Late yesterday evening, National Automation Services, Inc., a public holding company focused on designing, engineering, installing and maintaining automated control systems, provided current details regarding proposals, contracts awarded, backlog and market status.
•The company has $1.3 million currently “bid waiting — a notice of results from the potential customer of whom, contracts are awarded” (bid award).
•Currently there is $656 thousand in contracts being proposed in the next 30 days.
•NAS has been awarded $1.4 million in contracts to date.
•NAS currently has a back log of $1.2 million in contracts.
•NAS announced elevation of its trading status from the standard Pink Sheets to the OTCQB. Originally the Company was seeking to move to OTCBB but has decided the OTCQB offered a much more sophisticated and modern trading platform.
Bob Chance, CEO of NAS stated, “We have moved from the Pink Sheets to the OTCQB based upon the criteria set forth by the OTC Market. Our decision not to pursue the Bulletin Board was made very recently when it was apparent change is in the wind for OTCBB. The market was created in 1990 as part of the Bank reform act, but the technology is outdated and this is why most companies are dually listed on the OCTBB Market and on OTCQB, because of the advancement of technology which allows dealers and traders to electronically make trades easier and faster.”
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