Heli Electronics Corp. (OTCBB: HELI) reached up 25% in morning trading to $.0625 with 2M shares traded. Heli Electronics Corp. is the primary marketing, promotion, logistics, and after-sales service agency of audio and visual (AV) products for Haier Group, a world leader in electronics and electrical appliances. Its products include speakers, multimedia stereo systems, and home theatres, among other types of AV products. The company seeks to establish a broad network in China to provide comprehensive after-sales service, brand establishment, brand promotion, distribution, and logistics management of a wide array of electronics and electrical appliances. Backed by Haiers strong brand presence and an abundance of sales channels throughout Mainland China, HELI has grown immensely since its inception in March 2008. Heli Electronics Corp. (OTCBB:HELI) has released its third quarter 2010 financial results. The Company reported revenue of $32,066,034 for the three months ended September 30, 2010. This is a 301.4% or $24,078,201 increase over its Q3 2009 revenue of $7,987,833. For the nine months ended September 30, 2010, Heli reported revenue of $75,759,613, an increase of $53,748,480, 244.2% over the prior years first nine months.
Smart-Tek Solutions, Inc. (OTCBB: STTN) reached up 21.82% in morning trading to $.067 with 650K shares traded. Smart-Tek Solutions, Inc. generates revenue from the installation of security systems in construction projects. Smart-Tek Automated Services, Inc. provides financial services to small and medium-size businesses, relieving their 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. Smart-Tek Automated Services, Inc., (OTC Bulletin Board: STTN.ob - News) Reports Sales Increase of 189.7%. During the three month period ended September, 2010, Smart-Tek had net revenues of $5.3 million versus $1.8 million the same period prior year. Smart-Tek also reported net income of $613,962 as compared to a net loss of $(164,600) during the comparative period in 2009. The business of their subsidiary, Smart-Tek Automated Services, Inc. accounted for $695,000 of the net income offset by the core business having a loss of $73,000 and corporate expenses of $6,500. Smart-Tek Automated Services, Inc. also accounted for 87.9% of their total revenues during the period.
LECG Corporation (NASDAQ: XPRT) reached up 17.45% in morning trading to $.9889 with 100K shares traded. LECG is a global litigation; economics; consulting and business advisory; and governance, assurance, and tax expert services firm with approximately 1,200 employees in 33 offices. They provide independent expert testimony, original authoritative studies, strategic financial advisory services, and innovative business consulting solutions. Attest services are provided through Smart and Associates, LLP, pursuant to an alternative practice structure. LECG is not a licensed CPA firm. LECG (NASDAQ:XPRT - News) today announced an affiliate relationship to provide a broader and deeper scope of services to the burgeoning financial services industry. The two firms formalized their relationship, which has been developing over the past two years, and already has resulted in new client engagements in financial services consulting and litigation matters.
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