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Alsius Corporation Reports Record Fourth Quarter and Full Year 2007 Financial Results
Date:3/13/2008

acute care hospitals in the U.S. and abroad, with over 15,000 patients treated to date. Not only is the list of hospitals that have expressed interest in our products growing, but many existing customers are recognizing the potential to use our technology in different areas of the hospital. As a result, more hospitals are ordering multiple systems."

Alsius achieved a number of key milestones last year and during the first quarter of this year, including the following:

-- Corporate Achievements

- Closed the merger with Ithaka Acquisition Corp., in June 2007, which

provided Alsius with capital to support increased sales and

marketing and product development efforts.

- Successfully completed an early warrant exercise program in January

2008, which simplified the company's capital structure by reducing

the number of outstanding warrants.

-- Sales and Marketing Momentum

- Enhanced its sales and marketing infrastructure, including hiring a

new director of U.S. sales, a corporate accounts manager, a sales

manager for the Asia/Pacific region, a national service manager and

a marketing manager to oversee the warming market.

- Catheter utilization rates, or the number of catheters used per

machine per month, exceeded expectations for 2007.

- Average sale price of Alsius systems remained on target and stable.

- Received important endorsements from major hospital group purchasing

organizations representing nearly 3,000 acute care hospitals,

including an exclusive three-year sales, marketing and customer

service contract from Amerinet, and a three-year contract from

Mid-Atlantic Group Network of Shared Services (MAGNET).

- Initiated process to obtain regulatory approval in additional

international markets, including Japan.


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SOURCE Alsius Corporation
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