Temporary cardiac pacemakers have three principal uses: therapeutic, prophylactic, and diagnostic. The most common use is therapeutic. For example, when a patient is admitted to a hospital with an inadeqaute or grossly irregular heart rhythm, a pacemaker stabilizes the rhythm and improves the rate. Prophylactic use describes the application of a pacemaker to a patient as a precaution when their condition is unstable. This too is common. Finally, pacemakers, particularly those which are more sophisticated, serve a valuable purpose as a diagnostic tool; assisting a physician in making a diagnosis or simply evaluating a specific condition of a patient.

In the United Kingdom, APC Medical Ltd. is the market leader for temporary cardiac pacemakers where we set the industry standard and supply the majority of the units sold. APC Medical is well known for its Bedside temporary pacemaker which attaches to the patient’s bedrail. Additionally, the Company manufactures the Mini Pacer line of temporary pacemakers which enable patients to remain ambulatory during treatment. The Pace Line brand of autoclavable extension and surgical cables, Single-use extension and surgical cables and accessories are also designed and manufactured at the facility.

Pace Medical manufactures the MICRO-PACE, dual-chamber, temporary pacemaker, the AccuPace dual-chamber, pacing system analyzer and provides design engineering, service/repair facilities, administration services, and sales and marketing to both companies.

History and Background:

Pace Medical, Inc., began operations in March 1985, when we acquired APC Medical Ltd. from American Pacemaker Corporation, a wholly-owned subsidiary of Intermedics, Inc. APC Medical is the successor to Devices Ltd., a United Kingdom medical equipment manufacturer and pioneer in the pacing industry.

Our United Kingdom facility can accommodate extensive production expansion. Being located within the European Common Market also provides the Company with many international marketing advantages. Pace Medical's research and development is conducted at its corporate office in Waltham, Massachusetts, USA.

BOARD OF DIRECTORS
Ralph E. Hanson
  Chairman and Treasurer, Pace Medical, Inc
Steven E. Hanson
  President & Chief Executive Officer, Pace Medical, Inc
Derrick Ebden
  Managing Director, APC Cardiovascular Ltd., England
George F. Harrington
  President, Boston Equity Management Company

CORPORATE OFFICERS
Ralph E. Hanson
  Chairman and Treasurer
Steven E. Hanson
  President & Chief Executive Officer
Drusilla F. Hays
  Vice President, Clerk

APC MEDICAL LTD., ENGLAND
BOARD OF DIRECTORS
Ralph E. Hanson
  Chairman
Derrick Ebden
  Director
Steven E. Hanson
  Director

COUNSEL
Lynch, Brewer, Hoffman & Fink, LLP
    Boston, Massachusetts 02110

TRANSFER AGENT
American Stock Transfer & Trust Company
    New York, New York 10022

INVESTOR RELATIONS
Steven E. Hanson
    Pace Medical,Inc.

STOCK SYMBOL: PMDL