Every one of the companies mentioned in this public filing crashed and burned. BRIAN BONAR is a con artist.
The part that I have bolded makes me want to barf...
Exhibit 99.2
Smart-Tek Appoints New Chairman and Chief Executive Officer
NEWPORT BEACH, Calif. March 17, 2010/PRNewswire-FirstCall/ -- Smart-Tek Solutions, Inc. (OTC Bulletin Board : STTN), today announced that Brian Bonar has been selected as the new Chief Executive Officer and will also take over the position of the Chairman of the Board of Directors. This management change was determined by the Company’s plan to focus its efforts on the rapidly growing PEO operation. Perry Law offered to step down as the Company’s CEO and CFO to help facilitate the modification of Smart-Tek’s new business strategy. Mr. Law will remain as a Director and as the President of Smart-Tek Communications, Inc., a wholly owned subsidiary of Smart-Tek Solutions, Inc. "Mr. Bonar is a proven top executive," stated Perry Law. "He has demonstrated his leadership skills as the head of the Company’s subsidiary, Smart-Tek Automated Services, Inc. for the past year, which is already delivering remarkable results.”
Mr. Bonar has over 18 years of experience with IBM in Europe, Asia and the USA and an additional 20 years in high growth companies both private and public in various locations in the USA and the United Kingdom. From 2003 until 2006, Mr. Bonar was the Chairman and CEO of The Solvis Group, which provides staffing, PEO and ASO services to mainly the medical and call center market segments. From 2004 until 2009, Mr. Bonar was the Chairman and CEO of Dalrada Financial Corporation, a California based financial service corporation providing workers compensation, health insurance and various other insurance products directly to the end consumer and marketed via various PEO and staffing companies.
From September 2007 until 2009, Mr. Bonar was the President and a member of the board of directors of Allegiant Professional, a publicly traded company. Also from September 2007 until 2009, Mr. Bonar founded AMS Outsourcing, a PEO focusing mainly in the transport market place and also established an international presence in the Czech Republic and Mexico. From 2004 to 2009, he was a member of the board of directors of the following companies and organizations: The Solvis Group, Warning Management Corporation, Dalrada Financial Corporation, American Marine LLC, Alliance National Insurance Company and The Boys and Girls Club of Greater San Diego.
Mr. Bonar holds the Honorary title, Lord Bonar of Wilcrick, Cardiff, Wales United Kingdom. He received a BSC in Mechanical Engineering from the Strathclyde University, Glasgow Scotland and a MBA and a PHD in the field of International Business Development Studies from the Stafford University, England UK.
Please visit 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.
