SmartPros Promotes key employees at corporate and subsidiary levEL

HAWTHORNE, NY - January 21, 2014- SmartPros Ltd. (Nasdaq:SPRO), a leader in the field of accredited professional education and corporate training, today announced that it has formally promoted John Fleming, previously the president of SmartPros' Loscalzo Associates subsidiary, to the new role of Executive Vice President of SmartPros Ltd. In addition, SmartPros has promoted Stacey Painter (nee Tedeschi) to President of Loscalzo Associates. Ms. Painter was previously the Executive Vice President of Loscalzo Associates. Also, Mike Fowler, SmartPros' Senior Vice President of Business Development has been promoted to Executive Vice President of Business Development, as he continues to lead SmartPros business development teams and Co-lead Smartpros Financial Campus division.

"SmartPros is pleased to announce the promotions of three of our key employees at both the corporate and the subsidiary levels," said Allen Greene, CEO and Chairman of SmartPros Ltd. "We are honored that John Fleming, a proven industry leader in the world of accounting and financial training, will be joining us at the corporate level where he can have more impact across all of our divisions and subsidiaries. John will remain on Loscalzo's Board of Directors, and will also continue to provide support to its operations. John's responsibilities will include managing the SmartPros Advantage (SPA) self-study library, supporting Loscalzo's technical production process, and continue to deliver CPE programs to Loscalzo clients in 2014."

About Ms. Painter, Greene said: "In addition, we are privileged to have Stacey Painter take over our Loscalzo Associates Subsidiary. She has a proven track record with Loscalzo and our clients, as well as a impressive resume before joining the SmartPros family. Stacey has been a perfect fit for Loscalzo and we look forward to her leadership in furthering Loscalzo's long-proven legacy as an industry leading training company. Stacey's new responsibilities will include operational management, program development, client relationships, and business growth with Loscalzo as well as the delivery of CPE programs to Loscalzo clients each year in the future.  Stacey will also be providing continuing expertise to a number of SmartPros business initiatives."

About Mr. Fowler, Greene said: "We are also pleased to announce the promotion of Mike Fowler to Executive Vice President of Business Development for SmartPros Ltd., and he will also continue as the Co-lead of our Financial Campus division. Mike has done an admiral job in growing his areas of business, and we look forward to his contributions at both the executive level, and with our Financial Campus division which he co-leads with Jay Gregory, Vice President, Operations. Mike's responsibilities will include his continuing leadership of our field sales and inside sales organizations and collaborating across our divisions and subsidiaries to deliver a broader range of our solutions to an expanded customer base."

Profiles:

John M. Fleming, CPA, MBA
Executive Vice President, SmartPros Ltd.
Mr. Fleming, came to SmartPros Ltd. when SmartPros acquired the assets of its Loscalzo Associates subsidiary in 2008.  Most recently, he was the president of Loscalzo Associates, after spending 22 years with Loscalzo as its Director of Accounting and Auditing. John has been a frequent presenter on accounting and auditing topics in SmartPros monthly video series CPA Report. John is a graduate of LaSalle and Drexel Universities with degrees in accounting and finance. His practice experience includes audit, tax, consulting, office management, and human resource responsibilities with Deloitte LLP, Richard Eisner & Company LLP, and Ernst & Young LLP. Mr Fleming, a Pennsylvania CPA, served as the President of the Greater Philadelphia Chapter of the Pennsylvania Institute of Certified Public Accountants (PICPA) and currently serves as a member of the Institute's Accounting and Auditing Technical Committee as well as co-chair of the Philadelphia Chapter's International Financial Reporting Committee. He has also served as the President of the American Accounting Association's Mid-Atlantic Region.

Stacey Painter (nee Tedeschi), CPA
President, Loscalzo Associates Ltd. Subsidiary
 Stacey has over 20 years of experience in both the public and private accounting industries.  She has been providing technical training to audiences across the country on subjects ranging from International Financial Reporting Standards (IFRS) and related FASB/IASB joint projects, to regulatory reform and the Dodd-Frank act.  Her passion, enthusiasm, energy and the ability to speak to all levels of professionals has made her a sought after speaker. Before pursuing her passion for training and development full time, Stacey spent 14 years with Resources Global Professionals.  Most recently Stacey was the Managing Director of Accounting and Finance Services working with the firms US offices in developing go to market strategies around accounting initiatives, as well as providing technical training on site at clients around the country. Prior to joining Resources, Stacey was the Corporate Controller of a publicly traded manufacturer of golf equipment - Square Two Golf.   In this capacity she was responsible for all aspects of accounting, financial reporting (SEC), planning and budgeting as well as Human Resources and Internal Control.  Ms. Painter  began her career and spent 6 years at Deloitte & Touche specializing in middle market manufacturing.  She received her Bachelor's degree in Accounting from Pace University in New York.

Mike Fowler
Executive Vice President, Business Development, SmartPros Ltd.
Co-lead Financial Campus Division
Mr. Fowler leads field sales and business development efforts for the SmartPros. Mike has 29 years of business development, organizational development, marketing and strategy positions in environments that range from Fortune 500 organizations to software and Internet startups. His experience includes 15 years in a number of sales, sales management, and organizational development roles at McGraw-Hill Corporation where he was involved in helping to launch some of their most successful digital products and businesses. More recently he has held sales, marketing, and strategy positions at Kaplan, Thomson, and SkillSoft before joining SmartPros.

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

About Loscalzo Associates
Loscalzo Associates, Ltd, a subsidiary of SmartPros Ltd. since 2008, has been one of the premiere providers of LIVE CPE programs servicing the accounting profession for over 30 years. Loscalzo's clients include State CPA Societies and Associations, regional to small public accounting firms, businesses both large and small, and individual CPAs throughout the United States. They offer over 650 CPE programs a year throughout the United States - either jointly sponsored with a state CPA society or in-house.

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.

For More Information, Please Contact:
SmartPros Ltd.
Shane Gillispie
VP Marketing Services & eCommerce
914-829-4974
shanegillispie@smartpros.com

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