SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

January 21, 2015 08:30 ET

JD Field Services Announces Purchase of New $2 Million Crane

LAS VEGAS, NV--(Marketwired - Jan 21, 2015) - National Automation Services, Inc. ("NAS") (OTCQB: NASV) a small, but rapidly growing oil and gas services company reported that its subsidiary JD Field Services continues to see significant opportunities for its services and believes the general slowing of the Oil and Gas exploration and drilling activity caused by the unprecedented drop in recent oil prices is providing robust demand in its field services. 

To better align itself with these opportunities, the Company recently purchased a new 275 Ton Crane to address this current customer demand. The funding of the crane was completed using cash and conventional equipment financing over 60 months.

Unlike other Oil and Gas Contractors, JD is uniquely positioned to optimize the opportunities created by customers wishing to remove rigs from use until they can be more fully utilized. While enjoying this increase of work, JD is able to grow its service to existing customer's operational demands. This has had a positive effect in near term sales while positioning itself to provide the additional services to new customers or more fully service the industry.

In a statement by our Independent Director, Sean Sego added, "This ultimately demonstrates just how dynamic the growth in sales are for JD currently and how committed JD is to providing the highest quality equipment, service, and safety for its customers at a time when customers need this most. The Crane cost approximately $2 Million and should add an approximate half a Million dollars to the bottom line annually. This reinvestment in CAPEx, further demonstrates to the market, investors, and shareholders that JD is fully committed to becoming the 'go-to-contractor' for quality rig moving. According to the U.S. Energy Information Administration, the domestic rig count by State comparison from a year ago this week, Colorado was 61 and today they are operating 65, Wyoming was 53 and currently operating 51, and Utah ran 26 rigs and today there are 18 operational. By the end of 2015, if prices were to remain at current levels under $50 a barrel, rig counts could decrease by 20% overall from 2014 totals. JD sees this as opportunity to transport more Rigs and gain market share with the new crane helping in a large way."

For further information about National Automation Services, Inc., 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 declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," 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 registration statement and reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

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