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The Quigley Corporation Reports First Quarter 2009 Results
Date:5/1/2009

3,570 Sales & marketing expenses 2,024 2,232 Administrative expenses 2,290 2,508 Research & development 248 1,411 Income taxes (benefit) - - (Loss) Income from: Continuing operations (2,199) (2,445) Discontinued operations - 876 Net Loss (2,199) (1,569) Diluted income (loss) per share: Continuing operations ($0.17) ($0.19) Income from discontinued operations - 0.07 Net loss ($0.17) ($0.12) Diluted weighted average common shares outstanding: 12,908,383 12,859,433

Consolidated Balance Sheets (Unaudited)

    The following represents condensed financial data (in thousands) at March
    31, 2009 and December 31, 2008:

                                               2009      2008
                                                ($)       ($)

    Cash & cash equivalents                  12,244    11,957
    Accounts receivable, net                  1,796     4,524
    Inventory                                 3,246     3,001
    Total current assets                     18,019    20,666
    Total assets                             21,635    24,369
    Total current liabilities                 6,060     6,595

    Total stockholders' equity               15,575    17,774

    CONTACT:
    Gerard M. Gleeson                 Carl Hymans
    Vice President, CFO               G.S. Schwartz & Co.
    (215) 345-0919                    (212) 725-4500
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SOURCE The Quigley Corporation
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