The Quigley Corporation Shareholders Approve Name Change to ProPhase Labs, Inc.
May 06 2010 - 11:00AM
Marketwired
The Quigley Corporation (NASDAQ: QGLY) held its annual shareholder
meeting on Wednesday, May 5, 2010 in Doylestown, Pennsylvania.
During the meeting, shareholders voted to change the name of the
corporation to ProPhase Labs, Inc. In addition to the new corporate
name, the ticker symbol of the company will change to (NASDAQ:
PRPH). The changes in the name and ticker are expected to become
effective on May 6 and May 7, 2010, respectively. The new corporate
website will be www.prophaselabs.com. The Quigley Corporation is
well known as the manufacturer and distributor of Cold-EEZE®,
Kids-EEZE® and other OTC healthcare remedies. The name change
reflects favorable changes in management and direction that have
taken place during the past year.
The name change was one of five proposals overwhelmingly
approved by a substantial majority of the shareholders who voted.
The other four proposals include:
- Re-election of the seven members of the Board of Directors
- The ratification of the 2010 Equity Compensation Plan
- The ratification of the 2010 Directors' Equity Compensation
Plan
- The ratification of Amper, Politziner & Mattia, LLP as our
independent registered public accounting firm for the fiscal year
ending December 31, 2010
"The vote was a culmination and affirmation of more than a year
of very hard work," said CEO Ted Karkus. "The shareholder support
for our team is very much appreciated. Our new identity sets the
stage for a new growth phase for our Company by improving our image
with our important retailers as well as with investors."
The roll-out of the corporate identity change to "ProPhase Labs"
will occur over the next 6-8 weeks. Other aspects of the new
corporate name and identity will include a new corporate logo, and
improved product Cold-EEZE®, and Kids-EEZE® packaging.
About The Quigley Corporation
The Quigley Corporation is a diversified natural health medical
science company. It is a leading marketer and manufacturer of the
Cold-EEZE® family of lozenges and sugar free tablets clinically
proven to significantly reduce the severity and duration of the
common cold. 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 including Quigley
Manufacturing Inc., which consists of an FDA approved facility to
manufacture Cold-EEZE® lozenges and fulfill other contract
manufacturing opportunities, and Quigley Pharma, Inc., which
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" 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; government regulations; the ability of our new
management to successfully implement our business plan and
strategy; our ability to fund our operations including the cost and
availability of capital and credit; our ability to compete
effectively including our ability to maintain and increase our
market share in the markets in which we do business; and our
dependence on sales from our main product, Cold-EEZE®, and our
ability to successfully develop and commercialize new products.
CONTACT Media Relations The Lexicomm Group Wendi Tush
Email Contact (212) 794-4531 Lindsey Gardner Email Contact (570)
479-4895 Investor Relations Ted Karkus Chairman and CEO The Quigley
Corporation (215) 345-0919 x 0
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