FOR IMMEDIATE RELEASE -- HAWTHORNE, N.Y. -- Nov. 22, 2004 -- SmartPros Ltd. (AMEX: PED, PED.WS), a leading developer of accredited continuing professional education, announced that, effective today, Nov. 22, 2004, its common stock and warrants began trading as separate securities on the American Stock Exchange under the symbols, PED and PED.W S, respectively. The units sold by SmartPros in its initial public offering, previously traded under the symbol PED.U, ceased trading as of the close of the markets Friday, Nov. 19, 2004.

About SmartPros Ltd
Founded 1981, SmartPros Ltd. is an industry leader in the field of accredited professional education. 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, ethics and compliance, and engineering. SmartPros' customers include over half of 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 1,000+ 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 that services 300,000+ visitors and 100,000+ subscribers per month. Visit: www.smartpros.com

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause our actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. 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

Visit SmartPros' Investor Relations section for additional information.


For more information, please contact:
Shane Gillispie
Vice President, Marketing and eCommerce
253-863-8280
shanegillispie@smartpros.com