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ATS Medical Announces Preliminary Fourth Quarter 2009 Results
Date:1/11/2010

MINNEAPOLIS, Jan. 11 /PRNewswire-FirstCall/ -- ATS Medical, Inc. (Nasdaq: ATSI), manufacturer and marketer of state-of-the-art cardiac surgery products and services today announced preliminary fourth quarter 2009 revenue and net loss figures in advance of a presentation by ATS Medical's President and Chief Executive Officer, Michael Dale, at the 28th Annual J.P. Morgan Healthcare Conference on Wednesday, January 13, 2010, in San Francisco, CA, at 8 a.m. Pacific Time (11:00 a.m. Eastern Time).

(Logo: http://www.newscom.com/cgi-bin/prnh/20040202/ATSILOGO)

ATS Medical announced that it expects fourth quarter 2009 revenues in the range of $18.4 to $18.8 million, compared to revenue of $18.0 million in the fourth quarter of 2008, which represents growth of approximately 2 to 4%. Preliminary annual revenue is estimated at approximately $75.4 to $75.8 million, an increase of approximately 15% versus 2008, compared to prior guidance for 2009 of $77.0 to $79.0 million. The shortfall from guidance was primarily related to a slowdown in growth of the Company's worldwide mechanical valve business and lower than planned growth for the Company's surgical ablation business within the United States. The Company's tissue valve business posted strong growth during the quarter. The Company's fiscal fourth quarter 2009 growth rate was also negatively impacted by four fewer selling days within the quarter compared to the fourth quarter of 2008.

Additionally, the Company announced it expects to recognize a restructuring charge in the fourth quarter of approximately $1.0 to $1.5 million related to its international organization. The Company also expects to generate an
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SOURCE ATS Medical, Inc.
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