HAWTHORNE, N.Y., March 1, 2007 (PRIME NEWSWIRE) -- SmartPros Ltd. (AMEX:PED), a leader in the field of accredited professional education and corporate training, today announced that it has acquired the assets of The Selbst Group Inc. Founded in 1974 and based in White Plains, N.Y., The Selbst Group Inc. is a specialized consulting firm providing sales, sales management training, product training and marketing support programs for the financial services industry.
Allen Greene, SmartPros Chairman and CEO, stated, "The Selbst Group's training and consulting programs for financial services providers are a natural addition to SmartPros' offerings. Our established client base will benefit from the additional capability to augment their existing SmartPros' programs with live, on-site training. In addition to live training, The Selbst Group content can be ported into our online and video-based platforms for enterprise-wide delivery alongside our existing continuing education offerings."
The Selbst Group currently delivers training to organizations such as national and regional brokerage firms, banks, insurance companies, and product providers. Its client list includes major financial services organizations from every segment of the industry, with a strong international presence. Its programs are delivered via live presentation, group discussion, and role-play activities.
"SmartPros has a proven infrastructure for delivering quality continuing professional education in the financial services sector, a market segment that we've cultivated for over 30 years," said Stan Selbst, Founder and President of The Selbst Group. "Our programs and methodologies are a perfect fit for SmartPros' existing client base, and SmartPros' technology platforms will truly enhance the ability to deliver our proven programs for our existing clients."
The Selbst Group will move its headquarters to SmartPros' Hawthorne, N.Y., offices, and will integrate with SmartPros' current banking products. Stan Selbst will head the new division as SmartPros Vice President, Financial Services Training.
About SmartPros Ltd.
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 training, banking, engineering, legal, and ethics and compliance. 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 and video. Our subscription libraries feature hundreds of course titles and 1,800+ 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 sites averages more than 450,000 monthly visits, serving a user base of 350,000+ profiled members. Visit www.smartpros.com
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