Charles & Colvard, manufacturer of moissanite, announced recently that it has
retained RJ Falkner & Company to
develop and implement a comprehensive investor relations program for the company.

“We selected RJ Falkner & Company as our investor
relations firm because of its expertise in shareholder communications and the
relationships that its research analysts have developed within the investment
community over the past 41 years,” stated Randy N. McCullough, Charles
& Colvard CEO.

The agreement between Charles & Colvard and RJ Falkner
& Company covers at least one year and provides for assistance in investor
relations, press release development, the preparation and distribution of
independent analyses and research reports, and other related services of
benefit to Charles & Colvard.

Any forecasts, projections and/or conclusions contained in
the research reports published by RJ Falkner & Company will be
independently prepared by RJ Falkner & Company, unless otherwise stated,
and will not be endorsed by the management of Charles & Colvard.

JCK