SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

April 08, 2011 11:14 ET

National Automation Services, Inc. Enters Into Letter of Intent With Versant Funding LLC

LAS VEGAS, NV--(Marketwire - Apr 8, 2011) - National Automation Services, Inc. ("NAS") ( (OTCQB: NASV) (PINKSHEETS: NASV) today announced that they have entered into a Letter of Intent with Versant Funding LLC.

Under the terms of the Letter of Intent with Versant, NAS will be able to fund its working capital requirements through the sale of its outstanding accounts receivable invoices to Versant. NAS intends to use the funding proceeds to execute and perform on contracts with existing and new clients.

Jeremy Briggs, Principal Financial Officer of National Automation Services Inc., stated, "This source of funding will increase our capabilities to meet the Company's operating requirements and growth objectives."

About Versant Funding: Versant Funding provides liquidity solutions to companies in need of immediate working capital. Combining years of financing experience through a team committed to providing hands-on, responsive service and complete transparency, Versant Funding provides working capital financing through the sale of a company's accounts receivable invoices.

Stay Connected: 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 Form 10 as well as all required documents the Company files with the SEC. Such documents can be obtained on the SEC website at or on the Company's website at

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, 2 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.

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