SOURCE: National Automation Services, Inc.

National Automation Services, Inc.

September 11, 2013 06:30 ET

National Automation Services, Inc.: Updates Investors on New Business Plan

LAS VEGAS, NV--(Marketwired - Sep 11, 2013) - National Automation Services, Inc. ("NAS") (OTCQB: NASV) - With the backing of a major Wall Street Investment Firm with a substantial commitment in debt and equity financing, NAS is ready to unfold the overall strategy and Business Plan to the Public.

NAS owes sincere gratitude to its existing shareholders who have supported the Company and a wish to expound on what we believe is an exciting business plan. 

As previously reported on a May 1st Press Release, a number of these shareholders have contributed toward a rapidly evolving turn-around in the Company's fortunes. This was in part due to the shift in the Company's business plan from a narrowly defined integrated automation company to a public holding company of a portfolio with more diversified industrial manufacturing and production companies. By broadening the Company's scope of acquisition candidates in this way, the Company has and is now able to identify and approach a larger population of businesses offering exceptional value, in differing vertical markets, such as Oil and Gas Production/Refining, Manufacturing, and Aerospace.

In our recent Press Releases dated September 4th, 6th and 9th, 2013 covering our settlement of Trafalgar debt, restructuring of our board of directors, and our credit facility agreement, we have demonstrated our commitment to our new strategy. Our strategy; is to target highly profitable businesses who share attractive earnings ratios, (usually above 20%) have competent personnel management willing and able to continue to run the enterprise post closing, and a desire to be sold and operated as a Special Private Entity. This allows us the ability to acquire multiple businesses relatively quickly while benefiting from roll up earnings, thereby creating significant shareholder value.

In a statement made by our Principle Financial Officer, "The current state of NAS is far better than it has been in several years. The Company anticipates by the first week of October 2013, that it will become current on all SEC reporting requirements of 10-K and 10-Q's for both 1st and 2nd quarter 2013; we have focused our efforts in finding suitable targeted acquisitions, and will continue to address our outstanding obligations. NAS is reviewing past encumbrances and liabilities with the ultimate goal to improve the Company's balance sheet and further strengthen shareholder value. Additionally we have reduced our overall outstanding obligations prior to closing on our primary targeted acquisitions, which are now well underway and will be announced very soon."

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.

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