ProPhase Labs Rejects $1.60 Proposal from Matrixx - ProPhase Labs (NASDAQ:PRPH)

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ProPhase Labs, Inc.(NASDAQ: PRPH) (www.ProPhaseLabs.com) announced today that it hasrejected the revised and unsolicited, non-binding proposal fromMatrixx Initiatives, Inc. ("Matrixx") to acquire the Company for$1.60 per share in cash. This most recent proposal, like their prior$1.40 per share proposal, is conditioned on further due diligence byMatrixx. Matrixx is the owner of the Zicam(R) brand of cold andallergy products and is a direct competitor to ProPhase'sCold-EEZE(R) Cold Remedy product line.

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