SOURCE: National Automation Services, Inc.

November 29, 2007 09:00 ET

National Automation Services, Inc.'s Wholly Owned Subsidiary Announces Support and Maintenance Agreement With Firestone Building Products

Company Also Announces $1,288,227 of Contracts Signed in the Last 60 Days, With Pending Bids Equalling an Additional $5,588,000

LAS VEGAS, NV--(Marketwire - November 29, 2007) - National Automation Services, Inc. (PINKSHEETS: NASV) (www.n-a-s-inc.com), and its wholly owned subsidiary Intuitive System Solutions, Inc. (ISS) are pleased to announce Firestone Building Products, with gross revenues of over $2.4 Billion per year, has selected ISS to provide continuing automation control and maintenance support for its new plant located in Las Vegas.

Firestone completed construction of the new plant in October which utilized factory personnel from outside of the area to set-up all equipment on batch and assembly line systems employed in the plant. However, ISS was selected over out of state contractors to support ongoing operations now that construction is complete. The recently signed agreement calls for the engineers at ISS to be on call 24\7 in order to support this new state-of-the-art facility.

Robert Chance, CEO of National Automation Services, Inc. in discussing the selection of ISS by Firestone stated: "After months of scrutiny by Firestone in the selection process, ISS was selected for this important task of supporting its operations here in Las Vegas. The equipment installed in the Plant is highly specialized with extensive automation and controls installed which require our skill set to support. In building a nationwide network of automation and control companies, NASV will be able to offer Firestone support in all of their operations across the country. We are grateful for the selection and look forward to building a strong relationship with them. Our company intends to seek out other specialized maintenance and support contracts which pay ISS and our other subsidiaries sizable monthly fees for being on call as well as providing the services required. This type of contract allows us to achieve a steady source of monthly income while we continue to attract substantial project contracts."

Mr. Chance continued: "The Company is also pleased to announce that ISS has been awarded a total of $1,288,227 in contracts over the last 60 days, and have outstanding bids for another $5,558,000 of contracts, which should be awarded over the next 60 to 90 days. The Company expects to win a substantial amount of the contracts which it is bidding upon. We look forward to discussing this contract, our present backlog and our present outstanding bids, as well as our overall acquisition strategy on our first national conference call next Tuesday."

Robert Chance will be hosting a conference call on Tuesday, December 4th, in order to discuss NASV's operations and acquisition strategy with it shareholders, the investing public, brokers and analysts. Topics that will be covered include: current projects, revenues and shareholder value, and upcoming acquisitions. Dial-in information for the conference call: Ready-Access Number: 1-800-503-2899, 7-Digit Access Code: 5673303.

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ABOUT NATIONAL AUTOMATION SERVICES, INC.

National Automation Services, Inc. is a public holding company for specialized automation control companies located in the Southwestern United States. The Company presently owns 100% of the stock in Intuitive System Solutions Inc. ("ISS") of Las Vegas, Nevada and is currently completing its second acquisition in Phoenix, Arizona of Intecon Controls Inc.

The Company currently focuses on:

Industrial Automation and Control. With an experienced staff of electrical and control engineers, as well as project managers, with over 80 years combined 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 into California, Texas and New Mexico and other western states during 2007 and nationwide in 2008. From this segment of the business, NAS is projected to realize $7 million of gross revenues in 2007 and increase the gross revenues from this division to over $21 million in the 6 months through key acquisitions. As an example of the type of services provided in this division, a major national airline utilizes ISS extensively for automation projects at Las Vegas McCarren International Airport.

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. From this segment of the business, NAS is projected to realize $3 million of gross revenues in 2007 and increase the gross revenues from this division to over $6 million in the next year just from ISS and Intecon alone.

NAS projects achieving gross revenues from ISS in 2007 of $2,544,094, with a net pre-tax income of $781,688 and $2.4 million from Intecon Controls with a net pre-tax of $480,345. Through an acquisition strategy that encompasses a minimum of one major acquisition per quarter, as well as through internal growth of ISS, due to its recently granted increase in licensing capacity to $2 million per project, the Company should increase gross revenues to $25,780,972 in 2008, with net pre-tax income of $16,190,755. With a total of 40 million shares outstanding, the management of the Company projects earnings per share of $0.03 in 2007 and $0.27 in 2008.

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 9966