SOURCE: National Automation Services, Inc.

November 01, 2011 11:21 ET

National Automation Services, Inc. Announces Signed LOI for New Acquisition

LAS VEGAS, NV--(Marketwire - Nov 1, 2011) - National Automation Services, Inc. ("NAS" or the "Company") (OTCQB: NASV) (PINKSHEETS: NASV) (www.nasautomation.com) today announced that they have entered into a Letter of Intent to purchase the first of many new acquisitions which are planned over the next 18 months.

The undisclosed Cincinnati, Ohio based systems integration and controls company (until final documents are signed upon completion of due diligence and Audit within 120 days) agreed to be purchased for a total of $2.25 million. This acquisition will add $3.5 to 4 million to gross revenue and approximately $500,000.00 in net profits to NAS.

NAS is actively seeking and currently in discussions with several new acquisition targets and expects to have additional companies throughout the U.S. added to the portfolio of NAS over the next few months, adding an estimated projected $15 to $20 million to the gross revenues of the Company.

About National Automation Services, Inc.:

National Automation Services, Inc., headquartered in Nevada with wholly owned subsidiaries in Arizona and Nevada, designs, manufactures, and programs Automation and Control Systems. View our technical skills, project history, and key personnel 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 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 Manager
    PO Box 531744
    Henderson, NV 89053
    Phone: 877-871-6400
    Email Contact