(1888PressRelease)
April 23, 2008 - SARS Corp. (OTCBB: SARO) (“SARS”), whose SARS Tracpoint® solution provides real-time tracking information for Ireland-based manufacturer Quinn Group’s trucks, trailers and heavy equipment assets across Europe, is completing testing and implementation of a new enhanced platform for its proprietary satellite monitoring service which will interface with each vehicle’s onboard computer.
In addition to currently provided data such as position, speed, direction of travel, and distance travelled, SARS’ enhancements to the SARS Tracpoint online platform will also integrate real-time diagnostic data including fuel level, fuel consumption, oil and water level and temperature, harsh acceleration and braking, and critical mechanical alerts.
“This enhanced flow of information should allow us better driver profiling, more accurately targeted preventative maintenance programs, and lower-cost vehicle operation,” said Quinn Group Transport Manager John McNally.
“Since 2004, the SARS Tracpoint solution has enabled Quinn Group to strengthen their customer relationships by allowing them to communicate the progress of their orders, reducing their vehicle downtime by improving turnaround times from their loading sites and collating data on driver working time, so they may properly comply with local regulations,” said Clayton Shelver, CEO of SARS Corp.
Shelver also believes the SARS Tracpoint technology enhancements can be leveraged by other business segments, such as the insurance industry. “For instance, Quinn Insurance, now has a significant portion of the UK and Ireland vehicle insurance market and has just expanded to offer services in Germany, Holland and Belgium. Through the installation of our enhanced monitoring units on policyholders’ private vehicles, a pay-as-you-drive insurance plan can be offered based on actual driving patterns and mileage. This can mean lower insurance costs for drivers directly related to how much, where, and when they use their vehicles.”
“We’ve continued to find new ways to extend our use of SARS Tracpoint,” Quinn Group’s McNally added. “From monitoring the start/finish times and engine running hours of the heavy equipment that operate in our quarries to better managing our fleet of trailers via the Axxon MMT self-powered asset tracker, to improving overall security of our remote assets. We can’t wait to be the first to benefit from the new functionality of the SARS Tracpoint solution.”
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 the 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 SARS Tracpoint®
SARS Tracpoint® is SARS Corp’s proprietary solution which uses General Packet Radio Service (GPRS) technology to track and monitor the movement and location of vehicles. With SARS Tracpoint, fleet managers receive automated email reports including data such as engine idle time, distance traveled, number of stops, hours worked and fleet utilization.
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.
Contacts
Investors Only:
Capital Group Communications, Inc.,
Jeff Jordan, Sr. Investor Relations
Mark Bernhard, Corporate Communications
415-332-7200
SARS ( @ ) capitalgc dot com
