Sichenzia Ross Friedman Ference LLP Recognized Once Again as America's Number One...

Sichenzia Ross Friedman Ference LLP Recognized Once Again as America's Number
One PIPE Issuer Law Firm

NEW YORK, July 23, 2008 (PRIME NEWSWIRE) -- Sichenzia Ross Friedman Ference, LLP
(SRFF), has maintained its position as the leading issuer law firm of private
investments in public equity (PIPE) transactions, garnering the top spot in
PlacementTracker's First Half 2008 PIPE Market League Tables. During the first
two quarters of 2008, SRFF completed 16 transactions raising a total of $79.5
million.

This top position is not new to SRFF, as it marks the 50th consecutive month the
firm has ranked #1. The ranking also reflects the strong growth SRFF has
demonstrated over the last four years. In 2007, the firm represented 62 issuers
in transactions totaling $346 million for an average of $6.2 million per
transaction. When initially ranked #1 in 2004, the firm represented 39 issuers
in $155 million of PIPE transactions averaging $4 million each. Numbers the
following year rose to 60 deals totaling $234 million and averaging $4 million,
and in 2006, the firm represented 70 issuers in transactions valued at $276
million and averaging $4 million.

"It has been a very tough market over the last several months. Nevertheless, we
have continued to get a significant amount of transactions completed and
maintain our position as the leading issuer law firm in PIPE transactions, which
I believe is directly attributable to our distinct mix of industry and
transaction expertise and our dedication to meeting our clients' needs,"
commented Gregory Sichenzia, founding partner of SRFF.

PlacementTracker is a flagship product of Sagient Research Systems, and well
recognized as the leading provider of research, data, and analytics covering the
PIPE market.

About Sagient Research Systems

Sagient Research Systems is a publisher of independent research. It develops,
produces, and sells proprietary research products to mutual funds, hedge funds,
and investment banks. Its business strategy is to continue to leverage our
development, technology, and marketing expertise to solidify our position as a
leading provider of independent research to the financial services and
institutional investment communities. For more information, please visit
www.sagientresearch.com.

About Sichenzia Ross Friedman Ference LLP (SRFF)

Sichenzia Ross Friedman Ference LLP (SRFF) provides experienced, professional
representation in all matters involving the securities industry, as well as in
all general corporate and litigation matters. SRFF's clients range from
start-ups to established, listed companies. They include private and public
corporations, partnerships, broker-dealers, bank-affiliated broker-dealers,
investment advisors, registered personnel, public and corporate customers and
investors, partnerships and other entities. SRFF also advises institutional
investors on transactions involving complex securities law considerations. The
firm's practice includes the representation of clients located in the United
States and throughout the world, including Argentina, Austria, Australia,
Canada, China, Vietnam, Germany, Hungary, Israel, Korea, Malaysia, Mexico,
Switzerland and the United Kingdom. For more information, visit www.SRFF.com.

For interview and media requests, contact Avalanche Strategic Communications at
201-488-0049.

-0-
CONTACT: Avalanche Strategic Communications
Jerry Schranz
201-488-0049
jerry@avalanchepr.com
One University Plaza, Suite 407
Hackensack, New Jersey 07601