Spherix Announces Addition to Executive Team
TYSONS CORNER, VA -- (Marketwired) -- 10/15/13 -- Spherix
Incorporated (NASDAQ: SPEX) -- an intellectual property development
company committed to the fostering and monetization of intellectual
property, announced today that it has hired Michael Pollack to serve
as its Interim Chief Financial Officer.
"We are extremely pleased to welcome Michael to the Spherix executive
team," said Anthony Hayes, Chief Executive Officer, Spherix. "Michael
brings the financial experience Spherix needs as we continue to
advance the development of our company. This is an exciting stage in
our company's growth and Michael's strong track record and vast
knowledge helping organizations finance their growth, and his proven
public company experience, makes him ideal for our organization."
Mr. Pollack has over twenty years of experience in public accounting
and consulting to over 100 publicly traded and 250 private companies
with considerable expertise in capital financing, debt refinancing,
strategic repositioning, development restructuring and private
placement offerings. Michael has also prepared audits in accordance
with the standards established by the Public Company Accounting
Oversight Board, and has prepared numerous market and financial
Mr. Pollack is currently a partner at KBL, LLP and serves as the head
of its Corporate Finance Group and Public Company Reporting Group.
Mr. Pollack graduated from the University of Maryland with a
Bachelors of Arts in Economics and is a member of the American
Institute of Certified Public Accountants.
Spherix Incorporated was launched in 1967 as a
scientific research company. Spherix presently offers a diversified
commercialization platform for protected technologies. The company
continues to work on life sciences and drug development and presently
is exploring opportunities in nutritional supplement products relying
on its D-Tagatose natural sweetener as a GRAS ingredient. Spherix is
committed to advancing innovation by active participation in all
areas of the patent market. Spherix draws on portfolios of pioneering
technology patents to partner with and support product innovation.
Through its recently announced acquisition of several hundred patents
issued to Harris Corporation Spherix intends to expand its activities
in wireless communications and telecommunication sectors including
antenna technology, Wi-Fi, base station functionality, and cellular.
Forward Looking Statements
Certain statements in this press release
constitute "forward-looking statements" within the meaning of the
federal securities laws. Words such as "may," "might," "will,"
"should," "believe," "expect," "anticipate," "estimate," "continue,"
"predict," "forecast," "project," "plan," "intend" or similar
expressions, or statements regarding intent, belief, or current
expectations, are forward-looking statements. While the Company
believes these forward-looking statements are reasonable, undue
reliance should not be placed on any such forward-looking statements,
which are based on information available to us on the date of this
release. These forward looking statements are based upon current
estimates and assumptions and are subject to various risks and
uncertainties, including without limitation those set forth in the
Company's filings with the Securities and Exchange Commission (the
"SEC"), not limited to Risk Factors relating to its patent business
contained therein. Thus, actual results could be materially
different. The Company expressly disclaims any obligation to update
or alter statements whether as a result of new information, future
events or otherwise, except as required by law.
Phone: (703) 992-9325
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