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STATEMENT BY CHAIRMAN OF MERIS LABORATORIES

 STATEMENT BY CHAIRMAN OF MERIS LABORATORIES
 SAN JOSE, Calif., Sept. 14 /PRNewswire/ -- Chris Riedel, former


president and chief executive officer of Meris Laboratories, Inc. (NASDAQ: MERS), issued the following statement in response to a press release issued by Meris Sept. 9:
 "I resigned last week as an employee of Meris for a number of reasons, some of which I do not feel are appropriate to divulge at this time. Since rejoining Meris, I have had, in my view, no meaningful ability to effect change at the company, address operational problems, stem the loss of key personnel or modify Meris' current acquisition plans, with which I strongly disagree. As Meris' founder, largest shareholder and chairman of the board, I believe the Board of Directors, a majority of which is currently composed of inside directors with inherent conflicts of interest, should be replaced by an independent, outside, shareholder-oriented board."
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ML -- NYON4 -- 8882 09/14/92 08:07 EDT
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Publication:PR Newswire
Date:Sep 14, 1992
Words:161
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