National Automation Services, Inc. (NASV.PK) Announces Equity Financing Commitment of Up to $5 Million

QualityStocks would like to highlight National Automation Services, Inc. (PINKSHEETS: NASV). National Automation Services, Inc. is a Nevada corporation which, through subsidiaries based in Nevada and Arizona, designs, produces, installs and, to a significantly lesser extent, services specialized mechanical and electronic automation systems built to operate and control machinery and processes with a minimum of human intervention.

In the company’s news yesterday,

National Automation Services, Inc. announced that it has obtained an equity financing commitment of $5 Million from Ascendiant Capital Group, LLC, a private equity firm, and its affiliate, Ascendiant Equity Partners, LLC.

During the two-year term of the equity financing commitment, NAS may sell shares of its common stock to Ascendiant up to the total commitment amount. According to the press release, the company will determine, at its sole discretion, the timing and amount of any sales of its stock, subject to certain conditions. For more information on the equity agreement, reference further details provided in the 8-K filing with the SEC.

NAS’s management team believes that the financing commitment, one of several financing strategies the company is pursuing to further its business plan, provides NAS with a flexible, low-cost alternative to other forms of debt and equity financing currently available in the market.

The Company encourages investors to review the filing for Financials, Risk Factors, and Business at http://www.sec.gov, and stay current by joining its E-News Connection email list. Investors can join by clicking the following link: http://www.nasautomation.com/ or by contacting the NAS Marketing Manager at 702-487-NASI (6274).

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.