|By Marketwired .||
|March 21, 2014 06:00 AM EDT||
LAS VEGAS, NV -- (Marketwired) -- 03/21/14 -- National Automation Services, Inc. ("NAS") (OTCQB: NASV) Announces update as a part of its awareness program and reaffirming commitments to its shareholders noting no toxic debt.
The Company would like to reaffirm to its shareholders that there is no harmful debt outstanding which could negatively impact the Company's share value. Many have expressed concern that there may be harmful debt with conversion features still outstanding from such creditors as Asher Enterprises, Trafalgar Capital, TriPod Group, etc. This type of debt often leads to short selling of the stock to reduce the effective conversion price, thus inhibiting upward progress in share valuation. These debts were settled throughout 2012 and 2013 and no such remaining debentures and convertible notes currently exist on the Company's books. The Company advises that any future financing in the execution of its business plan will be completed with non-harmful mechanisms using restricted shares, with additional restrictions on the percentage of stock that can be sold using a "leak out" provision. It is the Company's long-term mission to not only build shareholder value but to protect such gains from predatory market influences.
The Company further reports that there are 261.4 million free trading shares in the public float. The remaining outstanding shares are held in restricted form and by insiders of the Company.
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.