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General Patent Corporation Chairman and CEO Alexander Poltorak Joins Spherix Board Industry veteran and authority on patent law and valuation joins Spherix as director
Date:11/4/2013

TYSONS CORNER, Va., Nov. 4, 2013 /PRNewswire/-- Spherix Incorporated (NASDAQ: SPEX), an intellectual property development company committed to the fostering and monetization of intellectual property, announced today that Alexander Poltorak has been appointed to Spherix's Board of Directors, effective October 28, 2013.

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

"We are very pleased that Alex accepted our invitation to join Spherix's board," said Spherix's CEO and President, Anthony Hayes. "Alex's extensive experience in the patent monetization industry will provide valuable governance leadership to Spherix.  He will be a great addition to our board.  We are excited and privileged to have Alex join our board."

Alexander Poltorak is the Founder, Chairman and the CEO of General Patent Corporation (GPC), a leading intellectual property firm focusing on IP strategy and valuation, IP licensing and enforcement – the oldest such organization in the world.  He also serves as the Managing Director of IP Holdings LLC, an IP-centric merchant banking boutique providing IP-focused financial, brokerage and advisory services, and operating an idea incubator.  Alexander Poltorak was listed among world leading IP strategists by IAM Magazine in 2010, 2011 and 2012.  Dr. Poltorak has co-authored two books, Essentials of Intellectual Property (John Wiley & Sons Publishers, Inc., 2d ed. 2011), and Essentials of Licensing Intellectual Property (John Wiley & Sons Publishers, Inc., 2004), and contributed a chapter to Making Innovation Pay - Turning IP into Shareholder Value'/>"/>

SOURCE Spherix Incorporated
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