May 6, 2014 — National Automation Services, Inc. (OTCQB: NASV) entered 2014 closing in on its first acquisition, and by the end of February, the company’s solid team of executives had acquired JD Field Services. In doing so, NAS, Inc. instantly increased its value and entered into the oil and gas production services industry, but the company has no intention of stopping there. After reviewing the company’s first acquisition target, and digging into NAS, Inc.’s acquisition model, Stock Market Media Group (SMMG), a full service research and content development IR firm, has initiated coverage on National Automation Services with a Report and issued a speculative buy rating to accompany the Report.
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After examining the JD Field Services acquisition, SMMG feels NAS, Inc. is highly undervalued at its current entry price of $0.0317. The new wholly owned subsidiary has about 130 employees and a three year historical average of $24,000,000 in gross revenues, 2013 EBITDA of approximately $5,700,000, and net assets valued at around $7,500,000. Using conservative estimates the company’s share price should be valued between $0.192 – 0.264 on this acquisition alone.
NAS, Inc. CEO, Bob Chance has surrounded himself with a strong team of executives who seem to have shareholder value in mind with plans to buy back more than $1.3 million in shares in the open market, and the company expects to apply to up-list to the NYSE in late 2014.
The domestic energy space is currently enjoying a real spending boom as both oil and gas exploration and the hydro-frac business are on the rise. The industry expects to spend $723 billion in 2014 to find and develop new production fields, and NAS, Inc. is ideally positioned to enjoy a piece of that pie with acquisitions into oil and gas production services companies.
View the Report at: www.stockmarketmediagroup.com/reports.