NEW YORK, NY -- (MARKET WIRE) -- 11/21/06 -- Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") today announced that a consolidated class action complaint has been filed in the United States District Court for the District of New Jersey on behalf of Lead Plaintiff Arkansas Teacher Retirement System ("Arkansas Teachers") and all similarly situated purchasers of SFBC International, Inc. (k/n/a/ Pharmanet Development Group, Inc.) ("SFBC" or the "Company") formerly (NASDAQ: SFCC) now (NASDAQ: PDGI) securities during the period between August 4, 2003 and December 15, 2005 (the "Class Period"). The case is captioned In re SFBC International, Inc. Securities & Derivative Litig., Case No. 2:06-cv-00165, and is assigned to the Honorable Stanley R. Chesler. You can view a copy of the Complaint as filed online at http://www.blbglaw.com/complaints/SFBCClassActionComplaint-11.01.06.pdf.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Lead Plaintiff's counsel J. Erik Sandstedt or John C. Browne of BLB&G at 212-554-1400, or via email at erik@blbglaw.com or johnb@blbglaw.com, respectively.

SFBC provides clinical drug development services to pharmaceutical, biotechnology, and medical device companies. Its primary services are clinical tests of development-stage drugs in human subjects who are paid to participate in the experiments.

The Complaint alleges that during the Class Period, SFBC and its senior officers and directors violated the federal securities laws by making false and misleading periodic filings with the Securities and Exchange Commission ("SEC") and making other false and misleading statements to investors. Specifically, the Complaint alleges that Defendants (1) misrepresented the condition of the Company's primary Miami facility and failed to disclose that this facility -- which was responsible for approximately 30% of the Company's operating profit -- was in violation of numerous occupancy, zoning and other regulations such that Miami Dade County authorities have since ordered the facility to be demolished; (2) misrepresented and failed to disclose numerous unethical and dangerous clinical testing practices and conflicts of interest that threatened the Company’s reputation; (3) misrepresented and failed to disclose related-party transactions during the Class Period; and (4) misrepresented the qualifications of SFBC’s senior management team.

Based on these allegations, the Complaint asserts that Defendants SFBC, former President Lisa Krinsky, former CEO Arnold Hantman, and former Vice President of Clinical Operations Greg Holmes violated Section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, and that Krinsky, Hantman and Holmes violated Section 20(a) of the Exchange Act.

The Complaint also asserts claims under the Securities Act of 1933 (the "Securities Act") against certain defendants based upon untrue and misleading statements contained in registration statements filed by SFBC with the SEC in connection with (1) a February 2005 registration of 2.25% Convertible Senior Notes Due 2024; and (2) a March 2005 secondary offering of approximately 3.5 millions shares of SFBC common stock. With respect to the March 2005 Secondary Offering, the Complaint alleges that Defendants SFBC, Krinsky, Hantman, David Natan, Jack Levine, David Lucking, Leonard Weinstein, UBS Securities LLC, Jefferies & Company, Inc., Advest, Inc., Robert W. Baird & Co. Inc., Jesup & Lamont Securities Corp., and Wunderlich Securities, Inc. are liable to the Class for violations of Section 11 of the Securities Act, and Defendants SFBC, Krinsky, Hantman and the Stock Underwriters are liable to the Class for violations of Section 12(a)(2) of the Securities Act, and Defendants Krinsky, Hantman and Holmes are liable to the Class for violations of Section 15 of the Securities Act.

Arkansas Teachers is a government-sponsored, defined benefit retirement plan that provides retirement and other benefits to employees of Arkansas state agencies, colleges and universities. Arkansas Teachers has approximately $10 billion under management.

CONTACT:
Bernstein Litowitz Berger & Grossmann LLP, New York, N.Y.

J. Erik Sandstedt, Esq.
(212) 554-1400
erik@blbglaw.com

John C. Browne, Esq.
(212) 554-1400
johnb@blbglaw.com

Alexander Coxe
Marketing Director
(212) 554-1423
alex@blbglaw.com