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Spherix Reports First Quarter 2009 Earnings
Date:5/14/2009

products, constitute forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements. The risks and uncertainties include, without limitation, risks that product candidates may fail in the clinic or may not be successfully marketed or manufactured, we may lack financial resources to complete development of Naturlose, the FDA may interpret the results of studies differently than us, competing products may be more successful, demand for new pharmaceutical products may decrease, the biopharmaceutical industry may experience negative market trends, our continuing efforts to develop Naturlose may be unsuccessful, our common stock could be delisted from the Nasdaq Capital Market, and other risks and challenges detailed in our filings with the U.S. Securities and Exchange Commission, including our current report on Form 8-K filed on October 10, 2007. Readers are cautioned not to place undue reliance on any forward-looking statements which speak only as of the date of this release. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances that occur after the date of this release or to reflect the occurrence of unanticipated events.


                                 - Tables Follow -


                                Spherix Incorporated
                       Consolidated Statements of Operations
                   For the Quarters Ended March 31, 2009 and 2008
                                    (Unaudited)


                                                Three Months Ended March 31,
                                                ----------------------------
                                                   2009              2008
                                                   ----              ----

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SOURCE Spherix Incorporated
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