Becker Poliakoff Securities Attorneys Represent Corporate Client in Successful Secondary Offering

New York, NY, October 7, 2011 Firm Client Authentidate Holding Corp. (NASDAQ: ADAT), a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced that it has entered into definitive agreements with institutional and accredited investors for a direct placement of $4,112,500 of common stock and warrants, at a unit price of $0.70 per share and warrant.

In the transaction, Authentidate will issue a total of 5,875,000 shares of common stock and common stock warrants to purchase up to 2,937,500 shares of common stock. The warrants will be exercisable commencing on the six month anniversary of the date on which they are issued and have an exercise price of $1.00 per share. The warrants will expire on the 4 year anniversary of the initial exercise date.

The company expects to complete the offering on or about October 11, 2011. Proceeds from the offering will be used for working capital and general corporate purposes.

C.K. Cooper & Company, Inc. and Rodman & Renshaw, LLC, a wholly-owned subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq:RODM - News) served as co-placement agents for this offering.

Authentidate was represented by Victor DiGioa, Michael Goldstein, and Brian Daughney in our New York office.