Commenting on the League Tables Robert F

So he gets a little credit.However, the Clippers are running in place, and Dunleavy needs to kick them in the ass to get things moving If he doesn't, he might get kicked in the ass himself .. on the way out the door.. SAN DIEGO, Jan. 7, 2009 (GLOBE NEWSWIRE) Sagient Research Systems, a leadingpublisher of independent research for the financial services and institutionalinvestment communities, today announced that Rodman & Renshaw, LLC ranked as thenumber one most active investment bank and Downsview Capital, Inc., ranked asthe number one most active institutional investor in the U.S. PIPE market during2008.Sagient Research also announced that Sichenzia Ross Friedman Ference, LLP rankedas the number one most active issuer counsel, Schulte Roth & Zabel, LLP rankedas the number one most active investor counsel, and Feldman Weinstein, LLPranked as the number one most active placement agent counsel in the U.S. PIPEmarket during the 2008.PlacementTracker, a flagship product of Sagient Research Systems, is wellrecognized as the leading provider of research, data, and analytics covering thePIPE market.Commenting on the League Tables, Robert F.

Kyle, executive vice president ofSagient Research said, "This has unquestionably been the most challenging yearwe have ever seen in the market. The dramatic increase in volatility and declinein market valuations certainly affected PIPE issuances in 2008 The U.S. PIPEmarket totaled $177.26 billion raised through 1,283 transactions in 2008 (ofthis amount $45.43 billion has been announced but not yet closed as of 1/6/09).This compared to $83.96 billion raised through 1,416 transactions in 2007. While2008 was a record year for total dollars raised in the PIPE market, andrepresented a 111 increase over 2007, the market remained dominated by ahandful of large transactions. In total, 87 mega-PIPE transactions made up$165.12 billion of the amount raised in 2008. Many of these firms arelong-time clients of PlacementTracker, and we look forward to continuing toprovide them with industry leading data, research, and analytics to help keepthem on top of this market."PlacementTracker's dynamically updating League Tables are available online at: http:// The 2008 U.S.

PIPE Market Investment Banking League Table - By Number of Transactions:TransactionTotal Amount Placement Agent Name Count Placed Rodman & Renshaw, LLC44 $ 585,903,098 Roth Capital Partners, LLC 18 $ 274,429,348 Lazard 16 $ 1,433,424,870 Canaccord Adams, Inc.13 $ 431,628,722 Midtown Partners & Co., LLC13 $37,509,088 Merriman Curhan Ford & Co. 11 $ 225,816,774 Deutsche Bank10 $ 2,692,982,461 Maxim Group, LLC7 $33,546,179 Lehman Brothers, Inc. 6 $ 7,339,967,043 Emerging Growth Equities, Ltd.6 $40,582,493 Jesup & Lamont Securities Corporation 6 $37,809,785 Palladium Capital Advisors, LLC 6 $16,636,400 Credit Suisse 5 $ 1,644,476,900 Oppenheimer & Co., Inc 5 $ 1,552,795,935 Leerink Swann & Co. 5 $24,397,146 Goldman, Sachs & Co.4 $ 7,899,949,993 Jefferies & Company, Inc.