SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

May 23, 2011 06:00 ET

National Automation Services, Inc. Announces a $2,237,000 Net Gain in First Quarter 2011

LAS VEGAS, NV--(Marketwire - May 23, 2011) - National Automation Services, Inc. ("NAS") (www.nasautomation.com) (OTCQB: NASV) (PINKSHEETS: NASV) announced today that first quarter 2011 financials posted with the SEC reflect a $2,237,000 net gain and income increased to $0.02 per share for the first quarter.

In recapping the events for the first quarter of 2011, the Company has completed settlement with Trafalgar Capital, noted in our March 28, 2011 press release and filed its financials for the quarter ended March 31, 2011. With the settlement, the Company noted the extraordinary gain.

Jeremy Briggs, Principal Financial Officer for National Automation, stated today, "We have had our challenges over the past two years and I am very pleased in the progress made to date. Our focus, with these challenges behind us, is to build on our business plan going forward and to continue increasing revenues and shareholder value."

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Join our NAS E-News Connection and our official NAS Facebook Fan Page for the most recent news. Management also encourages investors to read the Company's Annual 10-K filing as well as all required documents the Company files with the SEC. Such documents can be obtained on the SEC website at www.sec.gov or on the Company's website at www.NASAutomation.com.

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 ability to obtain the additional working capital which NAS needs; the ability to complete the move to the OTC.QB; the ability to locate suitable companies to acquire and then integrate such acquired companies, if any; the ability to retain key employees; the ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; 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. References herein to "NAS," "National Automation Services," "the Company," "we," "our" and similar words or phrases are references to National Automation Services, Inc., unless the context otherwise requires.

Contact Information

  • CONTACT INFORMATION

    National Automation Services, Inc.
    Marketing & Sales
    1-877-871-6400
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