SOURCE: National Automation Services, Inc.
LAS VEGAS, NV--(Marketwire - Apr 18, 2011) - National Automation Services, Inc. ("NAS") (www.nasautomation.com) (OTCQB: NASV) (PINKSHEETS: NASV) National Automation Services updates Investors on current activity and new Contracts.
In recapping the events for the first quarter of 2011, the Company has completed settlement negotiations with Trafalgar Capital, noted in our March 28th, 2011 press release; the Company has filed its reviewed financials of the 3rd quarter ending September 30, 2010; and has also filed its full audited financials for the fiscal year ending December 31, 2010, which brings the Company current on all its filings. Further, the Company has recently announced having entered into a Letter of Intent with Versant Funding LLC.
Additionally, the Company has received contracts for: upgrading a Plating Line for a large battery manufacturer located in Arizona by implementing a PC-based control system to improve the performance of the manufacturer process, control of batch recipes, and collection of manufacturing data which enable technological advances which are being implemented using laser guided crane controls to move the manufactured parts through the plating process; and a contract with a major mining operations in Arizona and Mexico in automating the mines output of silver and copper which is in high demand.
Dayv Marlow, VP Sales and Marketing, stated, "With a world-wide economic focus on Green and Renewable Energies the need for new battery technologies and battery manufacturing processes will be an emerging market for automation technologies and services. We are looking forward to focusing on other market segments, including projects in Brazil, with focus on Renewable Energies."
Join our NAS E-News Connection and our official NAS Facebook Fan Page for the most recent news. Management also encourages investors to read the Company's Annual 10-K filing as well as all required documents the Company files with the SEC. Such documents can be obtained on the SEC website at www.sec.gov or on the Company's website at www.NASAutomation.com.
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 ability to obtain the additional working capital which NAS needs; the ability to complete the move to the OTC.QB; the ability to locate suitable companies to acquire and then integrate such acquired companies, if any; the ability to retain key employees; the ability to successfully combine product offerings and customer acceptance of combined products; general market conditions; 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. References herein to "NAS," "National Automation Services," "the Company," "we," "our" and similar words or phrases are references to National Automation Services, Inc., unless the context otherwise requires.