NEWPORT BEACH, Calif., Jan. 5 /PRNewswire-FirstCall/ -- Smart-Tek Automated Services Inc., a subsidiary of Smart-Tek Solutions Inc. (OTC Bulletin Board : STTN) has opened an office in Los Angeles based in the China Mart facility.
China Mart Investment Group, Inc., a company that facilitates the entry into the US marketplace of China-based organizations, offers decades of business experience in the U.S. and China for product exhibition, product tryout and commercial space. Its webpage is chinamartusa.com.
"Smart-Tek, as a preferred China Mart vendor, is eager to bring its staffing, payroll and HR services to this expanding market," Kelly Mowrey, COO of Smart-Tek Automated Services Inc., said. "China Mart, which is located near LAX, provides us with that opportunity. Based on the projections we received from China Mart, Smart-Tek is positioned to add as many as 50 new client companies."
Mowrey explained that the China Mart deal will provide Smart-Tek with a vertical market in the greater Los Angeles Chinese client base. "Smart-Tek provides business process outsourcing to help ensure these emerging clients are compliant with employment-related U.S. requirements, such as FSLA and workers compensations insurance."
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.
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the year ended Sept. 30, 2007, and its subsequent filings with the SEC.
SOURCE Smart-Tek Automated Services Inc.