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The Quigley Corporation Issues Open Letter to Stockholders; Urges Stockholders to Reject Dissident Ted Karkus' Solicitation Efforts
Date:5/7/2009

DOYLESTOWN, Pa., May 7 /PRNewswire-FirstCall/ -- The Quigley Corporation, (Nasdaq: QGLY), www.quigleyco.com, today announced it has issued an open letter to stockholders urging them to reelect its experienced and highly qualified Board of Directors by voting the WHITE proxy card by telephone, Internet or mail today. In urging its stockholders to reject dissident stockholder Ted Karkus' control-seeking solicitation in connection with the 2009 Annual Meeting of Stockholders, the Company noted the following, among other things, in the letter:

  • Karkus has no strategic plan for the Company;
  • The Quigley Corporation has a carefully developed long-term strategic plan that is showing significant progress, including the recent positive finding for its QR-333 drug for the treatment of Diabetic Peripheral Neuropathy; and
  • Karkus' proposed slate of nominees have little to no relevant industry experience and most have never served on a public company board of directors.

The text of the letter to stockholders follows:

May 7, 2009

Dear Fellow Stockholders,

WHO DO YOU WANT LEADING THE QUIGLEY CORPORATION IN TODAY'S CHALLENGING ECONOMIC ENVIRONMENT?

SEASONED DIRECTORS AND EXECUTIVES

OR

A GROUP OF OPPORTUNISTIC INVESTORS WITH LITTLE TO NO

RELEVANT INDUSTRY EXPERIENCE?

WE BELIEVE THE ANSWER IS CLEAR

SUPPORT THE QUIGLEY CORPORATION'S BOARD OF DIRECTORS

VOTE THE WHITE PROXY CARD TODAY

By now
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SOURCE The Quigley Corporation
Copyright©2009 PR Newswire.
All rights reserved

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Related medicine news :

1. The Quigley Corporation Reports First Quarter 2009 Results
2. Unexpected Positive Finding Expands Potential for Quigley QR333 Drug for Diabetic Neuropathy; Findings Suggest Possible Disease Modification
3. The Quigley Corporation Reports Fourth Quarter and 2008 Annual Results; Continues To Invest In Pharmaceutical R&D Future
4. Quigley Announces Completion of Phase IIb Clinical Study of QR-333 For Diabetic Peripheral Neuropathy on November 25, 2008; Collection and Evaluation of Study Data to Begin Immediately Thereafter
5. The Quigley Corporation Reports Third Quarter 2008 Results; Continues Investment in Pharmaceutical R&D Future
6. The Quigley Corporation Names Gerard M. Gleeson to Succeed Retiring George J. Longo as Chief Financial Officer and Director
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8. The Quigley Corporation Reports Fourth Quarter & 2007 Annual Results; Increases Investment to $6.5 million in Pharmaceutical R&D in 2007
9. The Quigley Corporation Announces Sale of Its Health and Wellness Segment
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