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SERVIDYNE HIRES KEY SALES AND MARKETING EXECUTIVEBack to News ReleasesATLANTA, Georgia, April 24, 2008 – SERVIDYNE, INC. (NASDAQ – SERV), a building performance expert services and real estate company, today announced the appointment of Mr. George Plattenburg to the position of Senior Vice President of Sales and Marketing at the Company’s Building Performance Experts (BPE) segment. Mr. Plattenburg joins the executive leadership team at the Company’s core operating subsidiary, Servidyne Systems LLC, a provider of energy, infrastructure and productivity management solutions. "As rising energy costs and the realities of global warming increasingly impact business strategies worldwide, demand for energy efficient, sustainable solutions is soaring. So it is essential that Servidyne has strong sales and marketing leadership to ensure the market understands how our products and services enable our customers to materially cut their energy costs and reduce their carbon footprints," commented Alan R. Abrams, Servidyne’s Chairman, President and CEO. "George will lead our efforts to drive revenue growth, build brand awareness and expand our customer base – all of which will lead to increased value for our shareholders." Mr. Plattenburg brings more than 20 years of experience in energy efficiency and sustainability. Most recently, he was Vice President of Marketing and Sales Support at Continental Broadband, a Landmark Communications company, where he was involved with the acquisition and integration of data center businesses around the country. Previously, he served as Vice President of Operations at Prenova, an energy services firm, and prior to that was a leader of sales and strategy at Duke Solutions, Duke Energy’s retail services company. Mr. Plattenburg holds a bachelors degree in Mechanical Engineering from Duke University and an MBA from Washington University in St. Louis. "I am delighted to be joining Servidyne," said Mr. Plattenburg. "The Company enjoys an outstanding reputation and is uniquely positioned to meet the ever growing demand for energy efficiency and economically sound sustainable solutions." As a material inducement for him to join the Company, yesterday Mr. Plattenburg was granted 50,000 Stock Appreciation Rights (SARs) with an exercise price of $5.25 per share, yesterday’s closing price. These SARs were not issued under Servidyne’s 2000 Stock Award Plan, but contain the same 5-year vesting provisions as the SARs awarded to certain other executives under that Plan. Established in 1925 and operating nationwide and internationally, Servidyne provides comprehensive energy, infrastructure and productivity management solutions to building owners and operators, and engages in commercial real estate investment and development. The Company’s building performance products and services enable customers to optimize the short-term and long-term financial performance of their building portfolios, while reducing their carbon footprints and improving the comfort and satisfaction of their buildings’ occupants. These offerings include comprehensive sustainability programs, energy engineering and energy management analytical consulting services, turnkey implementation of energy savings and other infrastructure upgrade and retrofit projects, and fully-installed, proprietary Web / wireless preventive maintenance and service request systems with integrated utility and maintenance reporting. The Company also owns or controls shopping centers in the Midwest and Southeast and office properties in metropolitan Atlanta, Georgia. 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. Servidyne, Inc. does not undertake to update these forward-looking statements. |
