Press release today:
National Automation Services, Inc. ("NAS") (OTCQB: NASV) a small, but rapidly growing oil and gas services company has issued this informational letter to National Automation Services shareholders, which does not constitute an offer or invitation to sell, purchase or subscribe for any securities, or the solicitation of an offer to buy or subscribe for securities, in any jurisdiction and is not a prospectus as defined by the US Securities and Exchange Commission. In a statement written by Robert Chance, CEO of National Automation Services: To our most valued Shareholders Let me begin by saying, WOW WHAT A YEAR! 2014 has seen the culmination of all the blood, sweat and tears our team has exuded over the last few years. All of our dreams and aspirations have resulted in what we now see as National Automation Services. From our completed acquisition of J.D. Field Services to our Purchase and Sale agreements with Devoe Contracting in the Denver Basin of Colorado and MonDak Tank of Williston, ND, (both of which we anticipate, but cannot guarantee, closing early next year) to our taking steps to expectantly up list to the NYSE Markets Exchange (formerly known as the American Stock Exchange), we are on the cusp of unprecedented success. Acquisitions - J.D. Field Services has won prestigious awards in the oil and gas industry and we believe it will see continued growth in 2015 and beyond. When we factor in the soon to be completed acquisitions of Devoe and MonDak, Management contends that the projected growth for NAS is absolutely incredible. And the best is yet to come! We have precisely, and sometimes painfully, positioned NAS to be one of the companies that represent the future of oil and gas production in the United States. We are building a conglomerate which will, when completed, be able to offer an all-inclusive servicing solution for oil and gas producers in the United States. Each of the companies in the NAS portfolio has and will have a series of products and services which work synergistically with those of the other companies. NAS has no plans to rest on its proverbial laurels. Not now, not ever. We are far from done building your company. Industry - Some of our shareholders have expressed concern over what effect, if any, the recent fall in oil prices is going to have on our business and share price. Oil prices have dropped about 40% since peaking in June causing a sharp sell-off in traditional oil and gas shares and consequential drops in share prices. We believe that this is panic selling and is inconsistent with the global long-term underlying trends now in play in the oil & gas industry. On the contrary, the U.S. oil and gas industry is embarked on an unprecedented growth trajectory and National Automation Services is positioned to ride the wave. Moreover, with fuel being a significant operating cost for JD Field Services, the drop in fuel prices, primarily diesel, is, on pour opinion, adding profit to JD's bottom line. According to the US Energy Information Administration, on November 27th, 2014 the wholesale spot price per gallon for Ultra-Low Sulphur No. 2 Diesel Fuel on the US Gulf Coast was $2.265 per gallon. On the same day, the spot price for Crude Oil at WTI in Cushing, Oklahoma was $75.74. One year earlier, these prices were $2.96 for diesel fuel and $92.05 for Crude Oil. The prices peaked to $3.079 on February 20th, 2014 for diesel fuel and $107.95 on June 20th, 2014 for crude oil. From their 2014 high, the wholesale price of Diesel Fuel is down 26.5%, making for a drastic reduction in one of JD Field Services highest expense categories, fuel costs. We believe that this translates to a direct and immediate improvement in bottom line profits, without causing any recession of income. In the same timeframe, Natural Gas has seen increases in price. From its low of $1.95 per Million Btu in 2012 we have seen a steady ascent in price throughout the last two years to $3.78 per Million Btu for October 2014, according to Henry Hub Natural Gas Spot Price. We contend that this is good for our Company because our current business with operators, as they switch over, will reduce transportation, per diem, and other cost of sales items improving our profit margins, while also increasing sales. Moreover we believe that long-term demand for U.S. natural gas is likely to grow as new refining and transport facilities currently under construction come on line. So in the short term, the net effect of lower oil prices and steady natural gas prices will, in our opinion, have a positive impact on both the top and bottom line of National Automation Services. Moreover, oil and gas prices are cyclical and U.S. producers have their eye on the long ball. 2015 global demand for oil is, to pour knowledge, projected to be 94.1 million barrels per day, which will outstrip 2015 global projected supply of 92.9 million barrels per day. This should put the brakes on falling oil prices and potentially reverse the trend. NYSE Markets Exchange - While change can be deemed unpleasant for some, this is a change that we all can agree on. Currently the Company is represented on the OTC Markets (Over the Counter) Exchange. While this exchange is perfect for many companies, we feel, and shareholders have agreed, that the future of NAS lies on another exchange. In partnering with our New York based Wall Street investment banker, we have had a tremendous amount of assistance in our quest to move to another exchange. Our exhaustive investigation has revealed that the most successful path for NAS will be to move to the NYSE Markets Exchange (formerly known as the American Stock Exchange). While this is a very aggressive goal, feedback from shareholders has told us that you want it to happen. The boldest example of this is when you authorized the company to enact a sizeable stock re-capitalization in order to be better positioned to qualify for the price point required of a higher exchange. The Future - If only foresight was as clear as hindsight, we'd all have won the Lottery and would never want for anything! Unfortunately that is not the case, so while we continue on the journey forward, we are certain of one thing, there will be more than our fair share of adversities but we will overcome and make NAS the best company possible. We look forward to 2015 and expect, but cannot guarantee, that we will once again add to our portfolio of companies. We will continue on our path and create a conglomerate of companies each interwoven, feeding off each other's strengths and reinforcing any weaknesses. From the bottom of my heart, THANK YOU. Without the support of our shareholders none of this could come to fruition. Each and every member of the NAS team is truly thankful that we have the support and dedication of our shareholder base, and will move forward with one goal in mind: Increase shareholder value. Have a Happy Holiday Season! Sincerely yours, Robert W. Chance President/CEO National Automation Services For further information about National Automation Services, Inc., visit National Automation Services, read our SEC filings at NASV SEC Filings and subscribe to Email Alerts at Subscribe Today (bottom of the web-page) to receive company news and shareholder updates. 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 Briggs Smith 813-438-5225 Email Contact IR Consulting Services Alan Stamper 727-771-8773 Email Contact SOURCE: National Automation Services, Inc.
