Trucept, Inc. (TREP)

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Smart-Tek Solutions, Inc. Announces Signing of LOI to Acquire Solvis Medical Group

NEWPORT BEACH, Calif. , Sept. 20, 2011 /PRNewswire/ -- Smart-Tek Solutions Inc. , (OTC Markets: STTN) is excited to announce the signing of a Letter of Intent to acquire Solvis Medical Group from American Marine LLC , a Montana LLC .   Solvis Medical Group , a Nevada corporation has three distinct businesses: Solvis Medical Staffing and Solvis Medical provides medical staffing services to hospitals, medical clinics, surgical centers, and skilled nursing facilities; and, in certain cases, nursing care to patients in their homes.   Solvis Physical Therapy, Inc. is a licensed provider of physical therapy services, but is currently inactive.  The acquisition is to be finalized on October 1, 2011 .  Solvis Medical Group is estimating over $4 million in revenue with net income of approximately $600K for the year ending December 31, 2011 .   This acquisition would represent an increase in revenue in excess of 15% over the current annualized reportable revenue.
Mr. Bonar added, "This acquisition fits well with our existing businesses and is on track with our ongoing plan for growth and increasing shareholder value."  
www.smart-tekservices.com
About Smart-Tek Solutions, Inc :
The parent, Smart-Tek Solutions, Inc. , generated revenue from the installation of security systems in construction projects.  This business has been discontinued as of July 1, 2010 .
About Smart-Tek Automated Services, Inc. :