Sichenzia Ross Friedman Ference LLP Recognized as Number One PIPE Issuer Law Firm for 2011

Firm Has Been the Nation’s Leader in PIPEs Transactions Since 2004

New York, NY (January 18, 2012) – Sichenzia Ross Friedman Ference LLP (SRFF) has again earned the title of leading PIPE issuer law firm in the nation, as ranked by the industry-standard PIPEs Report and Placement Tracker. 2011 marked the 8th consecutive year the firm has ranked #1. The Firm was also among the leaders in the representation of both Investors and Placement Agents, by the number of deals advised.

The PIPES Report ranking reflects the strong growth SRFF has continued to demonstrate over the past year. In 2011, the firm represented 40 issuers in transactions totaling $177.48 million for an average of $5.1 million per transaction. Since 2004 when the firm was initially ranked as the #1 PIPE law firm nationwide, the Firm has completed approximately 400 such transactions valued at more than $2.5 billion.

In addition to the PIPEs Report’s top standing, SRFF was also ranked 1st in 2011 for issuer counsel transactions by PlacementTracker, a project of Sagient Research. According to Sagient, SRFF’s PIPE transactions overall reached $144 Million with a total of 37 transactions in 2011. Sagient’s rankings also indicate that SRFF has now completed over $2 Billion in PIPEs transactions for its clients.

About Sichenzia Ross Friedman Ference LLP.

Sichenzia Ross Friedman Ference LLP is headquartered in New York City and offers a full range of financial and business legal service. SRFF specializes in advising business entities on all securities matters including public offerings, private investment in public entities (PIPEs) deals and international reverse merger transactions. SRFF is also nationally recognized as a leading firm for representation of broker-dealers and securities industry professionals in SEC and FINRA enforcement proceedings as well as securities litigation and arbitration. The Firm is a recognized leader in PIPEs transactions for publicly traded companies and has completed over 400 deals to date, totaling over $2.5 billion since 2001. SRFF maintains dedicated international corporate practice groups and is acknowledged for legal excellence, sectoral expertise and a strong commitment to innovation and client service.

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For interview and media requests, contact Richard Friedman at 212-930-9700.

* PIPEs Rankings are measured by the number of placements advised according to The PIPEs Report and . The rankings include only PIPE transactions that have a value of at least $1.0 million. For more information about PIPE rankings, go to .

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