Headline: YDRON TECHNOLOGIES, INC. - Hydron Technologies Announces: Harvey
Tauman Resigns As Director And Action
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Hydron Technologies, Inc.
Executive Officer, President and Treasurer of Hydron Technologies, Inc. was
terminated by the Company on September 19, 1997, resigned his position as a
Director of the Company. In addition, Mr. Tauman commenced an action against
the Company in the Circuit Court of the Fifteenth Judicial District in and for
Palm Beach County, Florida, alleging breach of contract in connection with the
termination of his employment and seeking damages, of not less than $4
million, plus interest. In his complaint Mr. Tauman also seeks a declaration
that his employment was terminated without cause and that he may continue to
exercise his stock options to purchase 300,000 shares for the duration of
their term notwithstanding the termination of his employment. The Company is
reviewing Mr. Tauman's complaint and intends to defend the action vigorously.
Hydron Technologies develops a broad range of personal care products,
including skin care, hair care, bath and body, and topical over-the-counter
pharmaceutical products, based on its proprietary and patented Hydron polymer
technology. The company markets its products through direct response
television and by catalog. Catalogs are available by calling 1-800-4-HYDRON.
SOURCE Hydron Technologies, Inc.
TEL: Richard Banakus, Hydron Technologies, 561-994-6191, ext. 112 |
