EXHIBIT 99.1

Issuer Direct Reports Third-Quarter Fiscal Year 2011 Results

Total Revenue Increased 121% as Compared to the Third Quarter of 2010

MORRISVILLE, N.C., Nov. 2, 2011 (GLOBE NEWSWIRE) -- Issuer Direct Corporation (OTC: ISDR, ISDRD), a market leader and innovator of unified regulatory, disclosure and compliance solutions, today reported financial results for the third quarter ended September 30, 2011. Additionally, the company anticipates filing its quarterly report before market close today.

Highlights of the Third Quarter of 2011 include:

●   Overall revenue increased 121% as compared to the third quarter of 2010

●   Compliance and Reporting services business increased 356% as compared to the third quarter of 2010

●   Cash for the period increased to $720,423 as of September 30, 2011

●   Net income before taxes increased to $118,469, or $0.07 per share, as compared to a loss of $40,772, or ($0.02) per share in the second quarter of 2010

Financial Results for the Third Quarter of 2011 compared to the Third Quarter of 2010

On October 31, 2011, the Company effected a one-for-ten reverse split to shareholders of record as of October 31, 2011. All share and per share information has been retroactively adjusted to reflect the stock split.

Revenues for the quarter ended September 30, 2011 increased 121% to $891,576 as compared to $403,991 in the same period in fiscal 2010. Gross profit was $512,219, or 58% of revenues for the quarter ended September 30, 2011 as compared to $212,933, or 53% of revenues, for same period in fiscal 2010.

"The quarter ended September 30, 2011 proved to be the best third quarter in our history," stated Brian Balbirnie, Chief Executive Officer. "Not only did we increase our compliance and reporting business by over 350%, we also continued our path to improved margins and increased market share."

During the quarter the Company launched its Cloud-based compliance workflow system to the reseller community. Mr. Balbirnie went on to say, "Our Cloud-based workflow business is off to a tremendous start, we have a great group of filing agents, and resellers committed to our Cloud-based platform that will ultimately foster the growth in our back-office business to the corporate issuers."

The Company reported net income of $71,081, or $0.04 per share, during the third quarter of 2011 as compared to a loss of $40,772, or ($0.02) per share during the same period of fiscal 2010. The Company reported net income of $345,517, or $0.20 per share, during the nine month period ended September 30, 2011 as compared to $222,735, or $0.13 per share, during the same period of fiscal 2010.

During the first nine months of 2011, the Company began performing XBRL tagging services to corporate issuers. Furthermore, a large portion of the Company's clients are small reporting companies, who were required by the Securities and Exchange Commission to begin filing quarterly and annual reports in XBRL for all periods ending on or after June 15, 2011. Therefore, XRBL services contributed significantly to an increase in compliance and reporting revenue of 356% during the third quarter of 2011 as compared to the same period of 2010. The Company continued to achieve improvement in gross margin during the first nine of 2011 due largely to these services. "We are extremely pleased with the progression of our XBRL service offerings, and anticipate that we will continue to experience significant revenue growth and strong margins from this revenue source," said Wes Pollard, Chief Financial Officer.

Non-GAAP Results

The Company reported non-GAAP net income during the three months ended September 30, 2011 of $156,325, or $0.09 per share, as compared to non-GAAP net income of $10,311, or $0.01 per share, during the same period of 2010. The Company reported non-GAAP net income during the nine months ended September 30, 2011 of $484,686, or $0.27 per share, as compared to non-GAAP net income of $366,673, or $0.21 per share, during the same period of 2010. Please refer to the attached reconciliations of non-GAAP financial measures referred to in this release to the most directly comparable GAAP measures.

