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Viking Systems, Inc. Completes Recapitalization; Appoints New CEO


1/7/2008 8:42:42 AM

WESTBOROUGH, MA--(Marketwire - January 07, 2008) - Highlighted Links www.vikingsystems.com Viking Systems, Inc. (OTCBB: VKNG), a manufacturer of 2D and 3D vision systems for minimally invasive surgery, announced today that it has successfully executed a complete recapitalization of the Company. As a result, the Company has simplified its capital structure by exchanging previously issued preferred stock and debentures for common stock. Additionally, the Company raised $2.6 million issuing approximately 14.6 million shares of common stock in a private placement. The entire transaction is described in detail in a Form 8-K being filed today by the Company with the Securities and Exchange Commission.

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