Spherix Announces Adjournment of Annual Meeting; Seeks To Obtain a Quorum of Voting Stockholders Owning Shares as of November

 Spherix Announces Adjournment of Annual Meeting; Seeks To Obtain a Quorum of
          Voting Stockholders Owning Shares as of November 27, 2013

PR Newswire

TYSONS CORNER, Va., Jan. 23, 2014

TYSONS CORNER, Va., Jan. 23, 2014 /PRNewswire/ --Spherix
Incorporated(NASDAQ: SPEX)--an intellectual property development company
committed to the fostering and monetization of intellectual property,
announced today that its annual meeting of stockholders scheduled for, and
convened on January 22, 2014, was adjourned due to the lack of requisite
quorum. Only stockholders of record on the record date November 27, 2013 are
entitled to and are being requested to vote.

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

The annual meeting has been adjourned to February 5, 2014 at 9:00 a.m.
(Eastern Standard Time) at 6430 Rockledge Drive, Suite 503, Bethesda, MD 20817
to allow additional time for the stockholders to vote on the proposals set
forth in the Company's proxy statement filed with the SEC, which is available
at
http://www.sec.gov/Archives/edgar/data/12239/000141588913002626/spexdef14adec2013.htm.

During the period of the adjournment, the Company will continue to solicit
proxies from its stockholders with respect to the proposals set forth in the
Company's proxy statement. Proxies previously submitted in respect of the
meeting will be voted at the adjourned meeting unless properly revoked. The
stockholders who would like to vote directly at the meeting can obtain a
ballot by contacting the Company by telephone: (703) 992-9260 or sending an
email to jbarton@biospherics.com.

The Company encourages all stockholders who have not yet voted to do so before
February 4, 2014 at 11.59 p.m. (Eastern Standard Time). The stockholders may
vote by internet at www.proxyvote.com, or by telephone at 1-800-690-6903, or
by returning a properly executed proxy card to Voting Processing, c/o
Broadridge, 51 Mercedes Way, Edgewood, NY 11717.

No changes have been made in the proposals to be voted on by stockholders at
the annual meeting. The Company's proxy statement and any other materials
filed by the Company with the SEC remain unchanged and can be obtained free of
charge at the SEC's website at www.sec.gov.

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.

Contact:

Investor Relations
Phone: (703) 992-9325
Email: info@spherix.com

SOURCE Spherix Incorporated

Website: http://www.spherix.com
 
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