|By Marketwired .||
|April 28, 2014 10:35 AM EDT||
LAS VEGAS, NV -- (Marketwired) -- 04/28/14 -- National Automation Services, Inc. ("NAS") (OTCQB: NASV) announces the Company's next steps.
The Company plans to further exploit and ride the upward trajectory of the Domestic U.S. Oil & Gas Industry. It is presently in the process of vetting additional Oil & Gas industry candidates, which are in various stages of negotiation. Our intent is to complete at least one if not two new acquisitions this year prior to or during the up listing process to the AMEX/ NYSE scheduled by year's end. The additions are expected to dramatically increase the Company's total valuation in Assets and Revenues.
Company President/CEO Bob Chance stated, "The Company has aggressively sought qualified acquisition targets in the Oil and Gas Services sector currently operating in the Bakken, Williston, Eagleford, and Marchellus Shale regions. Only candidates that align themselves with our business model are being considered, and we believe as with JD Field Services, that we have found some very good companies that fit our criteria, and hope to announce them in the very near future.
"We are also looking to have an influence, with our extensive expertise in water/wastewater industry, of introducing solutions that can be applied to the Domestic Fracking Industry on safe extraction of Oil and Gas through modern technologies that can recover and safely process the wastewater being produced. These products and services will be developed and offered through our Subsidiaries and will increase the revenue base for each."
The spending boom in the oil-and-gas-exploration and hydro-frac business is on the rise. In 2013, oil companies were expected to spend $644 billion to find and develop new production fields. This year, they are expected to spend $723 billion, and the trend is rising and is expected to do so over the next 15 years. The United States became a net exporter of petroleum based products in 2011, the first time this has occurred since 1949.
Further information about JD Field Services is found on our website at http://www.jdfieldservices.com. For more information about National Automation Services, please visit our website at http://www.nasv.biz.
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.
Investor Relations Contact:
The Olibri Group