SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

March 07, 2012 07:00 ET

National Automation Services, Inc. Announces Second Acquisition

LAS VEGAS, NV--(Marketwire - Mar 7, 2012) - National Automation Services, Inc. ("NAS") ( (OTCQB: NASV) (PINKSHEETS: NASV) today announced that they have entered into a Letter of Intent (LOI) to purchase its second of several acquisitions planned over the next 18 months.

The San Diego, California based Company signed an LOI to be purchased for a total of $6MM. This acquisition is estimated to add approximately $2MM in EBITDA to NAS's overall annual earnings.

NAS is in final stages of due diligence and preparing definitive purchase and sale documentation for the Cincinnati, Ohio based Company that agreed to be purchased for $2.25MM. We expect both companies to close concurrently in the 2nd quarter.

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 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
    (877) 871-6400