SOURCE: National Automation Services, Inc.

December 16, 2008 09:10 ET

National Automation Services, Inc. Announces SEC Filing to Become Fully Reporting

LAS VEGAS, NV--(Marketwire - December 16, 2008) - National Automation Services, Inc. (www.n-a-s-inc.com) (PINKSHEETS: NASV) today announced that the S-1 application to the SEC target submission date is Thursday, December 18th.

After months of preparation, it is now in concurring review by Auditors/Management and will be released by Wednesday for this coming Thursday's filing.

The team has worked diligently throughout the year to complete 3 years of Audits on 3 companies, which created many challenges for the Company including changing processes and procedures normally acceptable for private firms. Filing a document such as the S-1 to the SEC has to be concise and exact.

All exhibits have been submitted to EDGAR (Electronic Data Gathering, Analysis Reporting) and we are currently awaiting Managements' and Auditors' final review and approval of the application to be submitted and released to the SEC. Going forward, the Company will be fully reporting once approved by the SEC at which time an application will be submitted to the NASD Electronic Bulletin Board hopefully by the end of January.

In additional news, the Company will be posting a new Website and Web Address in January. The new address will be www.NASAutomation.com and will contain many new enhancements. Leah Vigil, Marketing Manager of NAS states: "To reflect the growth and successes of National Automation Services, Inc., the NAS website is currently undergoing a complete corporate identity revision and restructuring. The site will be managed on a day-to-day basis, to ensure that the public is not only receiving current company news, but can take full advantage of learning more about NAS.

"Our customers will have access to project summaries and detailed case studies, our prospect acquisitions can view our expansion strategy and current status, and lastly the site will provide current and future investors the opportunity to be informed with every aspect of NAS.

"Along with our efforts to better inform the public, NAS will also be enhancing the E-Mail Alerts to become NAS E-News Connection. This new format will not only notify the recipient of current press releases, but announce new website highlights that will directly link to the site for further reading.

"With this new undertaking, it will be critical to receive feedback from our NAS supporters so we can continue to enhance the site and improve upon this ongoing project. The new site is just scratching the surface to much bigger things to come from NAS."

Stay up-to-date with current events by joining National Automation Services' E-Mail Alert List. Join by clicking the following link: http://www.n-a-s-inc.com/investor_relations.html or by contacting Leah Vigil, NAS Marketing Manager: Email lvigil@n-a-s-inc.com - Phone: 702-642-7720.

ABOUT NATIONAL AUTOMATION SERVICES, INC.

From Hand Production to Automation

Before the Industrial Revolution, virtually all goods were made by hand. With the Industrial boom of the 1900s, the automation and controls industry was born to improve the quality and reduce the costs of tedious, repetitive tasks in the industrial plants.

Immediately after World War II, computers were born, almost entirely for scientific purposes. By the early 60s, computers began to make their way rapidly into process control and production. Automated assembly lines took on more and more tasks, allowing for an increasing number of automated processes and adjustments. By eliminating tedious tasks usually performed by hand, the owners of a plant realized higher quality and more output which improved not only quality but competitiveness as well.

Today's Markets

Automation touches our lives without notice, from the food we eat, to the clothes we wear, to the building materials we use; and almost anything else we consume or come in contact with.

Accordingly, the markets of National Automation Services, Inc. are vast. They include waste/water treatment, airport security systems, bottling plants, power plants, metals, mining, breweries, food processing, tire making, textiles, plastics, and virtually all production activities.

Although there are a handful of very large automation and controls companies, the industry is highly fragmented with about 286 companies of modest size in the U.S. These companies are privately owned, local in nature, and total approximately $32 billion in annual gross sales.

A handful of larger automation companies dominate the market as they offer national, as well as worldwide, support for the Corporate and Government clients they serve. In total the automation industry in the U.S. exceeds the $400 billion mark each year, largely serviced by this handful of firms.

Where We Are Going

NAS intends to build a nationwide company through acquisitions and internal growth in this fragmented market. We believe that our growing company will retain healthy margins and produce attractive increases in earnings per share during the period of this Plan. Our estimate is that we will immediately produce cost savings of 12-15% on each acquisition, thereby driving consolidated EBITDA and earnings per share. Furthermore, NAS, by utilizing the expertise of the group, the sharing of national contracts, and proven revenue enhancement techniques, has the goal of doubling the gross sales of each acquisition in the first 12 months of the date of each acquisition.

The Company currently focuses on:

Industrial Automation and Control. NAS has an experienced staff of electrical and control engineers, as well as project managers, with 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 throughout the U.S. during 2008.

Automation Manufacturing. The Company is a certified Underwriters Laboratories Panel fabrication facility. This nationally recognized regulatory body provides NAS with significant marketplace credibility for custom control panel assembly and fabrication to its clients.

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, the ability to integrate acquired companies and technology, the ability to retain key employees, the 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.
    Leah Vigil
    Marketing Manager
    2053 Pabco
    Henderson, NV, 89011
    (702) 642-7720