HUDSON TECHNOLOGIES FILES AMENDMENT TO REGISTRATION
STATEMENT FOR RIGHTS OFFERING

 

PEARL RIVER, N.Y. – September 15, 2003 – Hudson Technologies, Inc. (Nasdaq: HDSN), a leading refrigerant services company, today announced today that it has filed an amendment to its registration statement with the Securities and Exchange Commission relating to a proposed common stock rights offering.

Upon effectiveness of the registration statement, each holder of the Company’s common stock on the record date determined by the Company for the distribution of rights will receive one (1) non-transferable right to purchase one (1) share of common stock of the Company at a subscription price of $1.10. 

The registration statement for the rights offering must be declared effective by the SEC before the rights offering may commence. In the event that the SEC declares the registration statement effective, the rights offering will continue for approximately thirty days thereafter, unless the Company decides to extend the expiration date.

As provided for in the registration statement, any stockholder of record who receives rights who fully exercises his or her rights may oversubscribe for additional shares of common stock at the subscription price.  To the extent shares offered are not subscribed for by the stockholders in the rights offering, the Company will offer those shares to members of the public at the subscription price.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the final prospectus, when available, may be obtained from the Company. 

About Hudson Technologies
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 at higher purity levels, and can be utilized while the customer’s system continues to operate.  In addition, the company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets.

 

Investor Relations Contacts:                                                      Company Contact:
Harriet Fried/John Nesbett                                                         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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