June 14, 2012 at 16:01 PM EDT
SmartPros Acquires Certain Assets of Global Collaboration Partners LLC

HAWTHORNE, N.Y., June 14, 2012 (GLOBE NEWSWIRE) -- SmartPros Ltd. (Nasdaq:SPRO), a leader in the field of accredited professional education and corporate training, announced that it has purchased certain assets of online training company, Global Collaboration Partners LLC. The assets include more than 150 e-learning courses in the areas of environmental health, safety, human resources, and energy exploration markets, as well as certain intellectual property.

The courses consist of both off-the-shelf and customizable Web-based training courses that deploy on popular Learning Management Systems (LMS). By designing courses around measurable learning objectives that address regulatory requirements, they help customers meet the performance-based standards of employee training enforced by OSHA, EPA and DOT, along with other federal, state and local regulatory agencies. For more information on available products and services, visit www.GCPlearning.com. 

"These courses are a good fit for SmartPros," said Allen Greene, SmartPros Chairman and CEO. "It gives us the opportunity to integrate a substantial amount of content in our various divisions while also allowing us to explore new markets."

SmartPros will immediately begin integrating GCP content into its award-winning eCampus™ Learning Management System (LMS) and make it available through both annual subscriptions and individual course sales.

About SmartPros

Founded in 1981, SmartPros Ltd. is an industry leader in the field of accredited professional education and corporate training. Its products and services are primarily focused in the accredited professional areas of corporate accounting, financial management, public accounting, governmental and not-for-profit accounting, financial services, banking, engineering, legal, ethics and compliance, and information technology. SmartPros is a leading provider of professional education products to Fortune 500 companies, as well as the major firms and associations in each of its professional markets. SmartPros provides education and content publishing and development services in a variety of media including Web, CD-ROM, video and live seminars and events. Our subscription libraries feature hundreds of course titles and 2,300+ hours of accredited education. SmartPros' proprietary Professional Education Center (PEC) Learning Management System (LMS) offers enterprise distribution and administration of education content and information. In addition, SmartPros produces a popular news and information portal for accounting and finance professionals serving more than one million ads and distributing more than 200,000 subscriber email newsletters each month. SmartPros' network of Web sites averages more than 900,000 monthly visits, serving a user base of more than one million profiled members. Visit: www.smartpros.com

The SmartPros logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2586

SmartPros Safe Harbor Statement

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties, including activities, events or developments, that the Company expects, believes or anticipates will or may occur in the future. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission. Specifically, results reported within this press release should not be considered an indication of future performance.

CONTACT: Shane Gillispie - SmartPros Ltd.
         VP Marketing Services & eCommerce
         914-829-4974 shanegillispie@smartpros.com
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