July 19, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Smart-Tek Automated Services, Inc. (OTCBB: STTN) said it has signed an agreement with a strategic partner under which the partner will commit to producing $20 million in annual payroll revenue. Kelly Mowrey, COO of the company, said, "Our new partner is bringing significant experience and client base to our PEO business.”

Mowry said the agreement will promote and market Smart-Tek’s business and services to prospective business customers on a nationwide basis.

California-based 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 posted $3.3 million and $3.8 million of revenue in 2009 and 2008 respectively, and $0 and  loss of earnings in 2009 and 2008 respectively.

Smart-Tek Automated Services provides financial services to small and medium-size businesses, covering tasks 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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