SFMS Appointed Co-Lead Counsel For Lead Plaintiff And Proposed Class in In re Faro Technologies Securities Litigation

April 26th, 2006

On April 26, 2006, SFMS was appointed Co-Lead Counsel with The Edgar Law Firm, LLC to represent the Court appointed Lead Plaintiff, Kornitzer Capital Management, Inc., and the proposed class of purchasers of securities of Faro Technologies, Inc. The action is pending in the United States District Court for the Middle District of Florida, has been assigned to the Honorable Anne C. Conway and is captioned In re Faro Technologies Securities Litigation, Case No. 6:05-cv-1810-Orl-22DAB. Pursuant to the Court's Order, SFMS will be filing a Consolidated Amended Complaint on or before May 16, 2006. SFMS anticipates that the Consolidated Amended Complaint will substantially expand upon the allegations contained in the initial complaints alleging securities fraud that were filed against Faro Technologies, Inc. and certain of its Officers and Directors and that the Consolidated Amended Complaint will expand the proposed class period asserted in the initial complaints. If you would like to receive a copy of the Consolidated Amended Complaint when it is filed or you have any questions regarding this action, please telephone James E. Miller at 866-540-5505 or e-mail him at the following address: jmiller@sfmslaw.com.