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Letter from Alliqua CEO, Dave Johnston, to Shareholders
Date:3/7/2013

NEW YORK, March 7, 2013 /PRNewswire/ -- Alliqua, Inc. (OTCQB: ALQA)

Dear Stockholders,

Two thousand twelve was a year of significant change at Alliqua – change that I firmly believe will set the stage for future growth and success. It was this vision of the future that energized me to join the board of directors and more recently assume the responsibilities as chief executive officer. What I saw was a company with all the necessary building blocks of success:

  • motivated and seasoned management,
  • a proven technology,
  • commercialized and reimbursed products,
  • a U.S. manufacturing facility that can operate at low costs,
  • and a vision to expand into the $20+ billion dollar drug delivery market.

I believe Alliqua has a compelling story that has yet to be told – one that I personally find very exciting. Let's review our 2012 achievements and discuss our plans for future growth.

2012 Achievements: Establishing Strong Leadership and Product Awareness

In the latter part of 2012, we began the first phase of change at Alliqua by bolstering the corporate and medical expertise on our already experienced board of directors through the appointment of Dr. Jerry Zeldis as Chairman. Jerry continues to serve as the chief medical officer of Celgene where, over a 15-year period, he helped build one of the world's most successful publicly traded biotech companies with a current market capitalization in excess of $40 billion. At the same time, I joined the board of directors and then took over as CEO in February of 2013, after having spent the last 25 years operating medical device and wound-care companies. Most recently, I served as the CEO of Convatec Inc., where our team worked to triple overall sales to $1.7 billion, with a large part of those sales derived from the wound care m
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SOURCE Alliqua, Inc.
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