Why STTN is such a huge pick for the PEO industry?
* Brian Bonar took control of the company last year transforming it from a security equipment company to a PEO solutions company. The final steps are now in the process of getting SEC approval which will cut STTN's liabilities by half. Brian has also ended his tenure as CEO at another PEO firm to focus solely on STTN which he holds a 65% shareholder stake in.
* Since Brian has become CEO revenue has increased from $3,274,139 in fiscal year 2009 to $12,038,390 in fiscal year 2010, an increase of 267%. Not only did we have a huge increase in revenue, but Brian has also turned the company into a profitable company in fiscal year 2010. The first quarter of fiscal year 2011 looks even better with revenues of $5,240,037, putting us on course for at least $21,000,000 in revenues in 2011. First quarter of 2011 also saw net profits of $620,189 putting us at 0.01 EPS for the quarter or 0.04 projected EPS for the fiscal year.
* In the last year STTN has cracked into the whole of the U.S. PEO market by completing licensing and registration requirements in 33 state and is actively pursuing licensing and registration in the remaining 15 states in the continental U.S. This will allow STTN to continue to expand it's business through the opening of new offices around the U.S.
* Perhaps the most important thing which has not been discussed here and I will get into more detail later is that STTN has entered the booming China market with dedicated operations located in Hong Kong. More on this later. =)
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