| Title | Smart-tek Automated Services (STTN) | ||
| Country | United States |
Company Overview
about smart-tek automated services
Running your own business quickly becomes far more than the original idea that sparked the company.
Managing payroll, benefits administration and all the other people-related matters that build up to full blown human resources activities can create a huge drag on business activity, especially in small to mid-sized companies. In many cases, management gets so bogged down that the future of the business is threatened.
Smart-tek Automated Solutions is designed to be your management partner, following your strategic lead and supporting it with efficient handling of staff-related issues. Unlike a temp service, smart-tek delivers qualified, screened individuals to you and your clients, looking after all the aspects of human resources -- taking that entire issue off your desk.
We give you the gift of time. And, because we are so efficient in our use of advanced technology to manage employee and other matters, we save you money.
Smart-tek supports growth and development by becoming your administrative arm, starting with the human resource-related matters. These include payroll, vacation and holiday scheduling, workers' compensation claims, unemployment claims, garnishments, employee disputes and benefits administration, such as for medical and retirement.
investors
Smart-tek automated services is in the process of building its capitalization. Interested investors should contact Brian Bonar, CEO, for more information.
Investor Contact Information:
Brian Bonar
CEO
o:: 866.257.6675 ext.
e:: bbonar@smart-tekservices.com
For more information about this unique opportunity, please browse ourcompany philosophy, leadership profiles, and the PEO industry overview.
Share Structure as of 6/9/2011
STTN is
FREE LEVEL 2 => http://www.otcmarkets.com/stock/STTN/quote
Stock Symbol: STTN
CUSIP: 83172A204
Stock Exchange: OTCBB
Shares Outstanding:
Restricted Shares:
49,212,123 as of 6/17/2011
21,897,999 (Brian Bonar CEO)
3,000,000 (Naccarato Owen Director)
Public Float: 24,314,124
Avaliable Shares 500,000,000
Incorporation: NV in 1995
SEC Reporting Company: YES
CIK: 0000947011
Fiscal Year End: 12/31
VIEW REGULATORY FILINGS
Corporate Headquarters
Smart-tek Automated Services, Inc.
11838 Bernardo Plaza Court
Suite 240
San Diego, CA 92128
Phone: 866.257.6675
www.smart-tekservices.com
info@smart-tekservices.com
Company Officers
Brian Bonar CEO, CFO, Secretary
Normon Tipton IR
Company Directors
Brian Bonar Chairman
Owen Narrarato
Legal Counsel
Owen Naccarato
Naccarato & Associates
1100 Quail Street, Suite 100
Newport Beach, CA 92660
Transfer Agent
Corporate Stock Transfer Inc.
3200 Cherry Creek Drive South
Suite 4300
Denver, CO 80209
Auditor/Accountant
John Kinross-Kennedy
Certified Public Accountant
Irvine, California
October 10, 2009
overview & investor relations contact
Smart-tek Automated Services Inc. provides integrated and cost-effective management solutions in the area of human resources for public and private companies. These include, but are not limited to: payroll management, workers' compensation claims, unemployment claims and benefits administration.
We screen and qualify long-term employees for specific company needs, providing both our client companies and the employees with a secure relationship which flexibly adjusts to the needs of the company.
Started in early 2009 by smart-tek solutions inc, smart-tek automated services makes use of technologically advanced internet-based tools to rapidly deliver efficient administrative solutions.
Mangement
meet our management
Our organization is built to service your business. We have experts at every turn. We take pride in providing innovative solutions, consulting services, and peace of mind to the companies who need it most -- our clients. The smart-tek team should be viewed as an extension of your business; a perfectly integrated solution of brains and experience that does everything to guarantee success.
Need us at your annual strategic planning meeting?
We'll be there. . .
Brian Bonar - Chief Executive Officer
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 centre 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.
In May, 2009, he was appointed to the board of Smart-tek Solutions, Inc.
Kelly Mowrey - Chief Operating Officer
Mrs. Mowrey was appointed in July, 2009.
Prior to that, she was Vice President of Corporate Sales at Allegiant Professional Business Services, Inc since March 2008. Allegiant provides financial services to small and medium-size businesses, including payroll processing, human resources support and other administrative and aftermarket services predominantly related to staffing.
June 2005 - August 2007, Vice President of Sales at Dalrada Financial, a public company; DFCO; in the Human Resources industry. (2 years 3 months).
Mrs. Mowrey was educated at Stephens College 1995 - 1998, receiving a BA, Theatre and graduating Magna Cum Laude.
