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Smart-Tek Automated Services, Inc. Joins National Association of Professional Employer Organizations (NAPEO)
Apr 08, 2010 (03:04 PM EDT)
NEWPORT BEACH, Calif., April 8 /PRNewswire-FirstCall/ -- (OTC Bulletin Board: STTN) Smart-Tek Automated Services, Inc. today announced that it has joined NAPEO, the largest trade association for professional employer organizations (PEOs) nationwide. This membership is a valuable tool for the Company as it provides crucial resources for growing the PEO business. NAPEO is considered the industry's leading outsourced technical advisor on a multitude of PEO operational and management issues. With this new affiliation, Smart-Tek will have access to a wealth of resources, including:
"We are very excited to join an organization such as NAPEO. NAPEO's commitment to protecting the interest of its PEO members at all levels of government through its lobbying efforts is a huge asset to Smart-Tek," said Kelly Mowrey, COO of Smart-Tek Automated Services, Inc. "NAPEO provides a proactive public relations approach that helps secure legal and operational certainty in the face of this ever changing public policy climate."
Please visit the Web site www.smart-tekservices.com for further information.
About Smart-Tek Solutions, Inc:
The parent, Smart-Tek Solutions, Inc., generates revenue from the installation of security systems in construction projects. Its board is currently in negotiations to sell its original business and focus entirely on the PEO business of its wholly owned subsidiary, in order to achieve the best value for its shareholders. The original business generated $3.3 and $3.8 Million of revenue in 2009 and 2008 respectively, and $0 and ($3.1) loss of earnings in 2009 and 2008 respectively.
About Smart-Tek Automated Services, Inc.:
Smart-Tek Automated Services, Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing - staff leasing, temporary staffing and co-employment. It not only provides core services but a wide selection of employee and employer benefits and aftermarket products.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones and marketing arrangements and plans. Estimated revenues from its Smart-Tek Solutions, Inc. subsidiary are somewhat subjective and based on information available to the Company at the time of the determination. Also, such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the continued growth of business as planned including the fruition of new agreements in hand, existing business staying intact, and our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and potential international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission, including its annual report on Form 10-K for the year ended , and its subsequent filings with the SEC.
SOURCE Smart-Tek Solutions, Inc.