SmartPros to Trade On the NASDAQ Stock Market
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HAWTHORNE, N.Y., April 10, 2008 (PRIME NEWSWIRE) -- SmartPros Ltd. (AMEX:PED), a
leader in the field of accredited professional education and corporate training,
announced today that its publicly traded common shares and warrants have been
approved for listing on the NASDAQ Capital Market subject to it continuing to
satisfy the minimum bid price requirement of $4.00 per share for initial
listing. The Company's securities will continue to trade on the American Stock
Exchange until the close of the market on April 21, 2008. Trading of the
Company's common shares and warrants will commence on the NASDAQ Capital Market
on April 22, 2008, under the new symbols "SPRO" and "SPROW," respectively.
Allen Greene, Chairman and CEO of SmartPros, stated: "We are excited to have
been approved for listing on the NASDAQ Capital Market. We believe that this
change will provide our shares with improved liquidity and more exposure to
institutional investors through NASDAQ's electronic multiple market maker
system."
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, 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 and video. 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 sites averages more than 450,000 monthly visits, serving a
user base of 500,000+ profiled members. Visit: www.smartpros.com
The SmartPros logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=2586
Safe Harbor Statement
Statements in this press release that are not statements of historical or
current fact constitute "forward-looking statements.'' Results reported within
this press release should not be considered an indication of future performance.
Except for any historical information, the matters discussed in this press
release contain 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 our filings with Securities and Exchange
Commission
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CONTACT: SmartPros Ltd.
Shane Gillispie, Vice President, Marketing and eCommerce
914-752-4401
shanegillispie@smartpros.com
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