L1-B Visa and I-94 expire on same day

[amphy]

I am in US and my Visa L1-B and I-94 both going to expire on 28th Feb 2011. I totally forgot about my Visa expiry date. What are the chances to extend.

L1-B I can't extend. I-94 can I extend?
What are the possibilities to stay in US after 28th Feb 2011?

[amphy]

Anyone faced this situation earlier?

[kabkaba]

Your company needs to file your extension of status. It should reach USCIS before your I-94 expires. If you have dependents in L2 status, they will need to file I-539 also.