SOURCE: National Automation Services, Inc.

February 27, 2008 07:00 ET

National Automation Services, Inc. Announces Update to Investors for January and February

LAS VEGAS, NV--(Marketwire - February 27, 2008) - National Automation Services, Inc. (PINKSHEETS: NASV) (www.n-a-s-inc.com), a public holding company for regional automation control companies, today announced results toward its goal of becoming a fully reporting Company in 2008. The field work by the auditors began on Monday, February 18th and is expected to be completed by Friday the 29th. Once this work is completed, the auditors expect to have the results compiled and reports generated for fiscal years 2006 and 2007 which will be turned into the company by the end of March. Upon completion of the Audit, NAS will be filing its Form 10 SB to the NASD for review and approval to move onto the Electronic Bulletin Board as a fully reporting Company.

Mr. Bob Chance, CEO of NAS, stated, "We are very pleased with our progress of building NAS into a nationwide provider of automation and controls services. The audit is a very big part of this plan. A stronger stock helps the company and our investors in many ways, this is why the completion of the audit and moving onto the Bulletin Board is so important to us. Also, once NAS becomes a reporting company, investors will be better able to track our progress moving forward.

"We will also be able to offer the management of potential acquisitions a stronger stock as part of the compensation package for acquiring their company. This value will become more attractive as our stock strengthens. Each new acquisition adds tremendous shareholder value. We are currently in negotiations with several companies as potential acquisitions for 2008.

"Our progress in developing and growing the current operations with new and larger contracts being awarded has our current backlog of projects extending well into 2010. The synergies between two of our subsidiaries, ISS Controls and Intecon, have been extremely encouraging and very productive. The sharing of information, resources, and customer contacts has fostered new business which would not have been possible as stand alone companies.

"We are excited about our future as we add value to the company by executing our plan of building NAS into a $70-$100 Million Company within the next two years."

Changes were also announced by the Company to the Board of Directors. Mr. Fred Pettit who was acting Chairman of the Board resigned for health related reasons. Mr. Bill Strachen, a current Director serving on the board was nominated and appointed as Chairman of the Board at the last regular NAS Board Meeting held on Friday, February 8th.

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ABOUT NATIONAL AUTOMATION SERVICES, INC.

NAS is making a much BIGGER ONE out of SMALLER ONES

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 throughput 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, i.e. food, clothing, and shelter, and almost everything else of which we consume or come in contact with uses automation.

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, i.e. 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., privately owned, and local in nature, and totalling 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. Overall the automation industry in the U.S. alone tops the $400 billion mark each year which is 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 2007 and 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; ability to integrate acquired companies and technology; ability to retain key employees; 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.
    Bob Chance
    2053 Pabco
    Henderson, NV, 89011
    (702) 642-7720

    Investor Relations Contact:
    David Donlin
    The Cervelle Group
    238 N. Westmonte Drive
    Suite 210
    Altamonte Springs, FL 32714
    (407) 475 9859