Seaniemac International Ltd (fka BETS)

[Geaux Fish]

Compliance Systems Corporation Announces a 16.9% Increased Revenues for Q1 2007


May 30, 2007 - 10:06 AM EST

Compliance Systems Corporation (OTC/BB: COPI) a provider of Do Not Call compliance solutions, announces the results of the quarter ended March 31, 2007.

Revenues for the three months ended March 31, 2007 were $362,408 compared to revenues for the corresponding period in 2006 of $310,142. This increase of $52,266 or 16.9% was principally attributable to increased revenues from VeriSign, our principal TeleBlock distributor. An increase of 49.6 million in call counts for our TeleBlock service increased the Company’s revenues by $132,354. The Company also generated additional revenue of $19,138 from other revenue sources including its online guides and VoIP services. Revenues from VoIP services provided by one our subsidiaries increased by 13%.

The Company’s net loss increased by $53,943, or 16.1%, to $388,318 in the 2007 quarter from $334,375 in the 2006 quarter. A non-recurring penalty of $45,653, constitutes 84.6% of the increased loss. Management is hopeful that future quarters of the current fiscal year will show similar types of improved operating results - particularly in increased revenue and reduced costs - however there can be no assurance in that regard.

Please refer to the company’s quarterly report on Form 10QSB for the quarter ended March 31, 2007 for more complete information on the company’s operations.

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