Published: November 04, 2009

XTENT, Inc. Sells Its Assets and Makes Initial Distribution to Stockholders

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MENLO PARK, Calif., Nov. 4 /PRNewswire/ -- XTENT, Inc. today announced that it has completed the sale of all of its assets and made an initial distribution of approximately $0.39 per share to its stockholders.

Stockholders whose shares are registered directly in their names with XTENT's paying agent, Computershare Trust Company, N.A., are considered to be, with respect to those shares, the "stockholders of record." On or about October 16, 2009, Computershare sent materials to all stockholders of record providing them with instructions on how to exchange their stock certificates for the cash distribution. If you are a stockholder of record and you have not received these materials from Computershare, please call Computershare at 1 (800) 546-5141.

Stockholders who are not stockholders of record but hold shares in "street name" (that is, through a broker or nominee) should have already received a distribution through their brokerage accounts. If you hold shares in street name and you have not received your distribution, you should contact your broker.

XTENT may make an additional distribution if cash remains after the Company pays or otherwise provides a reserve for its remaining liabilities. If XTENT makes an additional distribution, stockholders of record will receive notification directly from Computershare, and holders of shares in street name will receive distributions through their brokerage accounts.

SOURCE XTENT, Inc.