National Automation Services, Inc. today announced that they have signed a Letter of Intent with Versant Funding LLC.
Under the terms of the Letter of Intent with Versant, the company will be able to fund its working capital requirements through the sale of its outstanding accounts receivable invoices to Versant. NAS intends to use the funding proceeds to execute and perform on contracts with existing and new clients.
Jeremy Briggs, Principal Financial Officer of National Automation Services Inc., commented, “This source of funding will increase our capabilities to meet the Company’s operating requirements and growth objectives.”
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