HUDSON TECHNOLOGIES
OBTAINS CONDITIONAL LISTING FROM NASDAQ
Stock Symbol Changed to HDSNC
for Duration of Exception
PEARL RIVER, N.Y. – November 4, 2003
– Hudson Technologies, Inc. (Nasdaq: HDSNC),
announced today that its common
stock will continue to be 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).
Based on the information that Hudson submitted to the Nasdaq Listing
Qualifications Panel, among other information, the Company was
granted a temporary exception from this standard subject to its
meeting certain conditions, including a demonstration of its
achieving shareholders’ equity of at least $4 million by December 5,
2003 and the filing, by March 31, 2004, of its Form 10-KSB for the
fiscal year ending December 31, 2003 evidencing that it had
shareholders’ equity of at least $2.5 million. The exception will
expire if the Company does not meet either of the two conditions
stated above by the requisite time periods or if the Company does
not satisfy any of the remaining criteria for continued listing.
In the event the Company is deemed to have met the terms of the
exception, its common stock shall continue to be listed on The
Nasdaq SmallCap Market. If, at some future date, the Company's
securities should cease to be listed in the Nasdaq SmallCap Market,
they may continue to be listed in the OTC Bulletin Board.
For the duration of the exception, the Company's Nasdaq symbol will
be HDSNC.
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