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The Quigley Corporation Reports Third Quarter 2008 Results; Continues Investment in Pharmaceutical R&D Future
Date:10/30/2008

tual performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in worldwide general economic conditions, changes in interest rates, government regulations, and worldwide competition.

CONTACT:

Gerard M. Gleeson Carl Hymans

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

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

carlh@schwartz.com

(Tables Follow)

Consolidated Statements of Operations (Unaudited)

The following represents condensed financial data (in thousands) except per share data:

Three-Months Three-Months Nine-Months Nine-Months

Ended Ended Ended Ended

September September September September

30, 2008 30, 2007 30, 2008 30, 2007

($) ($) ($) ($)

Net Sales 6,354 9,132 13,728 17,499

Gross profit 4,082 5,980 8,550 10,913

Sales & marketing expenses 652 865 3,450 3,911

Administrative expenses 1,661 1,868 6,200 6,449

Research & development 955 2,018 3,630 4,792

Income taxes (benefit) - - - -

Income (Loss) from:

Continuing operations 879 1,384 (4,445) (3,674)

Discontinued operations - (55) 876 (445)

Net Income (Loss) 879 1,329 (3,569) (4,119)

Diluted income (loss) per share:
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SOURCE The Quigley Corporation
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