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Spherix Announces New Interim Chief Executive Officer

Spherix Announces New Interim Chief Executive Officer

TYSONS CORNER, Va., Feb. 28, 2013 (GLOBE NEWSWIRE) -- Spherix Incorporated
(Nasdaq:SPEX) – today announced the naming of an interim Chief Executive
Officer. Harvey Kesner, currently a director, will serve as interim Chief
Executive Officer. Mr. Kesner is a practicing corporate and securities
attorney who has been actively engaged in assisting start-up and emerging
businesses. Mr. Kesner has played a role representing investors and companies
in new and emerging fieldssuch as social media, internet, renewable energy
and broadband wireless telecommunications."I am pleased to assist Spherix as
it pursues new business initiatives as a first step towards creation of a
dynamic company seeking to become involved in new technology and commercial
development around our future planned acquisitions, while seeking to attract
and recruit seasoned technically proficient executives," said Mr. Kesner.

For more information, please visit www.biospherics.com.

The Spherix Incorporated logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=14019

Forward-Looking Statements

This Press Release contains forward-looking statements. Forward-looking
statements include statements concerning plans, objectives, goals, strategies,
future events or performance, and underlying assumptions and other statements
that are other than statements of historical facts. These statements are
subject to uncertainties and risks including, but not limited to (i) securing
capital for general working purposes, and (ii) other risks and in statements
filed from time to time with the U.S. Securities and Exchange Commission (the
"SEC"). All such forward-looking statements, whether written or oral, and
whether made by or on behalf of the Company, are expressly qualified by the
cautionary statements and any other cautionary statements which may accompany
the forward-looking statements. In addition, the Company disclaims any
obligation to, and will not, update any forward-looking statements to reflect
events or circumstances after the date hereof.

CONTACT: Investor Relations
         Phone: (301) 897-2564
         Email: info@biospherics.com

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