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ev3 and FoxHollow Technologies Announce Completion of Merger
Date:10/4/2007

PLYMOUTH, Minn. and REDWOOD CITY, Calif., Oct. 4 /PRNewswire-FirstCall/ -- ev3 Inc. (Nasdaq: EVVV) and FoxHollow Technologies, Inc. (Nasdaq: FOXH) announced today the successful completion of their previously announced merger under which ev3 has now acquired all the outstanding shares of FoxHollow common stock, resulting in FoxHollow becoming a wholly owned subsidiary of ev3.

ev3 and FoxHollow have combined to create an organization that possesses one of the largest U.S. distribution footprints in endovascular devices with one of the broadest and most technologically advanced product offerings. The company's combined product portfolio will include a broad spectrum of products to treat vascular disease in both the peripheral and neurovascular markets, including atherectomy and thrombectomy, PTA balloons, stents, embolic protection devices, infusion catheters/wires, embolic coils and liquid embolics.

Jim Corbett, Chairman of the Board and Chief Executive Officer of ev3 commented, "We are extremely pleased with the outcome of today's vote of the FoxHollow stockholders and the timely completion of the transaction. This merger brings together two industry leaders who share a deep commitment to advancing the treatment of peripheral and neurovascular disease, creating a single, best-in-class technology resource for specialists who treat endovascular disease. Further, the combination has produced a much more financially powerful company, as we expect to generate significan
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SOURCE FoxHollow Technologies, Inc.
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