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SmartPros Announces Alliance With LexisNexis

Hawthorne, N.Y., Aug. 27, 2012 (GLOBE NEWSWIRE) -- SmartPros Ltd. (Nasdaq:SPRO), a leader in the field of accredited professional education and corporate training, today announced that its SmartPros® Legal & Ethics Ltd. subsidiary has recently executed an alliance agreement with LexisNexis®, a division of Reed Elsevier, Inc., to provide on-demand Continuing Legal Education (CLE) solutions to professionals worldwide.

As part of the agreement, LexisNexis will use SmartPros® eCampus TM Learning Management System (LMS) as its core technology and content delivery platform for LexisNexis online CLE offerings. The new CLE packages are custom-designed to meet the specific practice needs of attorneys in the United States.

"The combination of Lexis content with SmartPros technology and CLE experience marks the start of a new generation of feature-rich, user-friendly education and training programs designed for the legal profession," said Allen Greene, Chairman and CEO of SmartPros. "We are pleased to be working with LexisNexis to build out a best-in-class continuing legal education and training solution to meet the needs of today's legal professionals."

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

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.

A file accompanying this release is available at: http://media.globenewswire.com/cache/4621/file/15214.jpg

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

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