|FINRA Arbitration Panel Denies ALSC Claims|
|Menlo Park, CA-November 8-2011:|
Alliance Semiconductor Corporation (Pink Sheets: ALSC) announced today that a FINRA arbitration panel has denied all claims brought by Alliance Semiconductor against JP Morgan Securities. Bryant Riley, Alliance Chairman said, "This result is disappointing. We will continue our efforts to maximize value in our Ambac Preferred position." A copy of the decision will be posted on the finra website at finraawardsonline.finra.org.