SOURCE: National Automation Services, Inc.

November 01, 2007 09:00 ET

National Automation Services (NAS) Wholly Owned Subsidiary Awarded McCarren International Airport Contract

NAS' Wholly Owned Subsidiary, Intuitive Systems Solutions, Awarded Contract to Automate Baggage Handling System at McCarren International Airport; Company Values the Contract at $260,000.

LAS VEGAS, NV--(Marketwire - November 1, 2007) - National Automation Services, Inc. (PINKSHEETS: NASV) (www.n-a-s-inc.com), and its wholly owned subsidiary, Intuitive System Solutions, Inc. ("ISS") (www.isscontrols.com) are pleased to announce that they have been awarded a contract to automate McCarren International Airport's baggage handling system in Las Vegas. Gross revenues from the contract are projected to be $260,000, with net profit margins expected of 35%.

The project, which is named T-Point Expansion, will incorporate an extensive network of conveyor systems that ISS will automate using Rockwell's RSLogix Software. The Company will provide engineering services for tying the proposed expansion into existing conveyor systems. Once engineering is completed, ISS will perform installation of all key instrumentation and controls, perform testing of the system, and provide any needed support services to insure a successful initial launch and continuing operation of the system.

The T-Point Expansion, the first of many proposed expansions at McCarren International Airport, expands and automates the baggage handling systems for a major National Airline, increasing efficiency and accuracy.

Robert Chance, CEO of National Automation Services, Inc., in describing the contract, stated: "We have long handled various airport and airline automation projects as one of our specialties, and we believe that this will continue to be one of our largest industry segments in the future, as both NAS and ISS expand throughout the United States."

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ABOUT NATIONAL AUTOMATION SERVICES, INC.

National Automation Services, Inc. is a public holding company for specialized automation control companies located in the Southwestern United States. The Company presently owns 100% of the stock in Intuitive System Solutions Inc. ("ISS") of Las Vegas, Nevada. Since its formation in 2001, ISS has positioned itself as a leading system integrator and UL Certified panel facility. The Company has evolved to focus on two district lines of business. Each of these lines is linked to the foundation of the business -- integrated and automated systems controls.

The Company currently focuses on:

Industrial Automation and Control. ISS has an experienced staff of electrical and control engineers, as well as project managers, with over 80 years combined experience in industrial automation and controls. The Company's business is currently focused in Nevada, Arizona and Utah, but it intends to expand through internal growth and acquisitions into California, Texas and New Mexico and other western states during 2007 and 2008. From this segment of the business, ISS is projected to realize $4 million of gross revenues in 2007 and increase the gross revenues from this division to over $21 million in the next two years. As an example of the type of services provided by ISS in this division, a major national airline utilizes ISS extensively for automation projects at Las Vegas McCarren International Airport.

Automation Manufacturing. The Company is a certified Underwriters Laboratories Panel fabrication facility. This nationally recognized regulatory body provides ISS with significant marketplace credibility for custom control panel assembly and fabrication to its clients. From this segment of the business, ISS is projected to realize $1 million of gross revenues in 2007 and increase the gross revenues from this division to over $4 million in the next two years.

NAS projects achieving gross revenues in 2007 of $4,544,094, with a net pre-tax income of $1,781,688. Through an acquisition strategy that encompasses a minimum of one major acquisition per quarter, as well as through internal growth of ISS, due to its recently granted increase in licensing capacity to $2 million per project, the Company should increase gross revenues to $25,780,972 in 2008, with net pre-tax income of $16,190,755. With a total of 40 million shares outstanding the management of the Company projects earnings per share of $0.03 in 2007 and $0.27 in 2008.

FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the automation controls industry; the positioning of NAS in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether NAS can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.

Contact Information

  • CONTACT INFORMATION

    National Automation Services, Inc.
    Bob Chance
    2053 Pabco
    Henderson, NV, 89011
    (702) 642-7720

    Investor Relations Contact:
    David Donlin
    The Cervelle Group
    238 N. Westmonte Drive
    Suite 210
    Altamonte Springs, FL 32714
    (407) 475 9859