Science & Technology
Science and Technology
Science and Technology
Wed, June 17, 2009
Tue, June 16, 2009 National Automation Services, Inc.: National Automation Services, Inc. Withdraws S-1 Registration Statement and Prioritizes For
LAS VEGAS, NV--(Marketwire - June 16, 2009) - National Automation Services, Inc. ([ www.nasautomation.com ]) (
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ABOUT NATIONAL AUTOMATION SERVICES, INC.
NAS is a small automation and controls company. Before the Industrial Revolution, virtually all goods were made by hand. With the Industrial boom of the 1900s, the automation and controls industry was born to improve the quality and reduce the costs of tedious, repetitive tasks in the industrial plants, allowing the owners of the plant to improve not only quality but competitiveness as well.
NAS has performed services involving waste/water treatment, airport security, bottling, power plants, mining, breweries, food processing, and tire and textile manufacturing, among others. NAS intends to build a nationwide company through acquisitions and internal growth. We currently focus on:
Industrial Automation and Control: NAS has an experienced staff of electrical and control engineers, as well as project managers, with experience in industrial automation and controls. The Company's business is currently focused in Nevada, Arizona, and Utah, but it intends to expand its footprint in the U.S. through internal growth and acquisitions.
Automation Manufacturing: NAS is a certified Underwriters Laboratories panel fabrication facility, and we believe this nationally recognized certification provides NAS with significant marketplace credibility for custom control panel assembly and fabrication.
The automation industry in the U.S. exceeds $400 billion in sales, largely through a handful of large companies which offer national, as well as worldwide, support for the corporate and government clients they serve. However, the industry is highly fragmented, with about 286 companies of modest size in the U.S., privately owned and local in nature, conducting total approximately $32 billion in annual sales. In fiscal 2008 NAS had sales of approximately $3,100,000 (unaudited).
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 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.
