“I am certainly disappointed by the first quarter results, as we were adversely impacted by customer delays of planned energy savings projects, as well as by the general weakness of the overall economy,” said Alan R. Abrams, Chairman, President and CEO.  “Nevertheless, I am encouraged by recent order activity, and I remain optimistic because our sales pipeline is solid and growing, as our customers are continuing to try to address their rapidly rising energy costs. I am pleased that our building productivity software revenues continued to grow and our energy management consulting revenues remained solid in the quarter, and I am encouraged by the initial lighting product revenues that are the result of the business acquisition we completed in June.

“In the quarter, we generated the initial energy savings project revenues from program initiatives for two new customers that we believe offer the potential for several million dollars in energy savings project revenues over the next four to eight fiscal quarters. In the last month, we started work on several previously-delayed energy savings projects, and we expect to enter into a new contract for a multi-million dollar energy savings project in the next several weeks, based on a verbal customer commitment. I am quite optimistic about these potential contracts and revenues, which remain subject to customer approval and finalization of the agreements.

“I take great comfort in the strength of our balance sheet, which is enabling us to ride out these trying economic times.”

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 products and services 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 in this news release are forward-looking statements within the meaning of federal securities laws.  Such forward-looking statements involve known and unknown risks, uncertainties and other matters, including the risks and uncertainties set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K, which may cause the actual results, performance or achievement of Servidyne, Inc. to be materially different from any past or future results, performance, or uncertainties expressed or implied by such forward-looking statements.  Forward-looking statements in this press release include without limitation the Company’s expectations regarding future energy savings projects and associated revenues that are not currently subject to contracts.  Such projects and revenues are subject to the risks, among others, that specific authorization by the customers to proceed with the project may not develop, that the customer may postpone the project, whether due to general economic factors or other factors, and that final contract documentation may not be completed.  Servidyne, Inc. does not undertake to update these forward-looking statements.