Aetrium Denounces Lawsuit Filed Against it in Connection With Recent Shareholders Meeting

Aetrium Denounces Lawsuit Filed Against it in Connection With Recent
Shareholders Meeting

ST. PAUL, Minn., Dec. 3, 2012 (GLOBE NEWSWIRE) -- Aetrium Incorporated
(Nasdaq:ATRM) today announced that on November 29, 2012, it was served with a
lawsuit against it and each of its directors brought by a group of dissident
shareholders headed by Jeffrey Eberwein. The lawsuit seeks declaratory and
injunctive relief relating to the company's special meeting of shareholders
held on November 26, 2012 on the demand of the Eberwein group, including inter
alia on the construction and validity of certain of the company's bylaw
provisions, and seeks an order extending the shareholders meeting concluded on
November 26. Aetrium strongly believes there is no merit in any of the
allegations or claims brought by the Eberwein group in the lawsuit, and
intends to vigorously defend against it.

"Mr. Eberwein became a shareholder in Aetrium last August for the express
purpose of taking control of the company," said Joseph C. Levesque, Aetrium
president and CEO. "Now, Mr. Eberwein is apparently disappointed that he was
not able to garner sufficient support for his attempted takeover to meet
quorum for the shareholders meeting. Converts are a measure of success in a
proxy contest. I have no idea where Mr. Eberwein gets his statistics, but in
fact at most 12% of our shares joined Mr. Eberwein's group in favoring their
takeover. Mr. Eberwein's attempted takeover has been costly to the company, in
expenses the company has had to bear, in diversion of management attention,
and in loss of opportunities that we could not pursue and that may no longer
be available to us. Through this lawsuit, which we believe has no merit in any
respect, Mr. Eberwein continues his divisive, expensive and unsupported
attempted takeover. Mr. Eberwein's group has no experience in our industry and
no plan for directing the company forward. We nevertheless continue to offer
Mr. Eberwein's group a voice on our board so that they can participate in our
company in a positive, proactive, productive manner. Accordingly, we are very
disappointed that they continue to undercut the interests of all shareholders
in the company through the further expense and diversion of management
attention that will result from their lawsuit."

Aetrium, based in North St. Paul, Minnesota, is a leading supplier of
proprietary technologies and equipment that are used by the worldwide
semiconductor industry to test integrated circuits. The company's products are
used by customers to advance reliability, improve quality, increase product
yield or improve manufacturing processes. Aetrium's common stock is publicly
traded on the Nasdaq market under the symbol ATRM. More information about
Aetrium is available on the internet at

The Aetrium Incorporatedlogo is available at

CONTACT: Doug Hemer
         Aetrium Incorporated
         (651) 773-4274

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