Pick up the phone and start making some calls:

The 2007 PIPE Market Investment Banking League Table
----------------------------------------------------
By Number of Transactions:
--------------------------

Placement Agent Name Transaction Count Total Amount Placed
-------------------- ----------------- --------------------
Rodman & Renshaw, LLC 53 $ 931,182,341.00
Roth Capital Partners, LLC 40 $ 723,282,459.00
Oppenheimer & Co., Inc. 21 $ 456,232,530.00
Lazard 17 $ 1,000,204,904.00
Piper Jaffray & Co. 15 $ 323,648,139.00
Midtown Partners & Co., LLC 15 $ 52,478,669.00
Canaccord Adams, Inc. 14 $ 285,124,501.00
Citigroup Global Markets, Inc. 13 $ 3,969,595,892.00
Lehman Brothers, Inc. 13 $ 3,370,203,873.00
Cowen and Company, LLC 13 $ 403,508,339.00
Merriman Curhan Ford & Co. 13 $ 193,903,817.00
RBC Capital Markets, Inc. 12 $ 2,101,823,015.00
Jefferies & Company, Inc. 12 $ 655,267,553.00
Empire Financial Group, Inc. 11 $ 54,794,783.00
BMO Capital Markets Corp. 10 $ 383,990,502.00
ThinkEquity Partners, LLC 10 $ 334,944,479.00
Palladium Capital Advisors, LLC 10 $ 40,432,909.00
UBS Investment Bank 9 $ 2,635,796,814.00
Brean Murray, Carret & Co. 9 $ 161,705,855.00
Wachovia Securities, Inc. 8 $ 330,021,519.00
Maxim Group, LLC 8 $ 88,995,813.00
Axiom Capital Management, Inc. 8 $ 66,100,008.00
Westminster Securities Corp. 8 $ 48,377,732.00
First Montauk Securities, Inc. 8 $ 25,814,201.00
Banc of America Securities, LLC 7 $ 309,063,151.00



The 2007 PIPE Market Institutional Investor League Table
--------------------------------------------------------
By Number of Transactions:
--------------------------

Investor Name Transaction Count Total Amount Invested
------------- ----------------- --------------------
Enable Capital Management 85 $ 214,441,651.00
Iroquois Capital, L.P. 65 $ 52,572,318.00
Rockmore Investment Master
Fund, Ltd. 54 $ 27,063,009.00
Heights Capital Management, Inc. 52 $ 7,500,048.00
Downsview Capital, Inc. 50 $ 28,529,844.00
UBS Capital Americas,LLC 48 $ 169,683,788.00
Lehman Brothers, Inc. 45 $ 1,019,833,811.00
Highbridge International, LLC 45 $ 487,671,450.00
Hudson Bay Capital
Management, L.P. 44 $ 131,534,516.00
LH Financial Services Corp. 42 $ 13,004,242.93
Yorkville Advisors, LLC 36 $ 144,865,890.00
Atoll Asset Management, LLC 36 $ 35,645,890.00
Vision Capital Advisors LLC 35 $ 104,767,053.00
Fort Mason Capital 33 $ 78,183,394.00
Heller Capital Partners 33 $ 24,038,388.00
Cantara (Switzerland) S.A. 33 $ 15,743,063.00
Whitebox Advisors, LLC 30 $ 127,700,484.00
Chestnut Ridge Partners, L.P. 30 $ 8,290,245.55
Whalehaven Fund, Ltd. 29 $ 11,513,162.00
Bristol Capital Advisors, LLC 27 $ 17,468,099.00
Nite Capital Management, LLC 27 $ 7,733,707.00
Morgan Stanley 26 $ 365,489,907.00
Credit Suisse Asset
Management, LLC 25 $ 269,253,866.00
SF Capital Partners, Inc. 25 $ 70,788,766.00
Roswell Capital Partners, LLC 23 $ 32,892,742.00



The 2007 PIPE Market Issuer Counsel League Table
------------------------------------------------
By Number of Transactions:
--------------------------

