Sichenzia Ross Friedman Ference LLP Achieves Milestone of 300th PIPE Transaction

NEW YORK, NY--(Marketwire - September 23, 2009) - Sichenzia Ross Friedman Ference LLP (www.srff.com) announced today that it has reached a milestone in its PIPEs practice, having advised on their 300th PIPE transaction of over $1 million as issuer's counsel. PIPE transaction information and numbers are calculated and recorded by Private Raise, a subsidiary of Deal Flow Media (www.dealflow.com).

SRFF, which is ranked number 1 of 946 law firms surveyed in this category, has been ranked as the most active PIPE issuer law firm from 2004 through 2008, and is currently ranked as the most active PIPE issuer law firm year-to-date in 2009 with 26 such transactions completed thus far. Since 2004, the Firm has been credited with 300 such transactions, which have resulted in aggregate gross proceeds of approximately $1.5 billion with an average transaction size of approximately $4.75 million. For the last six years, SRFF has been in the forefront of the PIPEs market and has served as an advocate for small- and mid-sized public companies seeking the financing required to help them grow and expand their business.

"The market has certainly changed over the last year, and while other strategies including secondary public offerings and underwritten registered direct offerings present alternatives to PIPEs, we still believe this traditional type of financing will be an integral resource for small public companies," said Richard Friedman, Managing Partner of Sichenzia Ross Friedman Ference LLP. "We are proud that we have been instrumental in this marketplace for nearly six consecutive years and our 300th PIPE transaction milestone is a testament to our commitment to helping public companies secure financing."

Private investment in public equity (PIPE) transactions involve the selling of restricted securities of publicly traded companies, generally in the form of either common stock, preferred stock or convertible securities to private investors.

About Sichenzia Ross Friedman Ference LLP

Sichenzia Ross Friedman Ference LLP (SRFF) has led the nation in representing public companies in private financing transactions since 2004. The New York-based firm has completed over 300 such transactions totaling approximately 1.5 billion dollars. The Firm has also represented many domestic and international companies in Reverse Merger transactions. The firm's clients 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 maintains specialized Asian and Israeli corporate practice groups. For more information, visit www.srff.com.

Contact Information: For interview and media requests, contact: Bari Trontz Trontz PR 212-293-9051 (office) 917-442-8500 (mobile)