Executive Enterprise Institute (a Division of SmartPros Ltd.) Announces a Collaboration with Compliance Technologies International and Burt, Staples & Maner


24th Annual Tax Withholding and Information Reporting Conference
to be held in Washington, D.C, on October 19-21, 2009

FOR IMMEDIATE RELEASE -- HAWTHORNE, N.Y. – July 28, 2009 -- Executive Enterprise Institute (EEI), a division of SmartPros Ltd. (Nasdaq:SPRO), and Compliance Technologies International, LLP (CTI), along with Burt, Staples & Maner, LLP (BSM), are joining forces to produce the 24th Annual Tax Withholding and Information Reporting Conference to be held in Washington, D.C, on October 19-21, 2009, as well as other upcoming conferences and professional educational services in the tax withholding and information reporting arena.

EEI is a nationally recognized leader in the field of accredited professional education and corporate training, with specialties in corporate finance, accounting and taxation. CTI is a global leader in tax withholding services providing consulting, outsourcing services and technology solutions for tax withholding obligations of all types of organizations making cross-border payments. BSM is the preeminent leader in matters related to IRS Section 1441 international tax law, and provides legal advice and guidance to CTI and CTI’s clients with respect to its products.

The Tax Withholding and Information Reporting Conference, and the related Annual Forum on International Tax Withholding and Information Reporting, have each been held by EEI annually for over two decades. This popular conference brings together top experts in the field to provide the most current information on regulatory requirements, best practices and practical ways to ensure compliance with complex IRS documentation, withholding and reporting rules, both domestic and foreign. CTI and BSM bring a depth of tax, legal, technical, operational and systems expertise in the relevant tax withholding areas.

"We believe adding the level of expertise that CTI and BSM offers will complement our team and enhance the overall content of the conference," said Glenn Shapiro, President of EEI.

About EEI
Founded in 1971, Executive Enterprise Institute (EEI) is a leading provider of live conferences and seminars for corporate finance, tax and legal industry professionals. EEI's live events present practical in-depth solutions from leading experts covering compliance challenges and best practices, and are designed to meet accredited continuing education requirements. EEI is a division of SmartPros Ltd. (Nasdaq:SPRO). Visit: www.eeiconferences.com

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 focused in the accredited professional areas of corporate accounting, financial management, public accounting, governmental and not-for-profit accounting, financial services, insurance, banking, engineering, legal, ethics and compliance, and information technology. SmartPros is a leading provider of professional education products and services to Fortune 500 companies, as well as the major firms and associations in each of its professional markets. SmartPros delivers its products and services in a variety of media, including online, DVD video, and live training and event services. Our combined subscription libraries feature thousands of accredited course titles. SmartPros also provides news services through its Web sites, distributing more than 200,000 subscriber email newsletters and serving more than 1 million advertising impressions each month. SmartPros' network of sites averages more than 900,000 monthly visits, serving a user base of 1 million+ profiled members.
Visit: www.smartpros.com

About CTI
CTI's software and services have been used in multi-national corporations and seven of the ten largest financial institutions in the world since 1998. CTI has a strong team of highly specialized and experienced international and domestic tax professionals, including: lawyers, accountants, software engineers and operation experts. CTI's team is a leader in cutting edge global tax technology; consulting and outsourcing services specializing in information return reporting and tax withholding. Years of practice have contributed to their long standing and solid relationships with worldwide financial institutions, multi-national corporations, tax authorities and governments.

About BSM
BSM is an international law firm with offices in Washington, D.C. and London specializing in every aspect of U.S. and international taxation of foreign and U.S. corporations and high net worth individuals. The Firm's specialty is international tax, and its partners and associates bring to these practice areas their government and inter-governmental experience of tax policy, administration and litigation acquired at the U.S. Treasury, I.R.S., Tax Court, U.S. Department of Justice and the Organization for Economic Cooperation and Development, as well as formal and informal work with and for tax authorities in the U.S., Europe (especially the UK and Ireland) and Asia. BSM’s team brings its practical business, tax and litigation experience acquired over many years in private practice and in the Financial Service Industry. The Firm’s clients include some of the world’s largest U.S. and European industrial companies and financial institutions as well as foreign governments.

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 particular, the Company cannot make any assurances that any existing projects will generate revenues or be profitable or that any prospective projects that it is currently pursuing will lead to definitive agreements. 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.