UPDATE: Ira Sohn Conference Foundation Announces Investment Contest Ahead of 16th Annual Conference

Winner to Present Idea to Financial Industry Audience at Renowned Conference


NEW YORK, NY--(Marketwire - April 4, 2011) - The Ira Sohn Conference Foundation today announced the launch of the Ira Sohn Investment Idea Contest ahead of its 16th annual conference, to take place May 25, 2011, from 12:15 pm - 6 pm at New York City's Frederick P. Rose Hall, the home of Jazz at Lincoln Center. Contest participants are to submit their best investment idea; selections can be any marketable security (long or short) with a market capitalization above $1 billion. The winner will be selected based on the judges' determination of the most compelling investment idea with a one-year horizon.

A distinguished group of judges led by legendary investor Michael Price and including celebrated investors Bill Ackman, David Einhorn, Joel Greenblatt and Seth Klarman will determine the most compelling investment idea. The winner will present the investment idea in front of approximately 2,000 people at the renowned Ira Sohn Investment Conference.

For the past 15 years, The Ira Sohn Investment Conference has brought together a group of highly-successful investors to present their best investment ideas. The conference allows portfolio managers, asset allocators, and private investors an opportunity to learn about the strategy and specific investment ideas of the world's best investors. Funds raised from the conference support the treatment and cure of pediatric cancer and other childhood diseases. To date, the event has raised more than $20 million.

For more information about the contest, visit http://www.irasohnconference.com/contest.

About the Ira Sohn Investment Conference

The Ira Sohn Investment Conference was founded in 1995 after the untimely passing of Ira Sohn. Sohn was a successful trader on Wall Street who battled cancer and passed away at the age of 29. His courageous battle with cancer inspired his friends to launch the annual Ira Sohn Investment Conference.

Proceeds from the conference are donated to organizations dedicated to the care and treatment of children with pediatric cancer and other life-threatening illnesses. The organizations served include Memorial Sloan-Kettering Cancer Center, the Tomorrows Children's Fund at Hackensack University Medical Center, New York-Presbyterian Hospital/Weill Cornell Medical Center, and ArtWorks, an art therapy program that allows children fighting diseases to express themselves through art.

More information on the upcoming 16th Annual Ira Sohn Investment Conference is available at http://www.irasohnconference.com/.

Contact Information:

Contact:
Carla Pisarro
(212) 784-5703
CPisarro@GroupGordon.com