SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

January 28, 2015 08:30 ET

JD Field Services Announces Banner December in Gross Revenues

LAS VEGAS, NV--(Marketwired - Jan 28, 2015) - National Automation Services, Inc. ("NAS" or "Company") (OTCQB: NASV) a small, but rapidly growing oil and gas services company announced that it projects that its subsidiary, JD Field Services ("JD"), is presently experiencing phenomenal growth, despite the current environment in the oil and gas sector. December 2014 gross revenues are expected to be a robust $2.5 Million, compared with $1.6 Million during the same period in 2013, and we project that this increased activity has carried into January for the first quarter of 2015.

Management believes this significant increase is attributable to a number of factors, including: (i) market diversification, with over 30 active clients in the Wyoming, Utah and Colorado area's being served; (ii) the addition of new heavy hauling equipment in 2014 such as the two 275 ton cranes and specialty outfitted tractor trailers to accommodate the three rig moving crews servicing these clients; and (iii) the 15 year reputation JD has had with large and small producers as the preferred vendor of these services.

Jason Jensen, General Manager of JD and a Director of NAS, commented on the current and future outlook of the Company: "JD has not only survived the recent downturn in oil prices, but we are actually thriving. Many of the smaller producers we serve developed budgets to include oil prices at or below $50 per barrel. Having so many independent producers in our portfolio who have followed this strategy, even when oil was above $100, we are prepared to weather the storm of low crude prices. We also have a mixed bag of producers who do not target oil but primarily drill for natural gas ("NG"), who have not been affected by the recent downturn. A rough estimate of oil vs. natural gas production by the operators we serve is 60% NG and 40% oil mix."

Mr. Jensen added, "If oil prices remain low, we very well may see a flat line in growth of the oil producers in 2015, but we do not expect a decline in business, because our focused approach, much like the strategy employed by smaller producers, of budgeting for $50 oil per barrel. The larger producers, with excessive operating overhead, will likely decline, whereas, we have the flexibility to adjust to the market by reallocating assets to NG and to producers with lower overhead that can operate under a benchmark of $50 per barrel. We also recognize an opportunity in this environment to grow our operations organically by acquiring assets, employees and clients from competitors who are not faring as well as we are because of a lack of market diversification. Competitors who traditionally only serviced one to two large producers are suffering due to market concentration, and this environment further creates demand for our services, while enabling us to acquire the talent needed to give our clients the best possible service."

Jenson continued, "We are fortunate to be surrounded by ingenuity in a declining climate. One of JD's clients, an independent oil company just informed JD they are adding two new rigs while others have succumbed to rig stacking while waiting out the price downturn until prices improve. We see this as a time of opportunity, not despair, as the media may want others to believe. We have positioned NAS/JD to take advantage of organic growth opportunities that were non-existent a year ago, while keeping a close eye on acquisition opportunities that may arise during this declining period. We are seeing unprecedented opportunity to continue our growth by acquisition strategy. Backed by the financial strength of our investment banking partner, together with the operating prowess of JD field services, we are eminently positioned to make new acquisitions at significant discounts from much higher valuations just months ago."

Management is unable to explain why investors have not purchased the Company's stock at the current price/earnings ratio level, caused by the recent drop in the price of NAS common stock which has followed the recent trend in the oil and gas industry. Bob Chance, CEO for NAS has stated, "This is a clear case of the baby being thrown out with the bath water. The Company estimates that it is currently generating net income at an annual pace of about $3.9 Million. With only 4.5 Million shares outstanding, the Company estimates that net income may be $0.86 per share. At current price of NAS stock, we estimate that we are currently selling at a bit over 1X earnings in a sector that typically sells at a higher multiple of earnings." As we open new channels and move closer to our upcoming move to NYSE MKT, we believe that the greater investment community will hear our story and recognize what we believe to be our true value."

For further information about the Company please visit National Automation Services, read our SEC filings at NASV SEC Filings and subscribe to Email Alerts at Subscribe Today (bottom of the web-page) to receive company news and shareholder updates.

SAFE HARBOR AND INFORMATIONAL STATEMENT This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial conditions or results of operations; (iii): the Company's growth strategy and operating strategy; and (iv) the effects of global, national and local economic and market conditions. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", "project" and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the Company's reports filed with the SEC. The foregoing list of important factors is not complete and the Company does not undertake to update any forward-looking statements that it may make except as required by applicable law. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements referenced above. .

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