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[QUOTE]Originally posted by Ace of Spades: [QB] COPI (.015) Compliance Systems Corporation Announces Increased Revenues of 31.2% for Q3 2007 Wednesday, November 14 2007 10:12 AM, EST Business 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. [/QB][/QUOTE]
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