Medwave Inc. To Report Fiscal Third Quarter 2006 Financial Results On August 9, 2006

DANVERS, Mass., Aug. 2 /PRNewswire-FirstCall/ -- Medwave, Inc. , the innovator in sensor-based, non-invasive blood pressure measuring solutions, announced today that it will report fiscal third quarter results the morning of August 9, 2006. The Company will hold a web conference on August 9, 2006 at 11:00 a.m. Eastern Time to present and 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 live online presentation may be accessed by logging on to Verizon Conferencing where you will be asked for the Conference/Meeting Number and the Conference/Meeting Passcode. See instructions below.

Net Conferencing Login Instructions URL: https://e-meetings.mci.com/nc/join/ CONFERENCE NUMBER: PA9650572 PASSCODE: MEDWAVE (the passcode is case sensitive) Then dial the conference line. Audio Access Instructions Dial USA toll free number: 1-888-625-1617 PASSCODE: MEDWAVE CONFERENCE LEADER: TIM O’MALLEY

The conference call and presentation will be recorded, and a media file will be available later that day on Medwave’s website. To access the media 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. Medwave’s suite of products is designed for use in hospitals, clinics, doctor’s offices and almost anywhere blood pressure monitoring occurs. Medwave has the required technology clearances to market its technology in the United States, Europe and Asia. Medwave’s technology is installed in more than 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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