National Automation Services CEO Issues Updated Letter to Shareholders
January 17, 2012 08:45 ET
National Automation Services CEO Issues Updated Letter to Shareholders
LAS VEGAS, NV--(Marketwire - Jan 17, 2012) - National Automation Services, Inc. (
Dear Fellow Shareholders:
Today, I take great privilege in updating you on the progress of the Company. I am pleased to report that we have engaged multiple sources to identify and open discussions with companies that may want to be acquired, some through business brokerage firms and others through research conducted by our internal acquisition team. We are working closely with a lender to offer pre-approved terms for each acquisition so that when a letter of intent (LOI) is presented, it has already been approved in basic structure for funding. We announced our first potential acquisition out of Cincinnati, Ohio in November 2011, and now due diligence is underway.
Our customers are typically municipalities, manufacturers, and mining operators, but also extend to virtually all industries with production activities, including automotive, food and beverage, and pharmaceutical companies. Since we operate a certified UL-listed panel fabrication facility, we can provide systems integration and control panel solutions for any sized company, particularly those not "big enough" or economically attractive for Fortune 100 industrial automation firms. We enable our clients to improve quality and enhance manufacturing processes, while lowering costs and reducing down times caused by human error.
Our position has been favorably affected by our March 25, 2011 debt settlement with our former lender, Trafalgar Capital. As a result, we were awarded a net gain of $2.4 million, which was recorded as an extraordinary (non-cash) gain in the second quarter ended June 30, 2011.
While I remain optimistic as to what NAS has accomplished year-to-date and our future growth prospects, the market has yet to reflect these new and forthcoming achievements. I believe our share price is extremely undervalued, and the market has yet to "connect" to our true valuation. To that end, we have engaged a seasoned public relations company, OTC Financial Network (OTCFN), to help us re-build shareholder confidence and increase market awareness. OTCFN is one of the nation's longest running investor relations and financial communications firms for the small- and micro-cap community. Since 1992, it has helped over 1,000 publicly traded companies achieve their goals and sustain momentum in the marketplace.
In conclusion, I believe it has never been a more exciting time for NAS. We have positioned ourselves to capitalize on current market conditions, and believe our efforts will pay-off in both the near and long-term. Should you have any questions, concerns or comments, please contact us via the NAS E-News Connection ([ www.NASAutomation.com ] under "Investor Relations"). You can also find our latest updates and news alerts by joining the NAS Facebook Fan page. I would also encourage you to download a "Corporate Profile" on the Company, which was recently published by OTCFN and is available at [ www.otcfn.com ], or by visiting our Investor Relations page at [ www.NASAutomation.com ].
As always, thank you for your continued interest and support of NAS. I truly believe the best is yet to come.
Sincerely,
Bob Chance
CEO, National Automation Services, Inc.
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. 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.