American Biomed, Inc., incorporated on September 4, 1984, develops, manufactures and markets medical, surgical and diagnostic devices. In 1992, it acquired Cathlab Corporation. The Company's primary technology is directed at interventional cardiology, endovascular surgery and minimally invasive surgical devices. The principal products are atherectomy catheters, stents, clot filters, 100%-silicone balloon catheters and drug delivery catheter systems. The Company's primary business strategy is to design and develop minimally invasive medical devices to treat atherosclerotic disease. Cathlab has 10 FDA-approved balloon catheters, seven of which are currently being marketed within the United States and abroad. On July 20, 2000, American Biomed filed a voluntary petition for bankruptcy under Chapter 7 of the United States Bankruptcy Code in the Northern District Court of Texas, Dallas Division. Embolectomy and Bi-Lumen Catheters Cathlab manufactures and markets an embolectomy catheter, which is used in procedures to remove arterial blockages (generally, clotted blood), bacteria and other substances (emboli). Cathlab also manufactures and markets a bi-lumen embolectomy and irrigation catheter, which is used to assist in the removal of clotted blood from inside a vessel, as well as to irrigate a vessel with saline or other drug solutions during a surgical procedure. Ahn Thrombectomy Catheter The Company received 510(k) approval from the FDA in January 1998 for its new, safer thrombectomy catheter for the treatment of thromboemboli, the removal of clots from blood vessels. This unique catheter incorporates a distal dual balloon design to more effectively remove emboli, as well as a proximal safety balloon indicator that allows the surgeon to visually determine inflation volume. Occlusion Catheter Cathlab manufactures and markets an occlusion catheter that is used to occlude the flow of blood in a vessel during a surgical procedure. Occlusion of vessels during surgical procedures with a balloon catheter is much less traumatic to the vessel than other methods of occlusion, such as clamps or sutures. Thermodilution Catheter Cathlab also manufactures and markets a thermodilution catheter that is used in the assessment of a patient's hemodynamic condition (the efficiency of the heart muscle) through direct intracardiac and pulmonary artery pressure monitoring and cardiac output determination. This catheter is also used for blood sampling and infusing solutions. Angiographic/Angioscopic Irrigation Catheter Cathlab manufactures and markets an angiographic/angioscopic irrigation catheter that is used as a sheath for insertion of an appropriate size angioscope to visually examine the interior of circulatory vessels. The flexibility of this catheter permits its navigation through tortuous vessels of the circulatory system. The variety of sizes and lengths of this catheter provide compatibility with a variety of angioscopes. Biliary Catheter Cathlab manufactures and markets a biliary catheter that is used for the removal of intraductal stones and debris from the biliary tree. The OmniCath Atherectomy Catheter The OmniCath is an atherectomy catheter, designed to allow physicians to remove atherosclerotic plaque from obstructed blood vessels throughout the body, enlarging the narrowed vessel openings and thereby restoring normal blood flow. The Company is developing the OmniCath with catheter shafts of several different diameters for use in coronary arteries that feed the heart and in peripheral arteries in the abdomen, groin and legs. The OmniFilter The Company is developing a percutaneous temporary filter that is mounted on a guide wire and is used to prevent stroke-causing blood clots from reaching various organs of the human body. The filter is deployed remotely, opened within a vessel and then remotely closed, safely and reliably removed with clots intact within a mesh filter containing the entrapped material. The size of the filter is such that blood flow is not significantly reduced

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