Spherix Appoints Richard Cohen as Chief Financial Officer

          Spherix Appoints Richard Cohen as Chief Financial Officer

PR Newswire

TYSONS CORNER, Va., Jan. 9, 2014

TYSONS CORNER, Va., Jan. 9, 2014 /PRNewswire/ --Spherix
Incorporated(SPEX)--an intellectual property development company committed
to the fostering and monetization of intellectual property, announced that its
Board of Directors has appointed Richard Cohen as its Chief Financial Officer.

(Logo: http://photos.prnewswire.com/prnh/20131104/PH08853LOGO)

Mr. Cohen joins Spherix after spending three years with CorMedix Inc., where
he served as President, and a member of its board. Mr. Cohen was also a
member of the board of directors of Dune Energy Inc. from 2008-2012 and served
as a director and Chairman of the Audit Committee of Rodman and Renshaw from
2008 to 2012. Mr. Cohen replaces Michael Pollack who was serving as Interim
Chief Financial Officer of Spherix.

Anthony Hayes, Spherix CEO, stated "After an exhaustive search we are
delighted to have Richard join the Spherix team, he is joining at a pivotal
point in our evolution. Richard's experiences will prove invaluable as we
expand our portfolio of patents and launch new licensing initiatives. I would
also like to thank Michael Pollack our former Interim CFO for his
extraordinary help during this transition."

About Spherix

Spherix Incorporated was launched in 1967 as a scientific research company.
Spherix is committed to advancing innovation by active participation in the
patent market. Spherix draws on portfolios of pioneering technology patents to
partner with and support product innovation.

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.

Investor Relations
Phone: (703) 992-9325
RedChip Companies Inc.
1-800-REDCHIP (733-2447)

SOURCE Spherix Incorporated

Website: http://www.spherix.com
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