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Angeion Corporation Reports Third Quarter Fiscal 2011 Operating Results
Date:9/1/2011

iagnostic products and claims associated with our prior cardiac stimulation products; (10) our ability to defend our existing intellectual property and obtain protection for intellectual property we develop in the future; (11) our ability to develop and maintain an effective system of internal controls and procedures and disclosure controls and procedures; (12) our dependence on third-party vendors and (13) the ability of new members of our senior management to make a successful transition into their new roles and for all members of senior management to ultimately develop and implement a strategic plan. Additional information with respect to the risks and uncertainties faced by the Company may be found in, and the above discussion is qualified in its entirety by, the other risk factors that are described from time to time in the Company’s Securities and Exchange Commission reports, including the Annual Report on Form 10-K for the year ended October 31, 2010. Contact:

Robert M. Wolf

Joe Dorame, Robert Blum, Joe DiazAngeion Corporation

Lytham Partners, LLCChief Financial Officer

(602) 889-9700(651) 766-4874

angn@lythampartners.comANGEION CORPORATION AND SUBSIDIARIESConsolidated Balance SheetsJuly 31, 2011 and October 31, 2010(In thousands except share and per share data)July 31,2011October 31,2010ASSETS(Unaudited)Current Assets:Cash and cash equivalents$   8,084$   6,943Short-term investments9642,721Accounts receivable, net of allowance for doubtful accounts of $46 and $100, respectively4,7015,221Inventories, net of obsolescence reserve of $572 and $599, respectively4,1313,697Prepaid expenses and other current assets 246270Total Current Assets18,12618,852Noncurrent investments-722Property and equipment, net of accumulated depreciation of $3,706 and $3,649, respectively492528Intangible assets, net1,2041,279Total Assets$  19,822$  21,381LIABILI
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