HUDSON TECHNOLOGIES MAINTAINS NASDAQ LISTING

Stock Symbol Returns to HDSN

PEARL RIVER, N.Y. – June 1, 2004 – Hudson Technologies, Inc. (Nasdaq: HDSN), announced today that the Nasdaq Listing Qualification Panel has determined pursuant to an amended exception that, effective with the open of business on Wednesday, June 2, 2004, the fifth character “C” will be removed from the Company’s symbol and the Company’s common stock will continue to trade on The Nasdaq SmallCap Market under the symbol “HDSN.”     

As of June 1, 2004, the Company satisfies Nasdaq’s $2,500,000 shareholders’ equity requirement.  The Panel will continue to monitor the Company’s compliance with the minimum shareholders’ equity standard until the Company has demonstrated an ability to sustain compliance with the minimum shareholders’ equity requirement over the long term.  In this regard, the Company is required by the Panel and expects that it will file its Form 10-QSB for the quarter ending June 30, 2004 with the SEC and Nasdaq on or before August 16, 2004 evidencing continued compliance with the $2,500,000 shareholders’ equity requirement.   

The Company’s stock symbol was changed to “HDSNC” in November 2003 for the period during which its common stock was listed on The Nasdaq SmallCap Market via an exception granted to the Company by the Nasdaq Listing Qualification Panel for the stockholders’ equity/market value of listed securities requirement as set forth in Nasdaq MarketPlace Rule 4310(C)(2)(B).  The amended exception is also conditioned upon the Company’s continued compliance with all of the requirements for continued listing on the Nasdaq SmallCap Market. 

Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry.  Hudson’s proprietary RefrigerantSide® Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems.  Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide® Services offer significant savings to customers due to their ability to be completed rapidly, and can be utilized while the customer’s system continues to operate.  In addition, the Company sells refrigerants and provides traditional recovery and reclamation services to the commercial and industrial air conditioning and refrigeration markets.

 

Investor Relations Contacts:                                                      Company Contact:
Harriet Fried/John Heilshorn                                                         Brian F. Coleman, President & COO
Lippert/Heilshorn & Associates                                                    Hudson Technologies, Inc.
(212) 838-3777                                                                       (845) 735-6000
hfried@lhai.com                                                                       bcoleman@hudsontech.com

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