|By Marketwired .||
|July 2, 2014 07:37 PM EDT||
LAS VEGAS, NV -- (Marketwired) -- 07/02/14 -- National Automation Services, Inc. ("NAS") (OTCQB: NASV) announces today that a Letter of Intent to Purchase has been agreed to and signed by an Oil and Gas Service and Construction Company located in Colorado.
The Company's name and information will be announced once the final Purchase and Sale Agreement is executed which is anticipated in the next few days.
The Company provides construction services to the oil and gas industry, installing necessary piping, tanks, pumps, automation equipment, etc. and is headquartered in CO. In 2013 they did $15M in total sales and employed over 100 employees. They are a widely respected contracting outfit in their field and have an excellent management team that will continue on with NAS after the purchase.
Sean Sego, Director of NAS and head of the Acquisition Committee stated "We are very excited to announce this latest acquisition as the synergies created between JD Field Services and this Colorado based company will allow both to flourish and become a formidable influence in the Oil and Gas Production Services sector in the region. Our goal is to add diversity in products and services to our current and future clients as we develop new relationships through our acquisition plan as it develops."
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
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