Advising the Lead Underwriter on IPO for Selway Capital

ZAG/S&W acted as counsel to Aegis Capital Corp, the lead underwriter in the $20 million IPO of Selway Capital Acquisition Corporation (OTCBB:SWCAU), a public acquisition company located in Englewood, New Jersey. Selway was formed for the purpose of merging with or acquiring an operating business. Selway's management team, which now has 18 months to complete an acquisition of an operating company, includes top figures in the Israeli technology industry, including Yair Shamir, former chairman of the IAI (Israeli Aircraft Industries) and the son of former Israeli prime minister Yitzchak Shamir.