Smart-Tek Capitalizing on China Employment Boom

NEWPORT BEACH, Calif., April 9 /PRNewswire-FirstCall/ -- Smart-Tek Solutions, Inc. (OTC Bulletin Board: STTN) plans to capitalize on the booming China market with dedicated operations located in Hong Kong. Leveraging its partnership with ChinaMart USA, Smart-Tek China will offer its professional employment organization (PEO) services to Chinese companies as well as multinational companies requiring expertise in human resources, payroll and staffing for their international ventures.

As it expands into the world's #1 economy over the coming decade, China represents an unprecedented opportunity for Smart-Tek's PEO services based on a wide range of demographic and economic factors:

• China has grown its GDP by 8.7 percent—to $4.9 trillion—in 2009, despite recessionary conditions throughout much of the developed world.
• China's total world trade, including imports and exports was $2.2 trillion in 2009.
• The Chinese labor force is in excess of 800 million people—about five times the number of workers in the U.S.—according to recent estimates.
• About 96 percent of Fortune 500 companies have invested in China operations in the past 30 years.
• Large multinational corporations with subsidiaries in China and China-based companies both require regulatory and compliance expertise as they expand within China and into the U.S.

"We are very excited to expand our presence to serve the needs of international companies," said Brian Bonar, Chairman & CEO of Smart-Tek. "Our goal is to offer a single-source HR and payroll solution platform across multiple countries for multinational companies. Our new Hong Kong office provides the perfect platform into one of the most important economic markets in the world."

Smart-Tek China is located at 1301 Bank of America Tower, 12 Harcourt Road, Central, Hong Kong.

Please visit www.smart-tekservices.com for further information.

About Smart-Tek Solutions, Inc.:

The parent, Smart-Tek Solutions, Inc., generates revenue from the installation of security systems in construction projects. Its board is currently in negotiations to sell its original business and focus entirely on the PEO business of its wholly owned subsidiary, in order to achieve the best value for its shareholders.  The original business generated $3.3 and $3.8 million of revenue in 2009 and 2008 respectively, and $0 and ($3.1) loss of earnings in 2009 and 2008 respectively.

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.

Safe Harbor:

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 and marketing arrangements and plans. Estimated revenues from its Smart-Tek Solutions, Inc. subsidiary are somewhat subjective and based on information available to the Company at the time of the determination. Also, 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, the continued growth of business as planned including the fruition of new agreements in hand, existing business staying intact, and 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 potential 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, including its annual report on Form 10-K for the year ended , and its subsequent filings with the SEC.

SOURCE Smart-Tek Solutions, Inc.