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Umbrella Research Publishes Initial Report on Codesmart(TM) Group

NEW YORK, Aug. 8, 2013 (GLOBE NEWSWIRE) -- CodeSmart Holdings, Inc. (OTCQB:ITEN), with its subsidiary, The CODESMART™ Group, Inc. (collectively, "CODESMART" or the "Company"), a premier ICD-10 education and solutions group that offers CODESMART™ UNIVERSITY, its on-line education solution and customizable training solutions, announces today that Umbrella Research, LLC has initiated coverage on the Company. The full report can be accessed on CODESMART's website at http://www.codesmartgroup.com/pages/analyst-coverage.html or via Umbrella Research's site at http://umbresearch.com/uploads/ITEN_2013-7-25_Initiation.pdf.

About Codesmart™

CodeSmart Holdings, Inc. (OTCQB:ITEN) with its subsidiary, The CODESMART™ Group, Inc., is a premier national subject matter expert for ICD-10 education and compliance in the United States. Its product, CODESMART™ UNIVERSITY, is an on-line program of study for existing coders, new coders, clinicians, and healthcare roles of all types. Created by a combination of a leading panel of ICD-10 subject matter experts and a major four-year accredited university, which contributed the nation's top course designers and a platform that already provides interactive education to more than 60,000 students per year in degree programs. The ICD-10 training also includes live professors who work with and guide students through the programs of study in ICD-10.

CODESMART™ UNIVERSITY is endorsed by over 60 colleges and universities nationwide for its quality of education. The CODESMART™ Group, Inc. also provides solutions for ICD-10 transition, outsource coding, coding audits, critical documentation improvement and the revenue cycle continuum.

To learn more about CODESMART™ UNIVERSITY's proprietary programs, visit www.codesmartgroup.com or www.codesmartuniversity.org.

About Umbrella Research

Umbrella Research LLC was created to fill a growing information vacuum in the equity universe as diminishing investment banking prospects have resulted in the underinvestment of traditional sell side research support for small cap and emerging growth companies. Umbrella Research is a research and advisory platform focused on lesser known companies where its research, whitepapers and investor outreach can create greater incremental value to both the subject companies and investors. All of Umbrella's publishing analysts have significant sector focused experience in traditional sell side models. Its in-depth, fundamental research is designed to educate and inform investors with an emphasis on factual data and tangible performance metrics. The research is available to investors through Umbrella's proprietary distribution list as well as on its website at www.UMBresearch.com. Umbrella's advisory services include analysis of potential growth funding mechanisms, creation of marketing materials and presentations, investor pitch, preparation for Q&A, introduction to placement agents and funding sources, assistance drafting legal docs required for financing, etc.

CONTACT: Company Contact: Ira Shapiro Chairman and CEO The Codesmart Group, Inc. ishapiro@codesmartgroup.com 646-526-7867 Investor Contact: John Baldissera BPC Financial Marketing 800-368-1217 Media Contact: Jules Abraham JQA Partners, LLC jabraham@jqapartners.com 917-885-7378Source:The Codesmart Group, Inc.