About EP MedSystems:
EP MedSystems develops and markets cardiac electrophysiology (“EP”) products used to diagnose and treat certain cardiac rhythm disorders. The Company's EP product line includes the EP-WorkMate® Electrophysiology Workstation with Bostone Scientific's (NYSE: BSX) RPM™ Real-time Position Management™ navigation technology, the EP-4 trade; Computerized Cardiac Stimulator, fixed and deflectable diagnostic electrophysiology catheters and related disposable supplies, the ALERT® System and ALERT family of internal cardioversion catheters, and the ViewMate® intracardiac ultrasound catheter imaging system. For more information, visit our Website at www.epmedsystems.com.

West Berlin, NJ (May 8, 2007)--EP MedSystems, Inc. (NASDAQ: EPMD),

Today announced financial results for the three months ended March 31, 2007. Revenue for the first quarter of 2007 was $3,544,000 a decrease of $534,000 or 13% from the $4,078,000 reported in the three months ended March 31, 2006. In the first quarter of 2006, the Company had approximately $705,000 of nonrecurring sales to our Japanese distributor. Gross margin in the first quarter was 67% as compared to 61% for the same period in 2006, primarily due to higher average selling prices.

The net loss for the quarter was $1,509,000, as compared to $1,494,000 reported in the first quarter of 2006. The basic and diluted loss per share for the three months ended March 31, 2007, was $0.05 compared to $0.06 in the same period in 2006.

Reinhard Schmidt Epmd Monitor has shadows or waves

* Move the cables away from power sources or other cables.
* The video splitter may be defective. Remove it and see if the problem remains.
* The video cables from the main computer to the monitors may be defective.
* Press de-gauss button on the monitor.
* Make sure that there are no magnets or strong magnetic fields near the monitors.

Monitor has large purple line

* Video cable is defective, use one with ferrites and proper shielding.
* Make sure that there are no magnets or strong magnetic fields near the monitors or monitor cables.

Reinhard Schmidt Ep Medsystems Stimulator will not turn on

* Verify if the stimulator power on green light is flashing. If it is flashing it indicates the serial communication cable between the EP-4 rear panel and Serial A on the main computer has dislodged or is defective. If there is no green light, replace or recharge the EP-4 battery.

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