Israeli Company Represented by Pomerantz Haudek Block Grossman & Gross LLP Sues Credit...

Israeli Company Represented by Pomerantz Haudek Block Grossman & Gross LLP Sues
Credit Suisse for Auctions Rate Securities Fraud Involving Julian Tzolov -- CS

NEW YORK, Sept. 2, 2008 (GLOBE NEWSWIRE) -- IncrediMail, Ltd., an Israeli
software company, has commenced an arbitration proceeding in New York City
against Credit Suisse Securities (USA) LLC (NYSE:CS) and Julian Tzolov based on
its purchase in July 2007 of $5 million worth of auction rate securities issued
by Centre Square Ltd.

IncrediMail's purchase of Centre Square auction rate securities was orchestrated
by former Credit Suisse director, Julian Tzolov. Mr. Tzolov is presently under
criminal investigation, and according to a recent report by The Wall Street
Journal, has likely fled the U.S to avoid prosecution. The Centre Square auction
rate securities were originally underwritten by Merrill Lynch, whose sale of the
same security to the municipality of Springfield, Massachusetts resulted in
lawsuits against the investment bank by Massachusetts Attorney General, and
eventual rescission of the transaction.

Commenting on the lawsuit, IncrediMail's CEO, Ofer Adler, stated;

"We feel that we were misled by Credit Suisse to believe that we were purchasing
a highly liquid and conservative auction rate security, just to learn after
completing the purchase that the securities were of high risk and essentially of
no liquidity. Had we been told the true nature of the security prior to the
purchase, we would not have made the transaction, which was entirely contrary to
our investment strategy."

IncrediMail is being represented in the lawsuit by Marc I Gross and Jeremy
Lieberman of Pomerantz Haudek Block Grossman & Gross LLP. A copy of the
Statement of Claim is available upon request. Contact Marc I. Gross, Esq. at
212-661-1100 or migross@pomlaw.com.

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CONTACT: Pomerantz Haudek Block Grossman & Gross LLP
Teresa Webb
(888) 476.6529
(888) 4.POMLAW
tlwebb@pomlaw.com