New Pick for Monday: APRO!

llegiant Professional Business Services

Symbol: APRO

Current Price: $0.023

Snapshot - "APRO is a provider of financial services to small and medium-size businesses. We have noticed that APRO has begun to get discovered the past eight trading days. Within the past eight trading days APRO has seen $0.03 and could be ready to move back towards that price or even higher again! APRO's Board of Directors has authorized a repurchase of up to an aggregate of 15,000,000 shares of its common stock as market and business conditions warrant. We have also named APRO as our Stock of the Week as we believe we could see APRO have a nice move higher this week as this stock continues to show up on investor radar screens!"

APRO 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. The company not only provides core services but a wide selection of employee and employer benefits and aftermarket products.

Recently, on December 7th, APRO reported the progress of its previously announced common stock repurchase program.

The company's Board of Directors authorized repurchase of up to an aggregate of 15,000,000 shares of its common stock as market and business conditions warrant.

David Goldberg CEO and Chairman of Allegiant stated, "I am pleased to report that beginning October 14, 2009, pursuant to rule 10b-18, we began repurchasing our common stock. Repurchase, under the rule, restricts the amount of stock the company can repurchase based on volume formulas." Goldberg continued, "We believe the current valuation of Allegiant's common shares makes the repurchase of our equity a solid investment for the company and are committed to continuing the program. Mr. Goldberg added, "Our business is continuing to grow at an outstanding run rate. We estimate annual payroll runs upwards of Ninety Million Dollars ($90,000,000.00) for year ending December 2009. We will continue to aggressively seek strategic acquisitions to further grow the business".

We believe we are discovering APRO at the right point in its chart and at a point in their business where we could see APRO make a nice move forward!