Non-GAAP Information

Certain non-GAAP financial measures are included in this press release. In the calculation of these measures, the Company generally excludes certain items such as amortization and impairment of acquired intangibles, non-cash stock-based compensation charges, and unusual, non-recurring gains and charges. The Company believes that excluding such items provides investors and management with a representation of the Company's core operating performance and with information useful in assessing its prospects for the future and underlying trends in the Company's operating expenditures and continuing operations. Management uses such non-GAAP measures to evaluate financial results and manage operations. The release and the attachments to this release provide a reconciliation of each of the non-GAAP measures referred to in this release to the most directly comparable GAAP measure. The non-GAAP financial measures are not meant to be considered a substitute for the corresponding GAAP financial measures.

About Issuer Direct Corporation:

Issuer Direct Corporation ("IDC") is a market leader and innovator in public company products and services. As an issuer services focused company, Issuer Direct alleviates the complexity of maintaining compliance through integrated products and services that help companies produce and distribute their financial and business communications both online and in print. As a shareholder compliance company, Issuer Direct is dedicated to assisting corporate issuers in an ever-changing regulatory environment and to comply with the myriad of rules imposed by regulatory bodies.

The Issuer Direct logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4547

Learn more about Issuer Direct today
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Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. We disclaim any intention to, and undertake no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact our forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2009, including but not limited to the discussion under "Risk Factors" therein, filed with the SEC, which you may view at http://www.sec.gov.

ISSUER DIRECT CORPORATION
CONSOLIDATED BALANCE SHEETS
	September 30,			December 31,
	2011			2010
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	720,423		$	504,713
Accounts receivable, (net of allowance for doubtful accounts of $132,414 and $56,024, respectively)		443,602			175,336
Deferred income tax asset – current		120,788			102,400
Deferred costs		50,777			--
Other current assets		49,826			16,581
Total current assets		1,385,416			799,030
Furniture, equipment and improvements, net		73,583			53,375
Deferred income tax – noncurrent		40,000			118,400
Intangible assets (net of accumulated amortization of $72,333 and $55,166, respectively)		115,862			93,029
Other noncurrent assets		16,106			15,576
Total assets	$	1,630,967		$	1,079,410
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	147,857		$	65,570
Accrued expenses		53,284			34,918
Deferred revenue		86,462			51,382
Total current liabilities		287,603			151,870
Other long term liabilities		57,157			19,810
Total liabilities		344,760			171,680
Commitments and contingencies (Note 6)
Stockholders' equity:
Preferred stock, $1.00 par value, 30,000,000 shares authorized– Series A, 60 shares designated, no shares issued and outstanding; Series B, 476,200 shares designated, no shares issued and outstanding.		--			--
Common stock $.001 par value, 100,000,000 shares authorized, 1,751,933 and 1,768,531 shares issued and outstanding as of September 30, 2011 and December 31, 2010, respectively.		1,752			1,769
Additional paid-in capital		1,710,105			1,677,128
Accumulated deficit		(425,650	)		(771,167	)
Total stockholders' equity		1,286,207			907,730
Total liabilities and stockholders' equity	$	1,630,967		$	1,079,410

ISSUER DIRECT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
	For the Three Months Ended					For the Nine Months Ended
	September 30,		September 30,			September 30,		September 30,
	2011		2010			2011		2010
Revenues	$	891,576	$	403,991		$	2,509,003	$	3,368,722
Cost of services		379,357		191,058			1,048,568		2,303,414
Gross profit		512,219		212,933			1,460,435		1,065,308
Operating costs and expenses
General and administrative		281,236		180,961			771,401		546,940
Sales and marketing		99,301		73,842			250,152		241,353
Impairment charges		--		4,000			--		4,000
Depreciation and amortization		14,900		7,344			39,900		28,924
Total operating costs and expenses		395,437		266,147			1,061,453		821,217
Net operating income		116,782		(53,214	)		398,982		244,091
Other income (expense):
Interest income (expense), net		1,687		12,442			6,547		(21,356	)
Total other income (expense)		1,687		12,442			6,547		(21,356	)
Net income (loss) before taxes		118,469		(40,772	)		405,529		222,735
Income tax expense		47,388		--			60,012		--
Net income (loss)	$	71,081	$	(40,772	)	$	345,517	$	222,735
Income (loss) per share - basic	$	0.04	$	(0.02	)	$	0.20	$	0.13
Income (loss) per share - fully diluted	$	0.04	$	(0.02	)	$	0.20	$	0.13
Weighted average number of common shares outstanding - basic		1,752,107		1,759,292			1,759,079		1,731,224
Weighted average number of common shares outstanding - fully diluted		1,763,970		1,759,292			1,767,667		1,749,993

