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Uroplasty Reports Continued Progress During Second Quarter of Fiscal 2009
Date:10/29/2008

- Second Fiscal Quarter Net Sales of $3.9 Million; 29% Increase

Year-Over-Year -

- Second Fiscal Quarter U.S. Sales of $2.2 Million; 83% Increase

Year-Over-Year - - Multicenter Clinical Study Launched to Expand Reimbursement, Support

Marketing -

- Conference Call to be Held Today at 3:30 pm Central Time -

MINNEAPOLIS, Oct. 29 /PRNewswire-FirstCall/ -- Uroplasty, Inc. (Amex: UPI), a medical device company that develops, manufactures and markets innovative proprietary products to treat voiding dysfunctions, today reported financial results for the second quarter of fiscal 2009 ended September 30, 2008. Net sales for the second quarter of fiscal 2009 were $3.9 million, up 29% from $3.0 million in the second quarter of fiscal 2008. U.S. sales were $2.2 million, an increase of 83% from $1.2 million in the second quarter of fiscal 2008.

"During our second fiscal quarter, our team continued to execute our strategies and we generated solid growth," said David Kaysen, President and CEO. "In the U.S., support for the Urgent PC(R) system is continuing to build after the release of the initial results of the OrBIT study in May which demonstrated Urgent PC's efficacy to be comparable to the number-one prescribed pharmaceutical for overactive bladder. In addition, we continued to make progress in building sales of Macroplastique(R), which we introduced in the U.S. market in mid-2007," added Mr. Kaysen.

The Urgent PC system is the only FDA-approved minimally invasive nerve stimulation device designed for office-based treatment of urinary frequency, urinary urgency and urge incontinence -- symptoms often associated with overactive bladder. The system is an office-based, nonsurgical, percutaneous tibial nerve stimulation (PTNS) device that treats these symptoms. Macroplastique is an injectable urethral bulking agent for the treatment of
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SOURCE Uroplasty, Inc.
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