Allegiant Professional Business Services, Inc. (APRO)

[naturalborninvestor]

Here is the same story from another filing

Both "Marketing Agreements" are linked together
The first agreement was between Smart-Tek and Bonar, the second between Bonar and ACEO.
ACEO - as a broker - was instrumental to achieve the current $25m payroll mark which the company reported recently.

All these information are very specific to Bonar as opposed to APRO. I would tend to think that this is good news.

Item 3. Source and Amount of Funds or Other Consideration

Mr. Bonar, was issued 45 million restricted shares of Smart-Tek Solutions pursuant to his agreement to as previously reported, the through the subsidiary, Smart-Tek Solutions Inc. has entered into a client agreement expected to generate $25 million in annualized revenues and $5 million in net revenues. Under this agreement Smart-Tek will provide various human resources services.

Pursuant to the marketing partner agreement Mr. Bonar entered into with the Company on June 17, 2009 whereby for every $1,000,000 in annualized gross sales of the Company up to the first $25,000,000 in annualized sales introduced by Mr. Bonar, he will receive 1,800,000 shares of common stock of the Company up to a maximum of 45,000,000 shares, Mr. Bonar was issued 45,000,000 shares as a result of the staffing services agreement entered into on September 11, 2009 between Smart-Tek Solutions, Inc. and ACEO, Inc. which would generate an estimated $25 million in gross revenue.

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