##### 



Exhibit 99.2
  
 TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
  MANAGEMENT DISCUSSION SECTION
   Mark Klausner, Westwicke Partners, Investor Relations
    Rick Randall, President and CEO
     www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    1




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
 Michael L. Luetkemeyer, Chief Financial Officer
             www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    2




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
          www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    3




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
   RicK Randall, President and CEO
        www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    4




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
          www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    5




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
      www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    6




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
  QUESTION AND ANSWER SECTION
  Q  Mark Mullikin :
 A  Michael Luetkemeyer :
 Q  Mark Mullikin :
 A  Michael Luetkemeyer :
 Q  Mark Mullikin :
 A  Michael Luetkemeyer :
 Q  Mark Mullikin :
 A  Richard Randall :
 Q  Mark Mullikin :
 A  Richard Randall :
 Q  Mark Mullikin :
 A  Richard Randall :
 Q  Mark Mullikin :
 A  Michael Luetkemeyer :
 Q  Mark Mullikin :
 www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    7




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
 A  Michael Luetkemeyer :
 Q  Mark Mullikin :
 A  Richard Randall :
 A  Michael Luetkemeyer :
 Q  Mark Mullikin :
 A  Michael Luetkemeyer :
 Q  Mark Mullikin :
 A  Michael Luetkemeyer :
 A  Richard Randall :
 Q  Mark Mullikin :
 A  Richard Randall :
 Q  Mark Mullikin :
 A  Richard Randall :
 www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    8




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
  Q  Mark Mullikin :
 A  Richard Randall :
 Q  Mark Mullikin :
  Q  Vincent Ricci :
 A  Richard Randall :
  A  Michael Luetkemeyer :
 Q  Vincent Ricci :
 A  Michael Luetkemeyer :
 Q  Vincent Ricci :
 www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    9




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
 A  Michael Luetkemeyer :
 Q  Vincent Ricci :
 A  Richard Randall :
   Q  Vincent Ricci :
 A  Richard Randall :
  www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    10




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
 Q  Vincent Ricci :
 A  Michael Luetkemeyer :
 Q  Vincent Ricci :
 A  Michael Luetkemeyer :
 A  Richard Randall :
  Q  Robert Hopkins :
 A  Michael Luetkemeyer :
 Q  Robert Hopkins :
 A  Michael Luetkemeyer :
   Q  Robert Hopkins :
 www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    11




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
 A  Richard Randall :
  Q  Robert Hopkins :
 A  Michael Luetkemeyer :
 Q  Robert Hopkins :
 A  Michael Luetkemeyer :
 Q  Robert Hopkins :
 A  Richard Randall :
 www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    12




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
   Q  Robert Hopkins :
 A  Michael Luetkemeyer :
 Q  Robert Hopkins :
 A  Michael Luetkemeyer :
 Q  Robert Hopkins :
 A  Michael Luetkemeyer :
 Q  Robert Hopkins :
 A  Michael Luetkemeyer :
 Q  Robert Hopkins :
 A  Michael Luetkemeyer :
  Rick Randall, President and Chief Executive Officer
  www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    13




---



##### 



TranS1, Inc.
    
    TSON
    
    Q4 2007 Earnings Call
    
    Feb. 21, 2008Company5
    
    Ticker5
    
    Event Type5
    
    Date5
     Disclaimer
  The contents and appearance of this report are Copyrighted FactSet CallStreet, LLC 2008. CallStreet
and FactSet CallStreet, LLC are trademarks and service marks of FactSet CallStreet, LLC. All other
trademarks mentioned are trademarks of their respective companies. All rights reserved.
 www.CallStreet.com  212-849-4070  Copyright © 2001-2008 CallStreet
    
    14