March 10, 2010 (FinancialWire) — Smart-Tek Solutions, Inc.’s (OTCBB: STTN) Smart-Tek Automated Services, Inc. subsidiary said it has secured several contracts, which will add $25 million in additional gross billings in 2010.

The company said the contracts will yield gross reportable revenue in excess of $4 million, subject to any adverse market changes. The revenue is attributed to the sales efforts of its newly opened Missouri office.

Smart-Tek said that a “small portion” of this $25 million will be realized in the quarter ending March 2010, with the majority of this revenue seen in the upcoming quarters in 2010.

Smart-Tek Solutions 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.

The original business generated $3.3 and $3.8 million of revenue in 2009 and 2008 respectively, and $0 and loss of earnings in 2009 and 2008 respectively, according to Smart-Tek.

Smart-Tek Automated Services provides financial services to small and medium-size businesses, in areas 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.

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