SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

July 06, 2011 13:05 ET

National Automation Services, Inc. Announces UCC's Cleared! Company Completes First Funding

LAS VEGAS, NV--(Marketwire - Jul 6, 2011) - National Automation Services, Inc. ("NAS") (www.nasautomation.com) (OTCQB: NASV) (PINKSHEETS: NASV) today announced that they have cleared all liens and encumbrances on the assets of NAS and have fully completed their first loan drawdown with Versant Funding LLC ("Versant").

Under the terms of the agreement with Versant, NAS will continue to fund projects going forward in support of its working capital requirements to execute on contracts with its clients. NAS can actively access various types of funding as a result of the settlement with Trafalgar and the full release of all related UCC encumbrances. Debt and mezzanine financing are now vigorously being pursued by the Company to support it acquisition objectives and process.

The Company is also working on two new acquisitions that should be announced shortly supporting the core of the Business Plan going forward.

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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
    Email Contact