Sichenzia Ross Friedman Ference LLP's Israel Practice Group Is Engaged by Israeli Investment Company to Form U.S. Based Equity Fund

NEW YORK, NY--(Marketwire - January 7, 2010) - Sichenzia Ross Friedman Ference LLP ("SRFF"), a New York based corporate and securities law firm with a growing Israel Practice Group, has been engaged by an Israeli group to form a U.S. based investment fund, named Bright Opportunities Fund (the "Fund"). SRFF has been engaged to establish and advise the Fund, and to assist with the Fund's primary purpose of future investments in Israeli companies becoming public in the U.S.

SRFF's Israel Practice Group, which was established in 2008, includes Marc J. Ross, a founding partner of SRFF, and Jonathan R. Shechter, an Israeli associate. By including attorneys fluent in Hebrew and raised in Israel, the Israel Practice Group is uniquely able to assist Israeli companies become public in the U.S., and to augment the Israeli clientele of SRFF in cross-border financing transactions, organic direct public offerings, as well as mergers and acquisitions.

According to Marc Ross, "We have seen a marked increase in activity from Israeli companies wanting to take advantage of the U.S. markets, as the U.S. markets have recovered, and we are very excited to have this opportunity to work with the Fund and bring more promising Israeli companies to the U.S. markets."

"We have seen some remarkable companies emerge from Israel over the past few months, and are pleased with their decision to engage us as their legal counsel in the U.S.," remarked Jonathan Shechter. "Our Israeli practice is committed to assisting these companies overcome all boundaries to reaching the U.S. market."

About Sichenzia Ross Friedman Ference LLP

Sichenzia Ross Friedman Ference LLP provides experienced professional representation in all matters involving the securities industry as well as general corporate and litigation matters. The Firm's areas of expertise include corporate and commercial transactions, securities litigation, arbitration, administrative practice before regulatory agencies, mergers and acquisitions and broker-dealer regulation. The Firm also has a nationally ranked PIPEs practice, which has been ranked number #1 as the most active PIPE issuer law firm from 2004 through the present, and also has a specialized Asian and Israeli practice groups. For more information about the firm, visit www.srff.com.

Contact Information: Contact: Marc Ross 212-930-9700