Glass Lewis & Co. Recommends a Vote for the B. Riley & Co. Dissident Slate of Directors

B. Riley & Co., Inc. today announced that the prominentindependent proxy advisor, Glass Lewis & Co., has recommended thatshareholders of Alliance Semiconductor Corporation (NASDAQ: ALSC) voteFOR the B. Riley & Co., Inc. Nominees for the ALSC Board and not votefor the incumbent board.

In recommending a vote FOR the B. Riley & Co., Inc. Nominees onthe Gold proxy card, Glass Lewis noted that, "(W)e believe that thecurrent board of directors has failed, in more than one area, toprovide adequate oversight regarding the management of the Company."Glass Lewis went on to state, "Considering the current board's patternof a lack of oversight and given the plan presented by the Dissidents,we believe that Alliance shareholders would benefit from theappointment of directors that will be more responsive to therequirements of shareholders."

Bryant Riley the CEO of B. Riley & Co., Inc., stated, "We aregratified that Glass Lewis, an organization dedicated to providingindependent voting advice, has agreed with our conclusion that thecurrent board has been unresponsive to the interests of shareholdersand that our nominees should be elected." With little time left untilthe annual meeting of shareholders, we hope that Alliance shareholderswill vote their GOLD proxy card FOR our Nominees."

CERTAIN INFORMATION CONCERNING PROXY MATERIALS

B. Riley & Co., Inc. has filed a definitive proxy statement withthe Securities and Exchange Commission and mailed it to all holders ofrecord. This proxy statement contains important information aboutRiley's nominees, voting procedures, participants in the proxysolicitation and other matters. These materials can be seen atwww.sec.gov or at the SEC's public reference room at 450 Fifth Street,N.W., Room 1024, Washington, D.C. 20549.

Any shareholder who does not have these materials or Riley's GOLDproxy card can also obtain these free of charge by calling MacKenziePartners at 800-322-2885.