HAWTHORNE, N.Y., June 11, 2012 (GLOBE NEWSWIRE) -- SmartPros Ltd. (Nasdaq:SPRO), a leader in the field of accredited professional education and corporate training, announces that one of the securities industry's leading broker-dealers has selected SmartPros to support their branch audit needs with an automated branch audit and tracking solution to support the thousands of branch exams conducted by their audit staff and branch management every year.
Broker-dealers are challenged to find ways to efficiently manage the scope of activity and detail associated with conducting examinations of their branch operations. SmartPros' audit solution is being developed to address the full scope of a broker-dealer's audit planning, interview and remediation process. As a result, this system provides a single automated interface supporting and tracking the spectrum of branch audit activity for their audit staff, as well as branch managers who need to interface with the process.
"This partnership validates our focus on providing adapted solutions to our customers," says Mike Fowler, SmartPros' Senior Vice President. "We feel it's our job to adapt our solutions and technologies to the specific needs of our customers, not the other way around. We find that in working with customers toward that goal we end up with solutions that are better than either of our organizations may have come up with individually."
"SmartPros has assembled an industry-leading combination of securities, insurance and banking content that works in combination with our world-class learning platform and regulatory support tools," said Allen Greene, SmartPros' Chairman and CEO. "As proud as we are of our content and technologies that address the highly regulated markets we serve, it's the depth of experience and consultative approach our staff takes toward serving our customers that makes SmartPros an invaluable business partner."
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
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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.