SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

July 08, 2014 09:00 ET

National Automation Services, Inc. Announces Second Domestic Oil and Gas Acquisition Signed

LAS VEGAS, NV--(Marketwired - Jul 8, 2014) - National Automation Services, Inc. ("NAS") (OTCQB: NASV) announces today that a Purchase and Sale Agreement has been signed with Devoe Contracting an Oil & Gas Services provider located in the Denver Basin of Colorado.

Devoe provides construction services to the oil and gas industry, installing necessary piping, tanks, pumps, automation equipment, as well as other services, etc. and is headquartered near Denver, Colorado. In 2013 they generated $15 Million in total sales with net revenues of $2.2 Million, and employ over 100 employees. The contracting business is long established. Founded in 1969, Devoe focused on quality of service for all the years of operations and thus has an excellent reputation in the industry. The employees and name are widely respected in the field with a top notch management and office team that will continue on with NAS after the purchase. The Company was just awarded the Prestigious Mercury top 100 fastest growing private companies in Colorado.

According to an article published recently by the Denver Post, more than $1 billion is being spent on plants, pipelines and rail terminals to process and ship the oil extracted from the Niobara Shale formation in Colorado. In November, 2013 there were 50 rigs running in the Denver-Julesburg Basin, a 50% increase in rigs over the previous 22 months. Almost 1,000 drilling permits were issued in the basin by Colorado authorities in 2013 and there were another 250 permits pending approval.

Shaun Devoe, Owner of Devoe Construction, was quoted saying, "We are excited to be a part of the NAS Team and able to enjoy the benefits of being with a larger group like NAS, while still maintaining the service, employees, and culture that has made Devoe what it is today. The synergies created within the NAS family, and in particular the services we can now bring to Colorado through JD Field Services, will enhance growth in both Companies by the offerings now available to us and our Customers!"

NAS's goal is to add diversity in products and services to current and future clients through the acquisition plan as they develop. The Company has additional targets in various stages of negotiations which will be announced in the near future.

Further information about JD Field Services is found on our website at For more information about National Automation Services, please visit our website at

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. Revenue and earnings reported here are "un-audited" and will not be confirmed until The Company completes a two year historical audit. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

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