The profit will result from a 75% increase in confirmed business compared to the first six months of 2009. If Smyle achieves the profit, it will help the firm hit its target of £1m net profit by 2015.
Smyle has so far secured £2.7m of projects for delivery in 2010; its total sales for 2009 were £3.5m, including a small profit.
"In previous years since the merger in 2007, we have done a lot of work but margins were squeezed," explained Stainton. "We have now gained critical mass, where increasing business is signiificantly translating to the bottom line."
Stainton is forecasting a total of at least £4.5m of projects by the end of 2010 and has already taken on four new staff this year to manage the increased work.
A new event manager joined Smyle yesterday (1 July) and a further four or five will be recruited by the beginning of 2011, Stainton told C&IT.
New projects include client wins in the telecoms, leisure, media, automotive and charity sectors.
It has also been added to the global events roster for an international IT firm, with the first event being held in the Far East.
Stainton said: "It is a very poignant piece of news in that we are starting to go global."