Porta Systems Corp. Completes One-for-500 Reverse Split; Securities Exchange Act Registration Terminated

Porta Systems Corp. (OTCBB: PORTD). As a result of a one-for-500 reverse split of the common stock which brought the number of record holders of its common stock to fewer than 300, Porta Systems Corp. has filed a Form 15 to terminate its registration under the Securities Exchange Act of 1934. Porta Systems will no longer be subject to the reporting obligations under the Securities Exchange Act, and its common stock will no longer be traded on the OTC Bulletin Board. Any trading of Porta Systems Corp. common stock will be on the pink sheets, although Porta Systems cannot give any assurance that any trading market in the pink sheets will develop or will be sustained. Porta Systems’ symbol was changed to PORTD on February 11, 2010, and it will be changed back to PORT on March 3, 2010.

About Porta Systems Corp.

Porta Systems Corp. designs, manufactures, markets and supports communication equipment used in telecommunications, video and data networks worldwide.

Forward-Looking Statements

Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in the Company’s filings with the Securities and Exchange Commission filings, including the Risk Factors included in the Form 10-K for the year ended December 31, 2008 and the Management’s Discussion and Analysis of Financial Conditions and Results of Operations in the Form 10-K for the year ended December 31, 2008 and the Form 10-Q for the quarter ended September 30, 2009. In addition, general industry and market conditions and growth rates, and general economic conditions could affect such statements. Any forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

Southport Acquisition (PK) (USOTC:PORT)
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