GLEN COVE, N.Y., March 1, 2010 (GLOBE NEWSWIRE) -- Compliance Systems Corporation (OTCBB:COPI) announced it has retained the services of Atlanta Capital Partners, LLC as its investor relations firm. Atlanta Capital Partners helps public companies, private companies and venture capital firms communicate with Wall Street, investors and the media.
"We are pleased to retain a firm the caliber of Atlanta Capital Partners," said Barry Brookstein, Chief Financial Officer and a director of Compliance Systems Corporation. "We expect many exciting opportunities for both our Company and our shareholders. We anticipate that Atlanta Capital Partners will play an integral role in ensuring we reach the investment community with our message."
Dean Garfinkel, Chairman of the Board and Chief Executive Officer of Compliance Systems Corporation, stated, "We are aggressively seeking additional ways to expand our business by pursuing acquisitions which we anticipate will provide value added services to our existing and future customers. We are confident the time is right to generate awareness of our company within the investment community and convey our strategy for anticipated growth. We believe that Atlanta Capital Partners is well qualified to help us deliver our message and expand our shareholder base."
David Kugelman, President and CEO of Atlanta Capital Partners, LLC, said, "We are both excited and enthusiastic about Compliance Systems Corporation and its potential for future strategic business development, along with M&A activity, which will be led by Dean Garfinkel and Barry Brookstein." Mr. Kugelman went on to say, "In my opinion, Compliance Systems Corporation's recent acquisition of Execuserve Corp. has positioned the company for growth, as well as offering upside potential for shareholders."
In connection with our twelve month retention of Atlanta Capital Partners we issued 3,000,000 common shares and agreed to pay $3,000 per quarter.
About Atlanta Capital Partners, LLC
Atlanta Capital Partners, LLC helps leading public companies, private companies and venture capital firms communicate with Wall Street, investors and the media. Drawing on its carefully built relationships with retail brokerage firms, investment bankers, analysts, fund managers, and independent investors, Atlanta Capital Partners, LLC takes a unique approach to investor relations by being a shareholder.
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. Call Compliance Inc. (www.callcompliance.com) is a developer of technology-based compliance solutions for the teleservices industry. Its prime focus is ensuring compliance with "Do-Not-Call" laws through its patented product, TeleBlock®. The company sells to corporate companies and businesses across a wide-range of industries and sectors.
Execuserve Corp. (www.execuservecorp.com), which was acquired by Compliance Systems Corporation in February 2010, was formed in 2004 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. It is this depth of experience that provided the basis for Hire-Intelligence, a revolutionary online behavioral assessment tool.
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.