Press Release
Hi-Tech Pharmacal and Chris Dudley Join Forces to Create Awareness in Products for People With Diabetes
AMITYVILLE, N.Y.--(BUSINESS WIRE)--Sept. 27, 2000--Hi-Tech Pharmacal Co., Inc. (NASDAQ: HITK - news) announced today that it has signed an agreement with Chris Dudley, a professional basketball player. According to the agreement, Chris Dudley will be a spokesperson for the line of products designed to enhance the quality of life of people with diabetes that are manufactured and marketed by the Health Care Products Division of Hi-Tech Pharmacal. Chris Dudley, who was diagnosed with Type I diabetes at the age of 16, is widely known for his educational and charitable efforts in the area of diabetes. His special focus is on younger people suffering from the disease and with the goal of helping children with diabetes he founded The Dudley Foundation.
David Seltzer, President and CEO of Hi-Tech, commented on the agreement: ``We are extremely proud to work with such a well known professional athlete and diabetes educator as Chris Dudley. His direct involvement with our company, gives credibility to the effort that we have made at Hi-Tech to create a product line designed for special needs of people with diabetes. Sport events, like the Chris Dudley Basketball Clinic organized by The Dudley Foundation on September 17, 2000, in Purchase, NY is a great way to bring together children and their families with a purpose to educate them and help them live a better and healthier life. For Hi-Tech, active participation in this and similar events organized by The Dudley Foundation, is a unique way to get the message regarding our products, such as Diabetic Tussin®, DiabetiSweet® and others, directly across to kids with diabetes and their families.''
Gary April, President of Health Care Products, added: ``With diabetes spreading like an epidemic and attacking millions of adults and children worldwide, Chris Dudley plays an increasingly important role as an educator and promoter of a healthy life style for kids with diabetes. His effort is in tune with the mission of Health Care Products: to help people with diabetes live a better and healthier life by developing products that meet their special needs. By participating in events organized by The Dudley Foundation we attract consumer awareness in our product line.''
Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company. ``Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risk and uncertainties, including but not limited to the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
