Angeion Corporation Reports First Quarter Profit and
Record Quarterly Revenues

Release of New Leaf EnergySmart™ nutrition planning and tracking system
firmly establishes the Company in the online market for
weight management, health enhancement, and athletic performance

SAINT PAUL, Minn. (March 6, 2006) — Angeion Corporation (NASDAQ NM: ANGN) today
reported results for its first quarter ended January 31, 2006. Key first quarter events included
the following:

• Total revenues were a record $6.9 million—up 37.8 percent from the first quarter of 2005
   
• The Company achieved double-digit year-over-year revenue growth for the seventh quarter in a row
   
• Gross margin improved to 51.2 percent up from 46.4 percent in the first quarter of 2005
   
• Net income of $176,000, versus a net loss of $711,000 a year ago, represented the
  Company’s second consecutive quarter of profitability

Results for the first quarter 2006 compared to the first quarter 2005

Angeion Corporation reported net income of $176,000, or $0.05 per diluted share, on total revenues of $6,933,000. This compares with a net loss of $711,000, or $0.20 per diluted share, on total revenues of $5,030,000 in the first quarter of 2005. Net income for the first quarter of 2006 included a $4,000 loss from discontinued operations.

“In keeping with our intense focus on growth and profitability, we are very pleased that the first quarter gave us our seventh consecutive year-over-year double-digit quarterly revenue increase,” commented Rodney A. Young, President and Chief Executive Officer. “More importantly, we had bottom-line profitability for the second consecutive quarter, something not achieved since 1999. We continue to see the results of our field sales and marketing efforts to -morefurther penetrate both the hospital and physician office market with our MedGraphics cardiorespiratory products, and the health and fitness market through our New Leaf Active Metabolic Training™ programs. The January launch of our online New Leaf EnergySmart nutrition planning and tracking system advantageously positions us in the important weightcontrol and sports performance markets.”

The Company noted that, as previously announced, in February the Company received a favorable Court ruling in the ongoing legal action against the Medmarc Casualty Insurance Company for reimbursement of the settlement costs paid to ELA Medical in June 2005. The Court ruled that Angeion was entitled to recover from Medmarc the $1.4 million paid to settle the ELA claim, subject to potential exclusion of certain costs. The Court also determined that the Company is entitled to recover from Medmarc costs and fees in the amount of $49,000 incurred in defending ELA’s claim.

MedGraphics and New Leaf products continue market penetration

Angeion summarized other product and market developments in the quarter as follows:

• Customer acceptance of the five new MedGraphics cardiorespiratory diagnostic products introduced last year, including the Ultima Series, continues to grow steadily;
   
• Purchases of New Leaf consumer products and programs were over 200 percent higher than the first quarter of 2005, illustrating the dramatic growth in the number of New Leaf Active Metabolic Training participants;
   
• New Leaf launched its EnergySmart personalized online meal planning, tracking and calorie management system designed to help consumers from weight conscious adults and children to recreational and elite athletes properly measure and "fuel” their metabolism.

Looking ahead

“We are off to a good start in our 2006 fiscal year,” Young stated. “Although we may see some variations in the amount of revenue increases that we achieve from quarter to quarter, we have been energized by our progress and are continuing to focus on the goals of another year of double-digit year-over-year growth and our drive toward achieving and sustaining profitability.”

About Angeion Corporation

Founded in 1986, Angeion Corporation acquired Medical Graphics www.medgraphics.com in December 1999. Medical Graphics develops, manufactures and markets non-invasive diagnostic systems for the management and improvement of cardiorespiratory health. These products are sold internationally through distributors and in the United States through a direct sales force that targets customers located in hospitals, university-based medical centers, clinics and physician offices of heart and lung specialists. The Company also sells health and fitness products, many of which are derived from Medical Graphics’ cardiorespiratory product technologies. These products, marketed under the New Leaf health and fitness brand www.newleaffitness.com, help consumers effectively manage their weight and improve their fitness. They are marketed to the consumer primarily through personal training studios, health and fitness clubs and other exercise facilities. For more information about Angeion, visit www.angeion.com.

Click here to download financials

# # #