SIGA Appoints Larry Nagel Vice President of Business Development

Business Wire, Dec 2, 1999

NEW YORK--(BUSINESS WIRE)--Dec. 2, 1999--

SIGA Pharmaceuticals, Inc. (NASDAQ: SGPH) announced today that Larry Nagel, a former business development and marketing executive with Uproar and Prodigy, has joined the Company as Vice President of Business Development. In this position, Nagel will be responsible for establishing corporate partnerships and strategic alliances for PeerFinder, SIGA's new Internet communication product.

"Larry brings a wealth of experience in Internet commerce, product development and web stra moves to the next level of online marketing." .com. Prior to that, Nagel was Vice President, Product Development and Marketing at Uproar, the largest inte Previously, Nagel worked as a marketing executive at Prodigy, Inc. where he was responsible for creating andapplication, whose working name is PeerFinder, is designed to enable real-time peer-to-peer communication at or between web sites and to facilitate the building of online communities.

This news release contains forward-looking statement that involve risk and uncertainties. The development of SIGA's products may differ materially from the Company's expectations. For a discussion of important factors that could affect the Company's results, the reader is encouraged to refer to the Company's annual report or Form 10-KSB and quarterly Form 10QSB.