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Cardium Reports on Third Quarter 2009 Financial Results and Recent Developments
Date:11/10/2009

====== =========== ========== =========== * The following pro forma adjustments were made solely as supplemental financial information to help investors and the financial community make meaningful comparisons of operating results from one financial period to another. 1. Non-cash stock based compensation is excluded. 2. The non-cash change in the fair market of derivative liabilities is excluded. This is the effect of non-cash charges associated with the treatment of the value of certain derivative securities under newly- adopted EITF 07-05, which effects can vary substantially each quarter along with changes to the price of the underlying common stock during the quarter. 3. Debt discount (non cash) was added back to reflect the actual amount of debt owed at the end of each period reported. 4. Non cash derivative liabilities were excluded. 5. Non cash charges for the amortization of the debt discount were removed. * Note: Additional pro forma information is included. The Company presents this information to investors as an additional tool for evaluating the Company's financial results in a manner that reflects ongoing operations and facilitates comparisons with operating results from prior periods. The presentation of this additional non-GAAP information is intended to provide investors with additional incremental tools for their review of the Company's results and is not meant to be considered in isolation or as a substitute for the actual net income and balance sheet information prepared and provided in accordance with GAAP.

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