SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

March 24, 2014 09:30 ET

National Automation Services, Inc.: $4.7 Million Expansion Plans for JD Field Services

LAS VEGAS, NV--(Marketwired - Mar 24, 2014) - National Automation Services, Inc. ("NAS") (OTCQB: NASV) Announces update as a part of its Investor awareness program and reaffirming commitments to its shareholders.

The Company would like to announce that the Board of Directors has approved expansion plans for JD Field Services and will infuse $4.7 Million into the Company for the purchase of new equipment needed for the rising demand they are experiencing. NAS will seek capital using straight debt, equity, or a combination of both leveraging its investment banking relationships to assist in this expansion and will announce these events once completed. The use of proceeds will include the purchase of new trucks, cranes, 18 wheel tractor/trailers, and adding personnel for operations. The total investment is projected to increase yearly income by an additional $6 Million and net cash flows of $2.7 Million to the bottom line.

The relationship that has been developed between NAS and JD is very strong. Management of both companies share common visions and both are very excited about the opportunities that have been created by the merger of JD Field Services into NAS. We are also excited about future expansion through the purchase of new assets and target acquisitions JD is considering in the near future.

National Automation Services, Inc., headquartered in Nevada is a public holding Company. Visit www.NASV.biz for further information.

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.

Contact Information

  • Contact information
    National Automation Services, Inc.
    Email Contact