Ted Karkus Appointed Interim Chief Executive Officer Of The Quigley Corporation
18 June 2009 - 10:07PM
PR Newswire (US)
DOYLESTOWN, Pa., June 18 /PRNewswire-FirstCall/ -- The Quigley
Corporation, (NASDAQ:QGLY), http://www.quigleyco.com/, today
announced that Ted Karkus, Chairman of the Board of The Quigley
Corporation, has been appointed Interim Chief Executive Officer by
the Board of Directors of the Company. Mr. Karkus will serve in
this role effective June 18, 2009 and will be compensated at a rate
of $5,000 per week for his services. Mr. Karkus will temporarily
assume the duties and responsibilities of Interim Chief Executive
Officer while the Board of Directors reviews the Company's
operations and staffing at the executive management level. This
appointment may be terminated by the Board of Directors at any
time. About The Quigley Corporation The Quigley Corporation
(NASDAQ:QGLYNASDAQ:http://www.Quigleyco.com) is a diversified
natural health medical science company. Its Cold Remedy segment is
a leading marketer and manufacturer of the COLD-EEZE(R) family of
lozenges, gums and sugar free tablets clinically proven to cut the
common cold nearly in half. COLD-EEZE customers include leading
national wholesalers and distributors, as well as independent and
chain food, drug and mass merchandise stores and pharmacies. The
Quigley Corporation has several wholly owned subsidiaries; Quigley
Manufacturing Inc. consists of two FDA approved facilities to
manufacture COLD-EEZE(R) lozenges as well as fulfill other contract
manufacturing opportunities. Quigley Pharma Inc.
(http://www.quigleypharma.com/) conducts research in order to
develop and commercialize a pipeline of patented botanical and
naturally derived potential prescription drugs. Forward-Looking
Statements Certain statements in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and involve known and
unknown risk, uncertainties and other factors that may cause the
Company's actual 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: Ted
Karkus Media Investor Relations Chairman of the Board, CEO Karen
Pineman Carl Hymans The Quigley Corporation G.S. Schwartz & Co.
G.S. Schwartz & Co. (516) 569-9999 212.725.4500 212.725.4500
DATASOURCE: The Quigley Corporation CONTACT: Ted Karkus, Chairman
of the Board, CEO, The Quigley Corporation, +1-516-569-9999; Media,
Karen Pineman, G.S. Schwartz & Co., +1-212-725-4500, , or
Investor Relations, Carl Hymans, G.S. Schwartz & Co.,
+1-212-725-4500, Web Site: http://www.quigleyco.com/
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