|By Marketwired .||
|February 28, 2014 05:30 AM EST||
LAS VEGAS, NV -- (Marketwired) -- 02/28/14 -- National Automation Services, Inc. (OTCQB: NASV), announced today it has executed its first acquisition.
On Monday February 24th, 2014, NAS completed the purchase of JD Field Services and its subsidiary have over 100 employees with a three year historical average of sales in excess of $24,000,000 and estimated $19,000,000 in assets. They are a mid-sized service provider (providing services such as Roustabout, water services, rig haul, and trucking services) to the oil and gas industry operating in the Rocky Mountain region and North Dakota shale play region. An 8-K was filed with the SEC on Tuesday February 25, 2014 with all details relating to the purchase agreement.
In a statement by Jeremy Briggs, CFO for NAS: "JD Field Services, our first acquisition of many planned, has been the product of NAS's restructuring which began in early 2012. The road getting to this point has been long, but we have finally arrived at our first destination which is JD. JD will continue to deliver quality service to their clients while NAS will simply be the Parent Company focused on helping JD make strategic acquisitions that will allow them to increase services to their clients. We are very excited about the synergies between the two Companies and look forward to working closely with them in the future."
National Automation Services, Inc., headquartered in Nevada is a public holding Company. Visit www.NASV.biz for further information.
SAFE HARBOR AND INFORMATIONAL STATEMENT This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's registration statement and reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
National Automation Services, Inc.