Today before the opening bell, National Automation Services, Inc. announced that first quarter 2011 financials posted with the SEC reflect a $2,237,000 net gain. Basic and diluted income per share was reported at $0.02 for the first quarter.
Recapping highlights of the quarter, National Automation Services reiterated the completed settlement with Trafalgar Capital, noted in a March press release, and the filing of its financials for the quarter ended March 31, 2011. With the settlement, the Company noted the extraordinary gain.
Jeremy Briggs, Principal Financial Officer for National Automation, commented, “We have had our challenges over the past two years and I am very pleased in the progress made to date. Our focus, with these challenges behind us, is to build on our business plan going forward and to continue increasing revenues and shareholder value.”
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