UNITED STATES
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CHAD THERAPEUTICS
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[LOGO] 21622 PLUMMER STREET
CHAD CHATSWORTH, CA 91311
THERAPEUTICS TOLL FREE: 800.432.8870
THE AMBULATORY O2 SPECIALISTS! PHONE: 818.882.0883
MAIN FAX: 818.882.1809
FOR IMMEDIATE RELEASE
COMPANY CONTACT: INVESTOR CONTACT:
EARL L. YAGER NEIL BERKMAN ASSOCIATES
PRESIDENT (310) 277 - 5162
WWW.CHADTHERAPEUTICS.COM INFO@BERKMANASSOCIATES.COM
Institutional Shareholder Services
Recommends CHAD Therapeutics Shareholders
Vote For Management's Slate of Directors
CHATSWORTH, California, September 3, 2003 . . . CHAD Therapeutics, Inc.
(ASE:CTU) announced today that Institutional Shareholder Services (ISS), the
nation's leading independent stockholder advisory organization, has recommended
a vote in favor of CHAD's nominees to the Board of Directors at the 2003 Annual
Meeting of Shareholders to be held on September 9, 2003.
ISS cited many of the arguments the Company raised in its letters to
shareholders in support of its decision to recommend a vote in favor of CHAD's
nominees and not the dissident shareholder who has been waging a proxy contest
in an attempt to elect himself to CHAD's Board of Directors.
Thomas E. Jones, CHAD's Chief Executive Officer, said, "We are pleased to
have the recommendation of ISS based on its independent review. We also are
thankful for the many expressions of support we have received from individual
shareholders who recognize the success of our turnaround plan. We strongly
believe that the best way to enhance value for CHAD shareholders is to build a
solid company with quality products that meet the needs of our customers and
their home oxygen patients. We have introduced a number of new products over the
past three years that have been the foundation of our turnaround, and we have
entered into new technology agreements this year that expand our efforts in this
area. We urge our shareholders to support CHAD's nominees on the WHITE proxy
card."
About CHAD Therapeutics
CHAD Therapeutics, Inc. is in the business of developing, producing and
marketing respiratory care devices designed to improve the efficiency of oxygen
delivery systems for home health care and hospital treatment of patients
suffering from pulmonary diseases. For more information, visit
www.CHADtherapeutics.com.
Safe Harbor Statements under the Private Securities Litigation Reform Act of
1995.
The foregoing statements regarding prospects for future earnings and
revenues, future sales trends and the introduction of products under development
are forward-looking statements that involve certain risks and uncertainties. A
number of important factors could cause actual results to differ materially from
those contemplated by such forward-looking statements. These include the loss of
one or more major customers, increased competition, the introduction of new
products with perceived competitive advantages over the Company's products,
changes or proposed changes in health care reimbursement which affect home care
providers and CHAD's ability to anticipate and respond to technological and
economic changes in the home oxygen market. Moreover, the success of the
Company's products and products under development will depend on their efficacy,
reliability and the health care community's perception of the products'
capabilities and benefits, the degree of acceptance the products achieve among
homecare providers and, with respect to products under development, obtaining
timely regulatory approval. Additional factors that could cause actual results
to differ materially from those contemplated in this press release can be found
in the Company's annual and quarterly reports filed with the Securities and
Exchange Commission under the caption "Outlook: Issues and Risks."
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#3382
CHAD, OXYMATIC, OXYMIZER, OXYLITE, AND TOTAL O2 ARE REGISTERED TRADEMARKS OF
CHAD THERAPEUTICS, INC.
ISO 9001 CERTIFIED COMPANY
WWW.CHADTHERAPEUTICS.COM