ISSUER DIRECT CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
	Nine months ended
	September 30,
	2011			2010
Cash flows from operating activities:
Net income	$	345,517		$	222,735
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		39,900			28,924
Bad debt expense		99,819			44,061
Impairment charges		--			4,000
Deferred income taxes		60,012			--
Non-cash interest expense		--			34,178
Stock-based expenses		69,505			78,898
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable		(368,085	)		(30,958	)
Decrease (increase) in other assets		(84,552	)		(16,136	)
Increase (decrease) in accounts payable		82,287			32,465
Increase (decrease) in accrued expenses		55,713			(5,509	)
Increase (decrease) in deferred revenue		35,080			--
Net cash provided by operating activities		335,196			392,658
Cash flows from investing activities:
Purchase of property and equipment		(42,941	)		(43,376	)
Purchase of intangible assets		(40,000	)		--
Net cash used in investing activities		(82,941	)		(43,376	)
Cash flows from financing activities:
Repurchase of common stock		(36,545	)		--
Net cash used in financing activities		(36,545	)		--
Net change in cash		215,710			349,282
Cash – beginning		504,713			146,043
Cash – ending	$	720,423		$	495,325
Supplemental disclosure for non-cash investing and financing activities:
Cash paid for interest	$	29		$	518
Cash paid for income taxes	$	--		$	--
Non-cash activities:
Related party notes payable and accrued interest converted to common shares	$	--		$	59,666
Related party notes payable and accrued interest converted to preferred shares	$	--		$	27,780

ISSUER DIRECT CORPORATION
RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES
	Three Months Ended September 30,
	2011				2010
	Amount		Per diluted share		Amount			Per diluted share
Net income	$	71,081	$	0.04	$	(40,772	)	$	(0.02	)
Adjustments:
Amortization of intangible assets and impairment charges (1)		6,833		0.00		8,833			0.01
Stock based compensation (2)		25,914		0.02		33,888			0.02
Former shareholder dispute (3)		52,497		0.03		--			0.00
Moving expenses (4)		--		0.00		8,362			0.00
Non-GAAP net income	$	156,325	$	0.09	$	10,311		$	0.01

	Nine Months Ended September 30,
	2011				2010
	Amount		Per diluted share		Amount		Per diluted share
Net income	$	345,517	$	0.20	$	222,735	$	0.13
Adjustments:
Amortization of intangible assets and impairment charges (1)		17,167		0.01		22,500		0.01
Stock based compensation (2)		69,505		0.04		78,898		0.05
Former shareholder dispute (3)		52,497		0.03		--		0.00
Moving expenses (4)		--		0.00		8,362		0.00
Non-cash interest expense (5)		--		0.00		34,178		0.02
Non-GAAP net income	$	484,686	$	0.27	$	366,673	$	0.21

(1)  The adjustments represent the amortization and impairment of intangible assets related to acquired companies.

(2)  The adjustments represent stock-based compensation expense recognized related to awards of stock options or common stock in exchange for services.

(3)  The adjustments represent legal fees incurred to attempt to resolve a dispute by a former holder of Series A Preferred Stock as disclosed in Note 6 of our financial statements in our Form 10-Q filed with the Securities and Exchange Commission for the quarter ended September 30, 2011. 

(4)  The adjustments represent moving expenses incurred related to the relocation to our new headquarters in September 2010.

(5)  The adjustments represent non-cash interest expense incurred upon the conversion of notes payable into shares of the company for the value of the shares received in excess of the carrying value of the notes payable and accrued interest.