NEWPORT BEACH, Calif., May 23, 2011 /PRNewswire via COMTEX/ -- Smart-Tek Automated Services, Inc., (OTC Bulletin Board: STTN) Reports Sales Increase of 68.6%. During the three month period ended March, 2011, Smart-Tek had net revenues of $4.2 million versus $2.5 million the same period prior year. Smart-Tek also reported net income of $$363,354 as compared to net income of $292,777 during the comparative period in 2010. The business of our subsidiary, Smart-Tek Automated Services, Inc. continues to grow and show a profit. "The demand for better Human Resource (HR) Outsourcing solutions from small to medium sized business owners continues to grow and I expect continued growth in our business segment throughout 2011," commented Brian Bonar, CEO.
Mr. Bonar went on to comment that he was particularly pleased that reported financial results are on target with the Company's forecasts and is very optimistic about the Company's plan for another year of solid growth.
Complete financial statements (unaudited) with notes thereto are provided with the Company's Form 10Q filed with the Securities and Exchange Commission on this date.
www.smart-tekservices.com
About Smart-Tek Solutions, Inc:
The parent, Smart-Tek Solutions, Inc., generates revenue from its wholly owned subsidiary Smart-Tek Automated Services, Inc.
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.
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