COPI - Compliance Systems Corporation Announces Increased Revenues of 31.2% for Q3 2007

Compliance Systems Corporation Announces Increased Revenues of 31.2% for Q3 2007Business Wire "US Press Releases "
GLEN COVE, N.Y.--(BUSINESS WIRE)--
Compliance Systems Corporation (OTC/BB: COPI) a provider of Do Not Call compliance solutions, announces the results of the quarter ended September 30, 2007.
Revenues for the three months ended September 30, 2007 were $509,190 compared to revenues of $387,994 for the corresponding period in 2006. This increase of $121,196, or 31.2%, was principally attributable to increased revenues from VeriSign, its principal TeleBlock distributor. An increase of 46 million call counts for its TeleBlock service increased the Company's revenues by $109,514 from the corresponding period in 2006. The Company also generated additional revenue of $31,553 from other revenue sources including its online guides, VoIP services, and Enhanced Caller ID. This substantial increase in revenues for the quarter was partially offset by reduced revenues of $19,871 earned from a former TeleBlock distributor.
The Company's quarterly net loss decreased by $119,883, or 40.3%, to $177,708 in 2007 from $297,591 in 2006. This decrease is directly attributable to an increase in gross margin due to significantly higher sales as well as a decrease in selling, general, and administrative expenses of $75,266. As a percentage of sales, the net loss decreased significantly by 41.8% to 34.9% from 76.7% for the quarter. Please refer to the Company's quarterly report on Form 10-QSB for the quarter ended September 30, 2007 for more complete information on the Company's operations.
Call Compliance, Inc. (www.callcompliance.com), located in Glen Cove, NY, is a developer of technology-based compliance solutions for the teleservices industry. For further information on TeleBlock(R), visit www.teleblock.com; for more information on the Regulatory Guide(SM), visit www.cci.regulatoryguide.com or call 888-674-6774. Call Compliance Inc. is a wholly owned subsidiary of Compliance Systems Corporation (COPI.BB).
Statements contained in this news release regarding expected financial results of the Company and Compliance Systems Corp., are forward-looking statements, subject to uncertainties and risks, many of which are beyond the Company's control, including, but not limited to, market conditions, interest rate and currency fluctuations, dependence on key personnel, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Forward Looking Statements" in the Company's Form 10-QSB for the quarter ended September 30, 2007, as filed with the Securities and Exchange Commission. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above. The Company cautions that historical results are not necessarily indicative of the Company's future performance.
Source: Compliance Systems Corporation