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Quigley Corporation Receives Support from Leading Independent Proxy Advisory Firms; RiskMetrics and Glass Lewis Reject Dissident Stockholder Ted Karkus, Citing Failure to Provide Detailed Business Plan
Date:5/12/2009

DOYLESTOWN, Pa., May 12 /PRNewswire-FirstCall/ -- The Quigley Corporation (Nasdaq: QGLY) www.quigleyco.com, today announced that the world's leading independent proxy advisory firms RiskMetrics Group ("RMG"), (formerly ISS-Institutional Shareholder Services), and Glass Lewis & Co. have recommended that stockholders vote the Quigley Corporation WHITE proxy card and reject dissident investor Ted Karkus' solicitation seeking control of the Board of Directors at the Company's upcoming annual meeting to be held on May 20, 2009. Both governance advisory services noted that Mr. Karkus has not provided a detailed plan to manage the Company.

In its report, issued on May 10, 2009, Glass Lewis states that the Dissident has failed to justify the removal of the incumbent Directors and the election of its nominees. With that, Glass Lewis also notes that just one of the dissident nominees has relevant pharmaceutical industry exposure and public company board experience. It is Glass Lewis' opinion that the incumbent Board and management have an effective plan in place and note the long-term performance of the Company's Pharma business. Accordingly, Glass Lewis indicated that the election of the Dissident nominees is not warranted at this time and recommends that shareholders vote FOR all the Quigley Corporation incumbent nominees.

In its report, dated May 10, 2009, RMG stated that it believes that Mr. Karkus' plan is "very general and lacks specifics," thereby making it difficult for shareholders to know what they would do differently. RMG noted that it requires from the dissidents a well-reasoned and detailed business plan (including the dissidents' strategic initiatives), a transition plan that describes how the change in control of the company will be effected, and if appli
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SOURCE Quigley Corporation
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