Cardica, Inc. to Announce Fiscal 2007 Fourth Quarter and Year End Financial Results on Thursday, August 2, 2007

REDWOOD CITY, Calif., July 31 /PRNewswire-FirstCall/ -- Cardica, Inc. today announced that it will release financial results for its fiscal fourth quarter and year ended June 30, 2007 on Thursday, August 2, 2007 after the markets close, and the company’s management will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results and provide an update on the company’s business.

Conference Call Details

To access the live conference call on August 2, 2007 at 4:30 p.m. Eastern Time via phone, please dial 888-396-2369 from the United States and Canada or 617-847-8710 internationally. The conference ID is 89456538. Please dial in approximately ten minutes prior to the start of the call. A telephone replay will be available beginning approximately one hour after the call through August 9, 2007 and may be accessed by dialing 888-286-8010 from the United States and Canada or 617-801-6888 internationally. The replay passcode is 94864741.

To access the live and subsequently archived webcast of the conference call, go to the Investor Relations section of Cardica’s website at http://www.cardica.com. Please connect to the website at least 15 minutes prior to the call to allow for any necessary software downloads.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at http://www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (http://www.streetevents.com), a password-protected event management site.

About Cardica, Inc.

Cardica designs and manufactures automated anastomosis systems for coronary artery bypass graft (CABG) surgery. By replacing hand-sewn sutures with easy-to-use automated systems, Cardica provides cardiovascular surgeons with rapid, reliable and consistently reproducible anastomoses, or connections of blood vessels, often considered the most critical aspect of the CABG procedure.

Cardica’s C-Port(R) Distal Anastomosis Systems are marketed in Europe and the United States. The PAS-Port(R) Proximal Anastomosis System is marketed in Europe and Japan and is being evaluated in a pivotal trial in the United States and Europe. Cardica also is developing additional devices to facilitate vascular and other surgical procedures. Go to http://www.cardica.com for more information.

Cardica, Inc.

CONTACT: Bob Newell, Vice President, Finance and Operations, ChiefFinancial Officer of Cardica, Inc., +1-650-331-7133, investors@cardica.com;or Daryl Messinger of WeissComm Partners, Inc., +1-415-999-2361,daryl@weisscommpartners.com, for Cardica, Inc.

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