HUDSON TECHNOLOGIES
ANNOUNCES CLOSING OF
THE RIGHTS PORTION OF ITS COMMON STOCK OFFERING
PEARL RIVER, N.Y. – Nov. 11, 2003 – Hudson
Technologies, Inc. (Nasdaq: HDSNC), today announced the closing
of the rights portion of the current offering to its common
stockholders. Subscriptions received through November 7, 2003
totaled 73,600 shares, resulting in gross proceeds of $80,960.00.
The offering did not require that a minimum number of shares be
sold, and the Company intends to close on sales of shares with
respect to the subscriptions received.
The remaining 5,092,720 unsubscribed shares will be offered to
members of the public at the same subscription price of $1.10 per
share. Such offer will expire on November 20, 2003 unless the
Company decides to extend the date.
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
