updated 2/24/2011 4:45:19 AM ET 2011-02-24T09:45:19

HAWTHORNE, N.Y., Feb. 23, 2011 (GLOBE NEWSWIRE) -- SmartPros Ltd. (Nasdaq:SPRO), a leader in the field of accredited professional education and corporate training, today announced that it has acquired the rights and intellectual property for Bruce Pounder's popular "This Week in Accounting" Webinar series and "Professional Ethics and Conduct for North Carolina CPAs" Webinar course. In addition, Bruce Pounder will join SmartPros as Vice President, Accounting Programs. He will continue to produce "This Week in Accounting" and further develop new Webinar-based continuing professional education (CPE) programs for the company.

"We are extremely pleased to have Bruce Pounder join our team to assist us in growing the Webinar CPE market," said Jack Fingerhut, SmartPros Ltd. President. "'This Week in Accounting' is a best-in-class Webinar series and we are proud to add it to our current line of accounting and finance CPE subscription options. We know our clients will find the content very timely and a great addition to our offerings."

"This Week in Accounting" is a series of one-hour Webinars presented live every Wednesday by Mr. Pounder. The Webinars enable CPAs to earn CPE credit while staying on top of developments that affect their employers and clients. "This Week in Accounting" addresses topics of significance to accounting professionals such as: changes in U.S. GAAP; the convergence of U.S. GAAP with International Financial Reporting Standards (IFRS); financial accounting and reporting controversies; and the latest news about the profession's "movers and shakers."

Mr. Pounder's areas of expertise include corporate financial reporting, the global convergence of financial reporting standards, and ethics in the accounting profession. He is both a certified financial manager (CFM) and a certified management accountant (CMA). Since founding his own company in 1988, Mr. Pounder has presented accounting seminars, conference sessions, and webinars to thousands of professionals around the world.

Mr. Pounder is the author of the 2011 U.S. Master GAAP Guide (CCH) and the Convergence Guidebook for Corporate Financial Reporting (Wiley). He also writes a monthly column for CFO.com, the monthly "Financial Reporting" column for Strategic Finance magazine and occasional articles for online and print publications such as the Journal of Accountancy.

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

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: SmartPros Ltd.
         Shane Gillispie
         VP Marketing Services & eCommerce

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