National Automation Services, Inc. Announces Company Repurchase of 50% of All Outstanding Shares
Dec. 7, 2010 (Marketwire) --
LAS VEGAS, NV -- (Marketwire) -- 12/07/10 -- National Automation Services, Inc. ("NAS") (www.nasautomation.com) (PINKSHEETS: NASV) (OTCQB: NASV) announced today that it is planning to repurchase 50% of all outstanding free trading common stock from its investors at fair Market Price. The repurchase is to take place in January of 2011 and will allow the Company to use the Stock for new acquisitions which is developing rapidly over the next eighteen months. The Company is prepared to repurchase up to 28 million shares which will conclude a massive reinvestment into the Company.
Bob Chance, President and CEO of National Automation Services stated today, "The Company is making this move to fill the Treasury with stock to be used in negotiating the planned acquisitions. More details of the planned repurchase will be released on the day of implementation."
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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 10-K audited financials 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.
About National Automation Services, Inc.:
National Automation Services, Inc. headquartered in Nevada, a Corporation with wholly owned subsidiaries in Arizona and Nevada, designs, manufactures, and programs Automation and Control Systems. View our technical skills, project history, and key personnel 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.
CONTACT INFORMATION
National Automation Services, Inc.
Marketing Manager
2470 Saint Rose Pkwy Ste 314
Henderson, NV 89074
Phone: 702-487-NASI (6274)
Email Contact
Source: Marketwire (December 7, 2010 - 10:56 AM EST)
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