CORTE MADERA, Calif., Nov. 29, 2005 (PRIMEZONE) -- Smart-tek Solutions, Inc. (OTCBB:STTK) announced today that its operating subsidiary Smart-tek Communications, Inc. ("SCI") has been awarded the security, access control and enterphone systems for the YALETOWN PARK project. The value of the contract is in excess of $300,000.00.
The YALETOWN PARK project consists of 3 thirty-story high-rise buildings consisting of 735 units. The $200 million project is one of Vancouver's largest residential projects currently underway in the downtown core.
Perry Law, President of SCI, commented, "We are very pleased to have been awarded this contract and expect to complete this project on time and on budget."
SCI is supplying and installing the integrated proximity access control, elevator access control, intercom and digital CCTV system to the YALETOWN PARK project.
The project is owned and developed by Yaletown Park Condominium Properties Ltd., a major international developer with a significant presence in North America whose principals have developed many significant projects including Electric Avenue, The Canadian, Wall Centre Suites and The Sheraton Wall Centre.
Complete details of the YALETOWN PARK project can be viewed at http://www.yaletownpark.com.
SCI, in business since 1997, is a market leader in integrated security, voice and data communication systems and specializing in the design, sale, installation and service of CCTV, access control, intercom and communication systems. SCI provides seamless integration of the latest in security technology with proven electronic hardware and software products. SCI has positioned itself as a leading security and low voltage systems provider in the Greater Vancouver area, currently supplying over 45% of new construction projects in the downtown core alone.
SCI clients include 911 emergency call centers, municipal and federal law enforcement agencies, municipalities, utilities, airports, property developers and general contractors both national and international.
More information about Smart-tek Solutions, Inc. can be found at http://www.smart-teksolutions.com.
More information about SCI can be found at http://www.smart-tek.com.
About Smart-tek Solutions, Inc.
Smart-tek Solutions, Inc. is a technology holding company in the security and surveillance sector providing turnkey state-of-the-art systems design and installation through its wholly owned subsidiary, Smart-tek Communications, Inc. Smart-tek Communications, Inc. is the company's initial acquisition in this sector and is appropriately positioned to pursue additional acquisitions in order to restore and enhance shareholder value.
Smart-tek Communications, Inc. is a market leader in integrated security, voice and data communication systems. Located in Richmond, British Columbia, SCI specializes in the design, sale, installation and service of the latest in security technology with proven electronic hardware and software products. SCI has positioned itself as a security systems leader in the Greater Vancouver area, supplying over 45% of new downtown core construction projects. Valued customers include major developers, general and electrical contractors, hospitals, Crown Corporations, law enforcement agencies and retail facilities. Projects range from high-end residential and commercial developments to system upgrades and monitoring contracts. SCI's continued growth and success is a direct result of providing a consistently superior product at competitive pricing to both new and existing clients. SCI's stellar client retention is in itself a testimonial to the overall excellence of the product designed and installed.
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company's business which are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. Readers are directed to the Smart-tek Solutions reports as filed with the U.S. Securities and Exchange Commission from time to time, including but not limited to its most recent annual report on Form 10-KSB for the year ended June 30, 2005, and its most recent quarterly report on Form 10-QSB for the period ending September 30, 2005, for further information and factors that may affect Smart-tek Solutions business and results of operations. Smart-tek Solutions, Inc. undertakes no obligations to publicly update any forward-looking statements to reflect future events or circumstances.