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Judge Rejects Quigley's Claims - Karkus Director Candidates Prevail in Federal Court
Date:5/18/2009

has either Guy Quigley, or Charles Phillips cashed in their respective equity ownership in the Company for personal gain."

In fact, according to Form 4 disclosure statements that Guy Quigley and Charles Phillips filed with the SEC, in 2006 they each sold 375,000 shares of Company stock and collectively received proceeds of over $6 million. Does this sound to you like they never "cashed in their respective equity ownership in the Company for personal gain"?

REASON NUMBER FIVE: We Are Invested In Your Company.

  • The incumbent outside directors own a total of 500 shares of stock. They have no real investment in your Company.
  • By contrast, the Shareholder Nominees own 1,309,323 shares of stock that were bought and paid for with their own funds. We are long term investors in the Company. We only profit if you profit.
  • We are exercising our right to nominate and vote for a new Board of Directors to protect your investment and ours. We hope that you appreciate and support our earnest efforts.
  • We have no current interest or plans to restructure the Company or sell off any operations. The current board missed this opportunity a long time ago. Cold-Eeze revenues have dropped so precipitously, and market conditions have changed so dramatically, that we just don't believe that now is the time to divest any assets.
  • Our goal is to stabilize OTC revenues, eliminate excessive compensation and make sure overhead is in line with revenues so that we can return to profitability and allow the Company to increase, rather than decrease, critical R&D spending. Elect a strong and experienced Board of Directors by voting for the Shareholder Nominees. Let us return our Company's Over-The-Counter products business to profitability and increase R&D spending. Let us implement l
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SOURCE Ted Karkus
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