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PRESS RELEASE May 15, 2001 SPHERIX ANNOUNCES NEW RESERVEWORLD CONTRACTS FOR IMMEDIATE RELEASE: BELTSVILLE, MD, May 15, 2001. Spherix (Biospherics Incorporated-NASDAQ/BINC), Beltsville, Maryland, today announced the award of several new contracts for its ReserveWorld business. The Company stated that it won separate contracts to provide reservation service for visitors to Delaware State Parks, the Statue of Liberty, and the Washington Monument. ReserveWorld, a division of Spherix, currently offers recreational visitors the opportunity to reserve from more than 23,000 campsites and nearly endless tour opportunities at various State Parks, National Parks, Monuments, Seashores, Lakeshores, National River and Recreation Areas, and National Historic Sites. Spherix has experienced more than 100% growth in its ReserveWorld operations over the past year and its growth continues strong into 2001 with these new contracts. Spherix already operates full service reservation systems for the National Park Service, the states of Maryland and Michigan, as well as several other attractions and venues. Company President David Affeldt said, "ReserveWorld is setting its targets and hitting them. We're combining truly leading-edge technology and our industry experts to deliver a solution that benefits our clients and the consumer like nothing else available today. We're very proud to add the "First State" to ReserveWorld, as well as two of the most recognized symbols of America." Certain statements contained herein are "forward looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission, including the filing on Form 8-K made on March 3, 1999. Under its motto, "A World of Solutions," Spherix's mission is to create value and increase shareholder wealth through innovations that benefit our clients and the human condition. Spherix offers innovations in information technology, knowledge management, and biotechnology.
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