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Cardium Provides Update on Exchange Listing and Related Business Matters
Date:8/29/2011

MedPodium product line, the Company has reviewed a number of potential strategic acquisitions, which would not only build stockholders' equity (in satisfaction of the listing requirement), but would at the same time broaden and accelerate the development of its MedPodium business as a means of enhancing near-term revenues.  The Company's modified plan and request for an extension of the compliance period relates to such a proposed strategic acquisition.  In the event the modified plan and request were not accepted and the exchange elected instead to initiate the next stage of procedures related to a potential delisting, then the Company would still be provided with an additional period of time in which to appeal any such determination in order to establish compliance.

These matters have no current effect on the listing or the trading of the company's shares on the exchange.  The Company's stock will continue to trade on the exchange while these matters are considered, and throughout the period of time under which any appeal is under consideration and/or the Company is able to reestablish compliance through the completion of its proposed strategic acquisition or alternative paths for increasing stockholders' equity.  Even if the Company did not ultimately reestablish compliance within any established period, and did not successfully appeal any potential future determination regarding a delisting, or if it otherwise elected not to continue listing with its current exchange, then Company's stock would continue to be traded electronically, as it is now, but on the OTC Bulletin Board, a regulated quotation service that provides quotes, sale prices and volume information in over-the-counter equity securities.  The company's common stock was traded on the OTC Bulletin Board until July 2007, when the company elected to instead list its shares on the American Stock Exchange.

"We look forward to the acquisition of new products and busine
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SOURCE Cardium Therapeutics
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