Lighting Science Group Hires Legal Veteran Zvi Raskin as General Counsel

SATELLITE BEACH, Fla., June 14, 2011 /PRNewswire/ -- Lighting Science Group Corporation (OTCBB: LSCG), a leading American maker of LED-based lighting, announced today that it has hired Zvi Raskin to serve as general counsel. Raskin will oversee all aspects of the Company's legal affairs and advise the senior executive management team on operational and management issues.  He will also advise the Board of Directors on legal issues, regulatory compliance, corporate governance and director responsibilities.

"The aptitude of solid legal counsel should not be limited to the law. Zvi's high level of legal skill is complemented by his decisive leadership, ensuring that the company will be able to traverse the legal and regulatory frontiers that are accompanying our continued growth," said James Haworth, chief executive officer of Lighting Science Group.  

Prior to joining Lighting Science Group, Raskin acted as general counsel and corporate secretary of Schick Technologies, Inc., where he oversaw the company's successful IPO in 1997 and remained with the company following its acquisition by Sirona Dental Systems, Inc.  In his role as general counsel of Schick and Sirona, Raskin was a member of the senior executive management team in addition to operating as the company's compliance officer. Since 2007, he has also provided consulting services to several other technology firms. Raskin started his career practicing law at the New York law firms of Rosneman & Colin and Townley & Updike.

Raskin holds a Juris Doctor degree from Yale Law School. He is a member of the Bars of the State of New York, the United States District Courts for the Southern and Eastern Districts of New York and the United States Court of Appeals for the Second Circuit.

About Lighting Science Group

Lighting Science Group Corporation (OTCBB: LSCG) designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products.  Lighting Science Group offers retrofit LED lamps in form factors that match the form factor of traditional lamps or bulbs and LED luminaires for a range of applications including public and private infrastructure for both indoor and outdoor applications.  Lighting Science Group's Advanced Projects Group business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects.  Lighting Science Group is headquartered in Satellite Beach, Florida; the Company's European operations are based in Goes, The Netherlands; and, the Company has a sales office in Sydney, Australia.  Lighting Science Group employs approximately 600 workers building lighting products from domestic and imported parts. Lighting Science Group is a Pegasus Capital Advisors portfolio company. More information about Lighting Science Group is available at www.lsgc.com.

Forward Looking Statement. Certain statements in this press release may constitute "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.  These statements include, but are not limited to, statements concerning the performance of LSG and its products and/or use terminology such as "anticipate," "assume," "believe," "estimate," "expect," "goal," "intend," "plan," "project," "seek," "target" and variations of such words and similar expressions.  Such statements reflect the current view of LSG with respect to future events and are subject to certain risks, uncertainties and assumptions.   Known and unknown risks, uncertainties and other factors could cause actual results to differ materially from those contemplated by these statements.  In evaluating these statements, you should carefully review the risk factors detailed under "Risk Factors" in our most recent filings with the Securities and Exchange Commission that may cause our actual results to differ materially from these forward-looking statements.  

SOURCE Lighting Science Group Corporation