Replies to post #25799 on Seaniemac International Ltd (fka BETS)

[Drugdoctor]

No they were not!

[DD-214]

did you see this, great new addition for TeleBlock...

"Do-Not-Call solution rolled out to Australia

US contact centre communications company NobelBiz Corporation will roll out Compliance Systems Corporation Do-Not-Call systems in Australia"

http://www.callcentres.net/CALLCENTRES/LIVE/me.get?site.sectionshow&CALL2885

[Drugdoctor]

How much REVENUE will COPI report for 4th quarter? The going rate for a teleblock screen is .005 per call, and there may have been 2 billion calls screened? You want to give us an estimate on that?

[Drugdoctor]

Thoughts on Australia, India, and Phillipines expansion?

[DD-214]

here's a nice one for ya, any idea how big Accella is..

http://www.accela-inc.com/

[Drugdoctor]

re "And, if I were a COPI long,...."

wishful thinking??

[Drugdoctor]

re"So, imsio, all of the Preferreds are already converted,
and the 550,000,000+ brand new shares are clocking down,
waiting to be unrestricted, and could start dumping by
June [or maybe earlier, who knows what it says in the deals]."

I believe this to be a 100% false statement!

[Drugdoctor]

Another false statement - "There is even no reason to not convert if the price of COPI
is below 0.01 , because the Preferreds pay no interest,"

One series of the preferreds does indeed pay interest, sir!

[wherearemikeys]

Again, I state. Why would anyone give them 2.5M in financing if they did not know for sure about the stock share structure?

Compliance Systems Corporation Completes $2.5M Financing
Wednesday January 2, 8:57 am ET
Part of proceeds used to retire Cornell Capital note
Company also exchanges $3.1M of debt into equity strengthening its capital structure


GLEN COVE, N.Y.--(BUSINESS WIRE)--Compliance Systems Corporation (OTCBB: COPI - News), a telecom service company focused on providing compliance technologies, methodologies, has completed a $2.5 million financing. In addition, debt holders exchanged $3.1 million in of Company debt into equity, resulting in a total increase in stockholders’ equity of 5.6 million.
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The Company raised $2.5 million by issuing Serial Preferred A shares at $1.00 each, and debt holders exchanged approximately $3.1 million of Company debt into shares of the Company’s Serial Preferred B and C Stock at $1.00 per share. Each preferred share is convertible into 100 restricted shares of the Company’s common stock.

This transaction enabled Compliance Systems to use approximately $1.1 million dollars to buy out from Cornell Capital-affiliated entities convertible debentures that has been previously detailed in regulatory financings. The remaining funds will be used for ongoing and future business development. Further agreement details can be found in the Form 8-K Compliance Systems filed with the Securities and Exchange Commission on December 31, 2007.

“This transaction marks a significant step for Compliance Systems as it evidences management’s commitment to improving the Company’s capital structure. While we acknowledge Cornell provided us initial funding assistance, this restructuring should greatly improve our balance sheet, while providing working capital to allow for the continued advancement of business strategy over the next few quarters,” stated Dean Garfinkel, President and CEO of Compliance Systems Corporation, Inc.

About Compliance Systems Corporation

Compliance Systems Corporation (http://www.callcompliance.com), located in Glen Cove, NY, is a developer of technology-based compliance solutions for the teleservices industry. The company’s primary proprietary product, TeleBlock Call Blocking System, automatically screens and blocks outbound calls against federal, state, and in-house do-not-call lists. Compliance Systems also offers a Regulatory Guide, an up-to-date, online compilation of state and federal telemarketing laws, as well as ongoing compliance auditing services.

For further information on TeleBlock®, visit www.teleblock.com; for more information on the Regulatory Guide, visit www.cci.regulatoryguide.com or call 888-674-6774. Call Compliance Inc. is a wholly owned subsidiary of Compliance Systems Corporation (COPI.BB).

[Drugdoctor]

This board of investors has expressed total support for the preferred share recapitalization, with it's 75% decrease in interest expenses, and the share price has responded with a 1000% rise... Your concerns are noted.