GLEN COVE, N.Y., July 22, 2010 (GLOBE NEWSWIRE) -- Compliance Systems Corporation ("CSC") (OTCBB:COPI ) announced today it has successfully completed the acquisition of the eLearn Now Learning Management System ("LMS"). The eLearn Now LMS provides online learning tools which empower users to adapt to continuous change by aligning employee learning to business goals. The recently acquired eLearn Now LMS will be consolidated under CSC's Execuserve Corp. ("Execuserve") subsidiary and provide yet another product Compliance Systems Corporation can offer its customers as it expands the depth of its offerings.
Currently, CSC's Call Compliance Inc. subsidiary provides call center customers with instant updates for complying with Do-Not-Call regulations via it's patented TeleBlock platform. Recently acquired Execuserve brings additional products and services for the call center market, as well as moving Compliance Systems Corporation into new markets with its "new hire" software program which conducts adaptive, customized assessments of prospective job seekers. The company believes the eLearn Now LMS, combined with the other Execuserve products and services, will expand Compliance Services Corporation's offerings further into the workforce management industry by accommodating enterprise-wide learning support to an unlimited number of learners, as well as providing detailed training to specific departments or small groups.
Dean Garfinkel, Chairman and CEO of Compliance Systems Corporation, said "We anticipate that the acquisition of the eLearn Now Learning Management System will be another step in our strategy of becoming a leading provider of workforce management solutions." Garfinkel went on to say, "Our installed base of customers in the call center industry provides access to one of the largest employment bases in the United States to which we believe we can target our Execuserve products and services."
"The eLearn Now Learning Management System will provide the foundation for our customers to build and deploy courses while tracking the progress of employees," said Jim Robinson, CEO and President of Execuserve. "We believe it enables organizations to effectively deliver, manage, and measure elearning via a web-based system. We also believe the eLearn Now LMS is a natural fit with our Hire-Intelligence job candidate assessment and Video-View online interview tool, helping to round out Execuserve's workforce management offerings."
About Compliance Systems Corporation (OTCBB:COPI)
Compliance Systems Corporation is a software solutions provider and the parent company of Call Compliance Inc. and Execuserve Corp.
About Call Compliance Inc.
Headquartered in New York, Call Compliance is a developer of technology-based compliance solutions for the teleservices industry. Its focus is ensuring compliance with "Do-Not-Call" laws through its patented product, TeleBlock. The company markets its products to corporate businesses across a wide-range of verticals. More information on Call Compliance is available at http://www.callcompliance.com.
About Execuserve Corp.
Headquartered in Virginia, Execuserve was founded in 1987 as a search/services firm dedicated to helping clients increase revenue and decrease attrition by making smart hiring decisions. From the start, Execuserve differentiated itself from other search firms by using a detailed process model, along with profiling and reporting tools to evaluate candidates and employees from a behavioral perspective. More information on Execuserve Corp. is available at http://www.execuservecorp.com.
Forward-Looking Statements
The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.