Medwave Inc. To Report Fiscal Second Quarter 2006 Financial Results On May 4, 2006

DANVERS, Mass., April 28 /PRNewswire-FirstCall/ -- Medwave, Inc. , an innovator in sensor-based, non-invasive blood pressure measuring solutions, announced today that it will report fiscal second quarter results the morning of May 4, 2006. The Company will hold a conference call on May 4, 2006 at 11:00 a.m. Eastern Time to discuss its quarterly results, business highlights and outlook. In addition, the Company may answer one or more questions concerning business and financial developments and trends, as well as the Company’s view on earnings forecasts and other business and financial matters affecting the Company, some of the responses to which may contain information that has not been previously disclosed.

The conference call may be accessed via telephone by dialing in to USA toll free number: 1-877-989-4943. After dialing in, participants will be asked for a passcode. The passcode is MEDWAVE. Tim O’Malley, President and CEO of Medwave, will be leading the conference. The conference call will be recorded, and an audio file will be available to the public later that day on Medwave’s website. To access the audio file, go to http://www.medwave.com , select Medwave The Company, and click on Investor Info, or type in the following address to go directly to the page: http://www.medwave.com/medinvq.htm .

About Medwave

Medwave, Inc. develops, manufactures, and distributes sensor-based non- invasive blood pressure solutions. The company’s suite of products are designed for use in hospitals, clinics, doctor’s offices and almost anywhere else blood pressure monitoring takes place. Medwave has the required technology clearances to market its technology in the United States, Europe, and Asia. Medwave’s technology is installed in over 500 hospitals and clinics worldwide. Medwave trades on the NASDAQ small cap market under the symbol MDWV. For more information, visit http://www.medwave.com .

Medwave, Inc.

CONTACT: Investor Relations, Jodie Chastain, +1-800-894-7601, or MediaRelations, Kevin Sawyer, +1-612-465-8356, both of Medwave, Inc.

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