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03.12.2009 13:30

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Execuserve Corp. to be Acquired by Compliance Systems Corporation

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Execuserve Corp., a privately held company, announced today that it is currently negotiating a definitive acquisition agreement with Compliance Systems Corporation (OTCBB: COPI). Presently, in place is a signed Memorandum of Understanding under which Execuserve would become a wholly owned subsidiary. The two companies already have an exclusive licensing agreement for COPI to distribute Execuserve's Hire-Intelligence(TM) and Hire-Choice(TM) software programs, which conduct dynamic assessments of prospective job seekers with embedded features, including artificial intelligence.

Call Compliance, Inc., a wholly owned subsidiary of Compliance Systems Corporation, has a group of loyal call center customers for their "Do-Not-Call” solutions. The company believes that Execuserve’s past experience helping call centers improve hiring and retention, as well as on-the-job performance, will create significant revenue potential marketing to the more than 50,000 domestic call centers. "Of course, we will also market our services in other verticals assisting organizations with their hiring needs," stated Jim Robinson, CEO of Execuserve.

Execuserve has developed a full range of job candidate assessment and management tools, including skills testing, literacy testing, spoken language and listening comprehension tests, in addition to its proprietary Hire-Intelligence and Hire-Choice behavioral assessments tools. Execuserve recently added an online video interviewing product, VideoView, which is available in either Hire-Choice, Execuserve’s online hiring system which is aimed at small and midsized businesses, as well as in the more full-featured Hire-Intelligence system.

No assurance can be given that the parties will enter into such an acquisition agreement, that this transaction will be consummated or that consummation of the transaction will result in any benefit to Execuserve Corp., Compliance Systems Corporation or any of its subsidiaries and its shareholders.

About Execuserve

Execuserve Corp. is a Virginia corporation with offices located at 929 Williams Wharf Road, Mathews, VA 23109. 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 plans to differentiate 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.

About Compliance Systems Corporation

Headquartered in Glen Cove, NY, Compliance Systems Corporation (www.callcompliance.com), is a developer of technology-based compliance solutions for the teleservices industry. Its prime focus is ensuring 100% compliance with government "Do-Not-Call" laws through its flagship patented product, TeleBlock(R), as well as its associated suite of telecommunication products. The company sells to corporate companies and businesses across a wide-range of industries and sectors. Additional information on the company and/or its suite of products can be obtained at www.callcompliance.com or by calling (888) 674-6774. Call Compliance Inc. is a wholly owned subsidiary of Compliance Systems Corporation (OTCBB:COPI).

"Safe Harbor" Statement Under The Private Securities Litigation Reform Act Of 1995

Certain written and oral statements made by us may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.

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