Servidyne Agrees to Be Acquired by Scientific Conservation for $3.50/Share in Cash

SERVIDYNE, INC. SERV today announced that it has entered into an agreement to be acquired by Scientific Conservation Inc. for $3.50 per share in an all-cash transaction. The acquisition is subject to Servidyne, Inc. shareholder approvals and other customary closing conditions, and is currently expected to be completed in Servidyne's second fiscal quarter ending October 31, 2011. Following the sale, Servidyne will no longer be a publicly-traded company, and its shares will cease to be traded on the NASDAQ Global Market. “We are pleased that this agreement recognizes the value of Servidyne's expertise, relationships, technologies and solutions, while providing our stockholders with an attractive cash premium for their investment,” said Alan R. Abrams, Chairman and CEO of Servidyne.