Matritech, Inc. Announces Deferral of Convertible Debt Principal and Interest Payments

NEWTON, Mass.--(BUSINESS WIRE)--Matritech (Amex: MZT) today announced that it agreed with the holders of more than 90% of the outstanding principal value of its Series A 15% Secured Convertible Promissory Notes to defer these holders’ receipt of principal and interest payments scheduled for April 13, 2007 to May 13, 2007. Matritech expects to make the payments on May 13, 2007 in shares of its common stock, consistent with its past practice.