Outsourcing
outsourcing solutions that fit your business. . .
Is your company feeling the burden of administering a growing business? Are you poised to grow faster than your infastructure can support? As the business owner, are you utilizing time that could be better spent developing your client base?
At smart-tek, it is our business to support your growth. Our solutions can immediately provide you with a valuable return -- your time. Yes, we can save you bottom line dollars on worker's compensation, medical, retirement, and payroll administration costs. But we're really in the business of empowering you; allowing you to focus on -- your top priority -- your clients.
By partnering with smart-tek, you will have access to the resources and expertise you need, without the additional overhead. You can use your savings with us to further develop other core business functions.
Profile
In recent years the trend to outsourcing has led many organizations to seek new ways to remove costs and associated tasks from the company.
The Professional Employment Organization (PEO) business, also sometimes called the Business Employment Organization (BPO) is a direct result of that interest. Generically, it is an employee leasing operation. It acts as a third party, finding, qualifying and hiring employees which are then sent to work for client companies.
This solution to staffing matters works especially well for small and mid-sized companies. Unlike temporary employee providers, PEOs cater to the long-term or "permanent" employee needs of companies. They work closely with the client company to create a customized plan of action and service package.
Companies which need staff but do not want to handle human resources management are rapidly discovering this resource, which gives them a huge productivity boost through relief from both the time and trouble of handling staffing and related matters.
Smart-tek Stands to capitalize in a major way on the surging Professional Employment Organization (PEO) industry which is growing at 30% a year! Some experts are projecting that PEOs may eventually capture 50% of the US workforce!
Extensive explanations, examples, and other industry background can be found at www.peo.com and www.napeo.org.
Why PEO's companies are such a HUGE Opportunity
* The U.S. is currently ungoing rapid growth from outsourcing workers, which is BEING BOOSTED BY RECORD UNEMPLOYMENT. Even better, the need will rise even as recovery starts to happen because companies will be much more cautious this time around.
* Short-staff companies are willing to PAY THOUSANDS A YEAR PER EMPLOYEE for management of the nitty-gritty HR task lke payroll, tax administraration and workers' compensation insurance.
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 hold 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 $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.
Clients
clients speak
smart-tek services is a premiere Professional Employer Organization, with it's main headquarters located in San Diego, CA. smart-tek services focus is based on providing relief for business owners taxed with numerous and expensive employee based challenges.
smart-tek provides its clients with technologically advanced business services; Payroll, Workers' Compensation, Benefit and Financial Services. While providing new levels of protection for it's clients with; Human Resources, and a Safety and Risk Management Program.
These services are expertly blended to provide the business owner with the best methods available today to help manage their staff. The tools and resources available to clients will allow them to; focus on their business, save money, and have a quick response when situations arise.
Latest News
Smart-Tek Solutions, Inc. Enters Into a $5.5 Million Funding
Commitment Net Revenues Increased 21% (June 16, 2011)
Smart-Tek Solutions, Inc. Reports Revenue Increase of 68.6% over the Prior Year Period (May 23, 2011)
Smart-Tek Solutions, Inc. 2011 Q2 Increases Revenues 240 Percent vs. 2010 ( Feb 15, 2011)
Smart-Tek Solutions, Inc. Increases Revenues 240% vs. 2009 (05/17/10)
http://srph.it/bAshfP
Smart-Tek 'Goes Green' with High Tech Enrollment Solution (05/06/10)
http://srph.it/dgrLhq
Smart-Tek Solutions, Inc. Projects Gross Revenues of $10 Million for January & February 2010 ( 04/28/10)
http://srph.it/d3AH9D
Smart-Tek Expands Business Registration to 33 States (04/19/10)
http://srph.it/cuU4zx
SMART TEK SOLUTIONS INC SEC Filing: Proxy Statement (4/19/10)
http://www.dailyfinance.com/company/smart-tek-solutions-inc/sttn/nab/PROXY/10755888/html/sec-filings
Emerging Stock Report Initiates Independent Research Coverage on Smart-Tek Solutions, Inc. (04/14/10)
http://srph.it/aC0gkL
Smart-Tek Signs $30 Million Contract With National Staffing Firm ( 04/13/10)
http://srph.it/aYD7Yx
Smart-Tek Beats Analysts' Net Profit Projections by 10% for Q1 2010 (04/12/10)
http://srph.it/af2xxM
Smart-Tek Capitalizing on China Employment Boom (04/09/10)
http://srph.it/du57Np
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