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Angeion History In 1988, the Company merged with Verde Ventures Incorporated, a public company. The merged entity took the name Angeion Corporation, and Angeion thus became a public company. (Nasdaq: ANGN) In 1990, the Company acquired a company engaged in automatic implantable cardioverter defibrillator (ICD) systems, and for the next decade, the design and manufacture of ICDs was Angeion’s primary business. In 1999, Angeion acquired Medical Graphics Corporation (www.medgraphics.com), a company engaged in the design and manufacture of gas exchange metabolic analyzers for the diagnosis of cardiorespiratory diseases. These systems were marketed under the brand MedGraphics to the hospital, clinic and physicians’ office market. In 2000 also, Angeion discontinued its ICD operations and focused exclusively its core strength as a manufacturer and marketer of leading edge cardiorespiratory diagnostic equipment. In 2001, the Company adapted its technology for use in physical conditioning, weight loss and athletic training. The Company introduced the New Leaf brand (www.newleaffitness.com), as the umbrella brand for its health and fitness club products. |
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In May 1986, Angeion
Corporation was incorporated
in Minnesota for the purpose of developing, manufacturing
and selling medical products. The Company initially engaged in
contract manufacturing while designing proprietary products.