Spherix Appoints Richard Cohen As Chief Financial Officer

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.

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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.

Contact:
Investor Relations
Phone: (703) 992-9325
Email: info@spherix.com
Or:
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1-800-REDCHIP (733-2447)

SOURCE Spherix Incorporated