Barrack, Rodos & Bacine Class Action Alert - SIRN, NEON -.

PHILADELPHIA--(BUSINESS WIRE)--July 16, 1999--

Counsel for Class Plaintiff, Barrack, Rodos & Bacine, today issued the following:

You should be aware that class action complaints involving the securities of the companies listed below were filed on behalf of investors by the law firm of Barrack, Rodos & Bacine:

COMPANY                     EXCHANGE     SYMBOL     CLASS PERIOD
New Era of Networks, Inc.   NASDAQ       NEON       10/29/98-7/7/99
Sirena Apparel Group, Inc.  NASDAQ       SIRN       11/12/98-6/7/99
                                          and SIRNQ

The New Era (NEON) complaint, filed in the District of Colorado, charges New Era and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 as well as Rule 10b-5 promulgated thereunder. The complaint alleges that defendants issued a series of materially false and misleading statements concerning the company's operations and earning trends. Because of the issuance of a series of false and misleading statements, the price of New Era common stock was artificially inflated during the Class Period. Before the disclosure of the adverse facts described above, certain insiders sold thousands of shares of New Era common stock to the unsuspecting investing public at artificially inflated prices and the Company completed several corporate acquisitions using its artificially inflated common stock as currency.

The Sirena (SIRN and SIRNQ) complaint, filed in the Central District of California, charges Sirena and principal officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that beginning in November 1998, defendants made false and misleading statements about Sirena's operations and earnings. More particularly, plaintiff alleges that Sirena filed false financial statements for the 1st, 2nd and 3rd quarters of fiscal 1999. On June 7, 1999, Sirena announced that there were accounting irregularities at the Company and that Sirena would have to restate its financial results for the first three quarters of fiscal 1999. The Company announced it would be taking materials charges which would include the writedown of inventory and the writeoff of certain deferred expenses. The Company also announced the termination of defendants Newman and Gerhart, the CEO/Chairman and CFO, respectively. As a result of the false public statements and financials, Sirena stock traded as high as $9 during the Class Period. After the June 7, 1999 announcement, the stock fell to as low as $1.875 per share.

Barrack, Rodos & Bacine has extensive experience in prosecuting investor class actions. Barrack, Rodos & Bacine has prosecuted securities, antitrust and consumer class actions for over 20 years from offices in Philadelphia, San Diego, New York, Boston and New Jersey, and has been designated lead counsel by federal and state courts across the country in large, complex cases. One Court has described the firm as "recognized nationally to be a leading and skillful practitioner in the field of complex class actions." For more information about Barrack, Rodos & Bacine, please visit our website at www.barrack.com.

If you are a member of one or more of the Classes described above, you may move the Court to serve as lead plaintiff of the Class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss these cases or have any questions concerning your rights or interests, please immediately contact:

Maxine S. Goldman,

Shareholder Relations Manager

BARRACK, RODOS & BACINE, Counsel for Class Plaintiffs

3300 Two Commerce Square 2001 Market Street

Philadelphia, PA 19103 800/417-7305 toll free or

215/963-0600 888/417-7306 toll free or 215/963-0838

- fax numbers e-mail at [e-mail]