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The Quigley Corporation Reports First Quarter 2008 Results - Increases Investment in Pharmaceutical R&D Future
Date:4/24/2008

(0.02)

Net income (loss) ($0.12) ($0.15)

Diluted weighted average common shares

outstanding: 12,859,433 12,684,633

Consolidated Balance Sheets (Unaudited)

The following represents condensed financial data (in thousands) at March 31, 2008 and December 31, 2007:

2008 2007

($) ($)

Cash & cash equivalents 16,265 15,134

Accounts receivable, net 3,379 6,649

Inventory 4,312 4,136

Total current assets 24,540 28,835

Total assets 28,806 33,502

Total current liabilities 7,124 10,258

Total stockholders' equity 21,683 23,244

CONTACT:

George J. Longo Carl Hymans

Vice President, CFO G.S. Schwartz & Co.

(215) 345-0919 (212) 725-4500

carlh@schwartz.com


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SOURCE The Quigley Corporation
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