I am running the Beta 02.06.12 but I did not think there was a fix in this area. I run with Eastern Std Time selected, Daylight Saving checked and NTP selected. When I unplug EZSrve and restore power it comes up with the correct time for the specified time zone adjusted for daylight savings.
After setting the Time Zone you want and the NTP option, click on SET TIMEZONE button. Otherwise the changes are not permanent.