STAMFORD INDUSTRIAL GROUP, INC. TO PRESENT AT THIRD ANNUAL SANDERS MORRIS HARRIS INVESTOR GROWTH CONFERENCE

Conference located at The Palace Hotel, New York City, November 8-9, 2007

Stamford, CT, November 1, 2007 – Stamford Industrial Group, Inc ("SIG") (OTC: STMF.PK) today announced that Al Weggeman, the Company's CEO and Jonathan LaBarre, the Company's CFO, will present at the Sanders Morris Harris Investor Growth Conference to be held in New York City at the New York Palace Hotel on November 8th and 9th. With more than 400 institutional investors in attendance, the conference will feature presentations from more than 70 leading United States and United Kingdom small and mid-cap companies representing a diverse group of industries including energy, healthcare, environmental, business services, consumer, financial services, and converging media & technology. SIG's presentation is scheduled for November 8, 2007 at 11:30am ET. The conference website is located at http://www.smhcapital.com/events/IGC2007.html

A live webcast of the conference presentation also will be available. To access the webcast, investors should visit www.stamfordig.com or SMH Capital's Website: For those unable to access the live webcast, a replay will be available for 90 days by accessing the web address listed above.

For further information, contact Jonathan LaBarre, Chief Financial Officer at (203) 428-2200.

Stamford Industrial Group, Inc., (f/k/a Net Perceptions, Inc.) formerly a provider of marketing software solutions recently redeployed its assets with the October 3, 2006 acquisition of Concord Steel, a leading independent manufacturer of steel counter-weights and structural weldments that are incorporated into a variety of industrial equipment, including aerial work platforms, cranes, elevators and material handling equipment. Stamford Industrial Group is currently working to build a diversified global industrial manufacturing group through both organic and acquisition growth initiatives that will both complement and diversify existing business lines.

Sanders Morris Harris Group (SMHG) is a financial services holding company headquartered in Houston that manages approximately $15.8 billion in client assets. The subsidiaries and affiliates of Sanders Morris Harris Group deliver superior wealth advisory, asset management, and capital markets services to individual and institutional investors and middle-market companies. Its operating entities are Edelman Financial Center, Salient Partners, Salient Trust Co. LTA, SMH Capital, SMH Capital Advisors, and Select Sports Group. SMH Capital Markets offers a full range of corporate and investment banking services including: private placements and public offerings of equity and debt securities, financial advisory services, institutional equity sales, trading, and research, as well as prime brokerage services for hedge funds and fixed income securities sales and trading. For more information, please visit http://www.smhib.com

This press release includes "forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. All of these forward-looking statements are based on estimates and assumptions made by our management that, although believed by the Company to be reasonable, are inherently uncertain. Forward-looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of its control, that may cause its business, strategy or actual results to differ materially from the forward-looking statements. The Company may use words such as "anticipates," "believes," "plans," "expects," "intends," "future," and similar expressions to identify forward-looking statements. These risks and uncertainties are described in the "Risk Factors" section of the Company's filings with the Securities and Exchange Commission, including the Company's latest annual report on Form 10-K and amendments thereto and most recently filed Forms 8-K and 10-Q, which may be obtained at our web site at http://www.stamfordig.com or the Securities and Exchange Commission's web site at http://www.sec.gov.