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InspireMD Reports Record Third Quarter 2011 Operating and Financial Results and Strategic Update
Date:11/15/2011

detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission, including the Company's Registration Statement on Form S-1 filed with the SEC on October 12, 2011. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. The Company assumed no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Company Contact:
www.inspire-md.com
Jonina Ohayon
Marketing Director
jonina@inspire-md.com
OTC BB: NSPR

Investor Contact:
Jeffrey Stanlis
Partner, Hayden IR
jeff@haydenir.com
(602) 476-1821INSPIREMD, INC.(FORMERLY SAGUARO RESOURCES, INC.)CONSOLIDATED BALANCE SHEETS(Unaudited)(U.S. dollars in thousands)ASSETSSeptember 30, December 31, CURRENT ASSETS20112010Cash and cash equivalents$
7,485$
36Restricted cash

40250Accounts receivable:Trade

1,778852Other

11775Prepaid expenses

1033Inventory:On hand

1,9051,704On consignment

102371Total current assets

11,5303,891PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation and amortization

346282OTHER NON-CURRENT ASSETSDeferred debt issuance costs

515Funds in respect of employees rights upon retirement

189167Total other non-current assets

194182Total assets

12,0704,355LIABILITIES AND EQUITY (CAPITAL DEFICIENCY)CURRENT LIABILITIESCurrent maturities of long-term loans

183355Accounts payable and accrualsTrade

5621,103Other

2,3371,509Advanced payment from customers

516559Loans from shareholders20Deferred revenues398Total current l
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SOURCE InspireMD
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Related medicine technology :

1. InspireMD Announces the Enrollment of the 1st Patient in the MGuard iMOS Registry, the Registry Will Enroll 1000 Patients
2. For the First Time, at EuroPCR, InspireMD Will Provide a Sneak Preview of the Next Generation MGuard Prime(R), a State of the Art Net Protective Cobalt Chromium Stent System
3. InspireMD Becomes a Supporting Organization in the Growing Stent for Life Initiative
4. InspireMD Boosts MGuard Production Capacity
5. InspireMD to Commence Trading as a Public Company Under Ticker Symbol "NSPR"
6. InspireMD to Participate in Benchmark Company, LLC 2011 One-On-One Investor Conference
7. InspireMD Increases Geographic Penetration; MGuard Stent is Now Available in India
8. InspireMD Promotes MGuard™ at the EuroPCR 2011 Exhibition and Conference in Paris This Week
9. InspireMD Announces Year-to-Date 2011 Progress
10. InspireMD Broadens Global Distribution Network; Signs Distributor for the Russian Federation
11. Sol J. Barer, Ph.D. Joins InspireMD Board of Directors
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