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Alliqua's CEO Issues Midyear Corporate Update for Shareholders
Date:7/30/2013

LANGHORNE, Pennsylvania, July 30, 2013 /PRNewswire/ --

David Johnson, CEO of Alliqua, Inc. (OTCQB: ALQA) ("Alliqua" or "the Company"), has issued the following letter to shareholders:

Dear Shareholders,

I am happy to issue this midyear letter in the midst of several exciting developments at the Company.  

First, I am pleased to report that we are quite encouraged about our Q2 sales. For the second quarter ending on June 30, 2013, Alliqua Inc. reported revenue of $499,000, a 93% increase over the second quarter of 2012, and a 28% increase over the first quarter of 2013. This revenue growth was largely the result of a renewed focus on our contract manufacturing business, both from existing and new customers.  While we are pleased with this performance in contract manufacturing, we recognize that the second quarter also benefitted somewhat from accelerated customer orders. We look forward to expanding revenue from our proprietary products in wound care beginning in the current quarter.

Second, as was announced earlier this month, we recently completed a capital raise that was led by our Board and management, both demonstrating our commitment to Alliqua and our confidence in its future. With this capital raise, our balance sheet became much stronger, with cash reserves of $1.9M and negligible long-term debt at the end of the second quarter of 2013.

Now let me give you a progress report on recent developments and our plans moving forward. I will comment on our five key objectives:

1) Building a World-Class Team

The path toward success starts with having the right team in place, and part of our focus since I took over the helm at Alliqua has been putting that team in place. I could not be happier about the small team of w
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SOURCE Alliqua, Inc.
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