Investor Information

Spine Wave, Inc. is a privately owned company that has been financed by a strong syndicate of venture capital firms and individual investors.

In March 2002, Spine Wave completed a Series A financing and simultaneous acquisition of VERTx, Inc., a company focused on the emerging vertebral compression fracture market. Spine Wave closed its Series B financing in November 2003 and its Series C financing in February 2006.

Spine Wave closed its most recent financing, a $45 million Series D round, in April 2007 led by Compass Global Fund along with a syndicate led by and including Ron Pickard. Other current investors that participated in the Series D financing included the Company's largest shareholder, New Enterprise Associates, as well as Sprout Capital, Canaan Partners, Thoma Cressey Equity Partners, CHL Medical Partners, Morgenthaler Venture Partners, Foundation Medical Partners, and California Technology Partners.

Funds raised to date have been used for multiple purposes, which include product development and manufacturing; assembling a strong management team; and beginning human clinical trials.

The Company believes that it is well funded and positioned to continue its product development efforts, expand its global clinical programs, and to build a world class distribution organization.

For more information on investor relations, please contact:

Carmen Diersen
Chief Financial Officer
Spine Wave
Two Enterprise Drive
Suite 302
Shelton, CT 06484

Phone: 203-944-9494 ext. 111
Fax: 203-944-9493
cdiersen@spinewave.com