Servidyne Expects Higher 3rd Quarter Backlog

ATLANTA--(BUSINESS WIRE)--

SERVIDYNE, INC. SERV, an energy efficiency, demand response and real estate company, announced today that it expects its fiscal third quarter results, which the Company will report later this month, will reflect an order backlog at its core Building Performance Efficiency (“BPE”) Segment that exceeded $8.6 million as of January 31, 2010, an increase of more than 22% from the backlog at October 31, 2009, the end of the Company’s second quarter. Beginning in September 2009, new order bookings increased in each successive month through January 2010, as the BPE Segment received approximately $5 million in new orders from customers in both the private sector and the government sector during the third quarter ended January 31, 2010.

“We are receiving positive returns on the investment in sales and marketing that we initiated last fiscal year, which should benefit our operating results over the next few reporting periods,” said Alan R. Abrams, Servidyne’s Chairman, President and CEO. “There is an overall increase in capital spending by a number of our customers, and we are beginning to see positive impacts from the long-anticipated growth in federal expenditures for energy efficiency upgrades of government facilities. These factors have contributed to the growth in our third quarter backlog, which we anticipate will be notably above the levels we reported in recent quarters, but less than last year’s comparable amount. Order activity remained strong in February, the first month of our fourth quarter, and I expect that these improving trends will continue for the rest of the current quarter and into next fiscal year.”

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 private utilities. Servidyne also owns commercial income-producing properties in the Southeast. 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 expectations of continuing improvement in BPE order activity for the current quarter and into the next fiscal year; the Company’s belief that a number of its customers are increasing capital spending; the Company’s ongoing receipt of positive returns from its prior investments in sales and marketing; and the Company’s expectation that it will continue to benefit from the growth in federal expenditures for energy efficiency upgrades of government facilities. 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 Company’s ability to secure adequate capital to fund the future anticipated revenue growth at the BPE Segment and the other factors identified under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended April 30, 2009, 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.