Business Services Industry
SARS Corp. Initiates Vessel Monitoring System Trial with a Government Ministry
Business Wire, Nov 15, 2007
VMS Aims to Enhance Safety, Security and Efficiency of Global Fishing Industry
SEATTLE -- SARS Corp. (OTCBB:SARO) ("SARS"), a leading provider of remote asset management and telematics solutions, today announced that the fisheries division of a non-U.S. government ministry will begin a two-month trial of its Vessel Monitoring System ("VMS").
"This is a great opportunity for us to again demonstrate the capabilities of our vessel monitoring application for both the fishing industry and a government agency," said Clayton Shelver, CEO of SARS. "Not only could this constitute a significant addition to our marine asset base, it promotes our goal of enhancing the safety, security and efficiency of seafarers around the world."
The SARS VMS is designed to increase the safety of fishing crews by tracking and monitoring small fishing boats and issuing alarms in the event of an emergency. The custom application provides real-time intelligence about the location and status of vessels. It also includes panic alarms that immediately register an emergency for a rapid search and rescue.
SARS' communication-independent and hardware-agnostic solutions combine widely disparate monitoring systems and methods into a single platform that streamlines information and delivers it via a simple, Web-based interface. SARS has alliances with numerous equipment manufacturers worldwide and its solutions are compatible with virtually all embedded devices. Custom-developed portable tracking units, integrated with the SkyWave IsatM2M service and DMR-800D satellite terminal from SkyWave Mobile Communications, are part of the SARS VMS solution.
About SARS Corp.
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 Intelitrax 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 or join the SARS Corporation e-mail distribution list.
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.
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