Legal Counsel Transaction Count Total Amount Advised
------------- ----------------- --------------------
Sichenzia Ross Friedman
Ference, LLP 60 $ 366,594,355.00
Cooley Godward Kronish, LLP 22 $ 621,830,129.00
Greenberg Traurig, LLP 22 $ 236,648,936.00
Haynes and Boone, LLP 20 $ 437,863,690.00
Morgan, Lewis & Bockius, LLP 19 $ 504,885,447.00
Vinson & Elkins, LLP 17 $ 5,674,582,637.00
Thelen Reid Brown Raysman
& Steiner, LLC 16 $ 303,601,245.00
Kirkpatrick & Lockhart Preston
Gates Ellis, LLP 16 $ 129,778,983.00
DLA Piper Rudnick Gray
Cary US, LLP 13 $ 248,532,660.00
Richardson & Patel, LLP 13 $ 130,747,432.00
Gersten Savage, LLP 12 $ 65,163,548.00
Skadden, Arps, Slate, Meagher
& Flom, LLP 11 $ 2,155,333,944.00
Loeb & Loeb, LLP 10 $ 131,653,747.00
Wilmer Cutler Pickering Hale
& Dorr,LLP 9 $ 219,626,377.00
Morrison & Foerster, LLP 9 $ 86,871,987.00
Guzof Ofsink, LLC 8 $ 116,446,295.00
Lowenstein Sandler, PC 8 $ 102,451,005.00
Duane Morris, LLP 8 $ 87,275,878.00
Troy & Gould, PC 8 $ 72,953,015.00
Clark Wilson, LLP 8 $ 30,048,383.00
Latham & Watkins, LLP 7 $ 1,343,211,587.00
Wilson Sonsini Goodrich
& Rosati 7 $ 1,135,000,009.00
Andrews & Kurth, LLP 7 $ 393,012,437.00
Maslon Edelman Borman
& Brand, LLP 7 $ 184,589,161.00
Hogan & Hartson, LLP 7 $ 109,956,132.00

Legal counsel rankings exclude all 144-A Offerings, Reg S Placements,
Equity Lines of Credit, and all PIPE transactions conducted by
Canadian issuers that trade in the U.S. on the OTC-BB or Pink
Sheets. Data is as reported as of 1/24/08


The 2007 PIPE Market Investor Counsel League Table
--------------------------------------------------
By Number of Transactions:
--------------------------

Legal Counsel Transaction Count Total Amount Advised
------------- ----------------- --------------------
Schulte Roth & Zabel, LLP 120 $ 8,620,678,927.00
Feldman Weinstein, LLP 46 $ 264,023,078.00
Lowenstein Sandler, PC 33 $ 316,045,618.00
Seward & Kissel 22 $ 2,007,418,635.00
Greenberg Traurig, LLP 22 $ 1,053,392,503.00
Grushko & Mittman, PC 19 $ 68,106,292.00
Kramer Levin Naftalis
& Frankel, LLP 16 $ 105,589,975.00
Bryan Cave, LLP 12 $ 173,140,323.00
Peter J. Weisman, PC 10 $ 43,378,831.00
Dorsey & Whitney, LLP 9 $ 111,207,785.00
Vinson & Elkins, LLP 8 $ 1,421,227,743.00
Fried, Frank, Harris, Shriver
& Jacobson 7 $ 3,646,516,032.00
Simpson Thacher Bartlett, LLP 7 $ 2,157,636,590.00
Baker Botts, LLP 7 $ 1,402,000,360.00
Pillsbury, Winthrop, Shaw
& Pittman, LLP 7 $ 777,752,174.00
Barack Ferrazzano Kirschbaum
& Nagelberg LLP 6 $ 133,925,001.00
Proskauer Rose, LLP 6 $ 122,400,000.00
Loeb & Loeb, LLP 6 $ 39,950,000.00
Weil, Gotshal & Manges, LLP 5 $ 664,053,869.00
Latham & Watkins, LLP 5 $ 437,263,500.00
Cravath, Swaine & Moore 4 $ 1,931,600,000.00
Shearman & Sterling, LLP 4 $ 822,414,500.00
McDermott, Will & Emery 4 $ 766,981,346.00
Akin, Gump, Strauss, Hauer
& Feld, LLP 4 $ 640,112,500.00
Ropes & Gray 4 $ 406,177,603.00


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