CryoLife's Earnings Per Share Increased 180 Percent to $0.14 in Second Quarter of 2008 from $0.05 in Second Quart...(le to the Company the Company may not ha...)

Date:7/31/2008

le to the Company, the Company may not have sufficient resources to pay punitive damages (which are not covered by insurance) or other liabilities in excess of available insurance, the Company may be unable to obtain sufficient financing to fully pursue its strategic plan and future healthcare policies, healthcare reimbursement methods, and healthcare reimbursement policies may affect the availability, amount, and timing of the Company's revenues. These risks and uncertainties include the risk factors detailed in CryoLife's Securities and Exchange Commission filings, including CryoLife's Form 10-K filing for the year ended December 31, 2007, its most recent Form 10-Q, and the Company's other SEC filings. The Company does not undertake to update its forward-looking statements.

Media Contacts:

D. Ashley Lee Katie Brazel

Executive Vice President, Fleishman Hillard

Chief Financial Officer and Phone: 404-739-0150

Chief Operating Officer

Phone: 770-419-3355

CRYOLIFE, INC. AND SUBSIDIARIES

Financial Highlights

(In thousands, except per share data)

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

(Unaudited) (Unaudited)

Revenues:

Preservation services $13,725 $11,711 $27,149 $24,672

Products 13,280 11,156 25,260 22,551

Other 150 144 314 312

Total revenues 27,155 23,011 52,723 47,535

Costs and expenses:

Preservation services

(including write-downs of

$307
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SOURCE CryoLife, Inc. Copyright©2008 PR Newswire. All rights reserved

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