Angeion and BlueLine Partners Enter Into
August 18, 2010 06:18 PM Eastern Daylight Time
ST. PAUL, Minn.--(EON: Enhanced Online News)--Angeion Corporation (NASDAQ: ANGN) today said that it
has entered into an agreement with BlueLine Partners, LLC, relating to the subject of the Schedule 13D filed by
BlueLine with the Securities and Exchange Commission (SEC) on Tuesday, August 10, 2010.
Under the agreement, both parties have agreed to, among other items, the following:
l BlueLine will amend its 13D filing and withdraw its request that Angeion’s shareholders call a special meeting
l Within 10 business days, Angeion and BlueLine will establish a reconstituted Angeion Board consisting of
l The reconstituted board will consist of four current Angeion directors, including BlueLine Managing Director,
Scott Shuda. These four continuing directors will work together in selecting three additional new directors.
Angeion entered into the agreement with BlueLine believing it was in the best interests of Angeion’s shareholders,
employees and customers to quickly resolve the issues raised in BlueLine’s 13D filing without the time, expense and
distraction of a proxy contest or special shareholder meeting.
About Angeion Corporation
Founded in 1986, Angeion Corporation acquired Medical Graphics Corporation in December 1999. Medical
Graphics develops, manufactures and markets non-invasive cardiorespiratory diagnostic systems that are sold under
the MedGraphics (www.medgraphics.com) and New Leaf (www.newleaffitness.com) brand and trade names.
These cardiorespiratory diagnostic systems have a wide range of applications in healthcare as well as health and
fitness. The Company’s products are sold internationally through distributors and in the United States through a
direct sales force that targets heart and lung specialists located in hospitals, university-based medical centers, medical
clinics and physicians’ offices, pharmaceutical companies, medical dev