ATLANTA, April 24 /PRNewswire-FirstCall/ -- 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.
SOURCE Servidyne, Inc.
Pam Hoddinott, Director of Marketing, +1-770-818-2378,
pam.hoddinott@servidyne.com
