Source: Sichenzia Ross Friedman Ference LLP Sichenzia Ross Friedman Ference LLP Ranked First in the Nation in PIPEs Transactions for 12 Consecutive Months

New York, New York – July 15, 2005 - Sichenzia Ross Friedman Ference LLP has been ranked first in the nation for representing public companies in PIPES transactions for the last 12 consecutive months. Year to date, the law firm has been credited with representing 26 issuers in over $90 million of PIPEs transactions, averaging $3.47 million per transaction.  For the same period last year, when the firm first achieved its #1 ranking, the firm had been credited with representing 14 issuers in $40 million of transaction, an increase of 85% and 125%respectively. These rankings are measured by the number of placements advised according to The PIPEs Report and Privateraise.com The rankings include only PIPE transactions that have a value of at least $1.0 million.

Gregory Sichenzia, a member of the firm stated, “Our growth has been remarkable. We have doubled the dollar amount and number of transactions we have advised issuers on in the last 12 months and continue to provide our clients with the high level of service they have come to expect of us”.

To keep pace with its growth the firm now employs 22 attorneys and has taken additional office space at its New York City location.

For more information about PIPE rankings, go to www.privateraise.com.

About Sichenzia Ross Friedman Ference LLP

Sichenzia Ross Friedman Ference LLP provides experienced professional representation in all matters involving the securities industry as well as general corporate and litigation matters.  Our 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. We also advise institutional investors on transactions involving complex securities law considerations. Our areas of expertise include corporate and commercial transactions, securities litigation, and arbitration, administrative practice before regulatory agencies, mergers and acquisitions and broker-dealer regulation. For additional information about Sichenzia Ross Friedman Ference’s nationally ranked PIPEs practice, go to www.srff.com. Or reach us at www.pipeslawyer.com www.pipestransactions.com which all link directly to the firms primary website.