----

----

----

| For Further Information:              |   |                                    |
|---------------------------------------|--------|-----------------------------------------|
| Uroplasty, Inc.                       |   | EVC Group                               |
| David Kaysen, President and CEO, or   |   | Doug Sherk/Jenifer Kirtland (Investors) |
| Medi Jiwani, Vice President, CFO, and |   | 415.896.6820                            |
| Treasurer                             |   | Chris Gale (Media)                      |
| 952.426.6140                          |   | 646.201.5431                            |

----

|                                        |   | Three Months EndedMarch 31,(unaudited) |       |   | Year EndedMarch 31, |   |
|---------------------------------------------|--------|----------------------------------------|------------|--------|---------------------|--------|
|                                        |   | 2011                                   |       |   | 2010                |   |   | 2011 |   |   | 2010 |   |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |
| Net sales                                   |   | $                                      | 4,014,643  |   |                | $      | 2,982,656 |   |   | $ | 13,787,032 |   |   | $ | 11,863,202 |   |
| Cost of goods sold                          |   |                                   | 676,700    |   |                |   | 466,412 |   |   |   | 2,386,431 |   |   |   | 2,058,855 |   |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Gross profit                                |   |                                   | 3,337,943  |   |                |   | 2,516,244 |   |   |   | 11,400,601 |   |   |   | 9,804,347 |   |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Operating expenses                          |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative                  |   |                                   | 833,311    |   |                |   | 597,701 |   |   |   | 3,442,179 |   |   |   | 2,798,900 |   |
| Research and development                    |   |                                   | 423,101    |   |                |   | 420,211 |   |   |   | 1,719,532 |   |   |   | 1,785,405 |   |
| Selling and marketing                       |   |                                   | 3,214,660  |   |                |   | 1,848,534 |   |   |   | 10,092,062 |   |   |   | 7,576,776 |   |
| Amortization                                |   |                                   | 211,094    |   |                |   | 211,048 |   |   |   | 843,602 |   |   |   | 845,553 |   |
|                                        |   |                                   | 4,682,166  |   |                |   | 3,077,494 |   |   |   | 16,097,375 |   |   |   | 13,006,634 |   |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Operating loss                              |   |                                   | (1,344,223 | )      |                |   | (561,250 | ) |   |   | (4,696,774 | ) |   |   | (3,202,287 | ) |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Other income (expense)                      |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                             |   |                                   | 19,664     |   |                |   | 15,639 |   |   |   | 72,426 |   |   |   | 92,736 |   |
| Interest expense                            |   |                                   | (530       | )      |                |   | (3,490 | ) |   |   | (5,067 | ) |   |   | (14,476 | ) |
| Foreign currency exchange gain (loss)       |   |                                   | (2,145     | )      |                |   | (14,522 | ) |   |   | 10,722 |   |   |   | (37,552 | ) |
| Other, net                                  |   |                                   | (581       | )      |                |   | (670 | ) |   |   | (773 | ) |   |   | (853 | ) |
|                                        |   |                                   | 16,408     |   |                |   | (3,043 | ) |   |   | 77,308 |   |   |   | 39,855 |   |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Loss before income taxes                    |   |                                   | (1,327,815 | )      |                |   | (564,293 | ) |   |   | (4,619,466 | ) |   |   | (3,162,432 | ) |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense                          |   |                                   | 577        |   |                |   | 12,349 |   |   |   | 28,837 |   |   |   | 41,379 |   |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                    |   | $                                      | (1,328,392 | )      |                | $      | (576,642 | ) |   | $ | (4,648,303 | ) |   | $ | (3,203,811 | ) |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per common share     |   | $                                      | (0.06      | )      |                | $      | (0.04 | ) |   | $ | (0.25 | ) |   | $ | (0.21 | ) |
|                                        |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding: |   |                                   |       |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted                           |   |                                   | 20,584,668 |   |                |   | 14,946,540 |   |   |   | 18,874,009 |   |   |   | 14,944,354 |   |

----

|                                                   |   | 2011   |       |   | 2010   |   |
|--------------------------------------------------------|--------|--------|------------|--------|--------|--------|
|                                                   |   |   |       |   |   |   |
| Assets                                                 |   |   |       |   |   |   |
| Current assets:                                        |   |   |       |   |   |   |
| Cash and cash equivalents & short-term investments |   | $      | 14,084,150 |   |   | $      | 5,811,269 |   |
| Accounts receivable, net                               |   |   | 2,085,262  |   |   |   | 1,287,440 |   |
| Inventories                                            |   |   | 677,960    |   |   |   | 341,497 |   |
| Income tax receivable                                  |   |   | -          |   |   |   | 23,820 |   |
| Other                                                  |   |   | 348,100    |   |   |   | 237,321 |   |
| Total current assets                                   |   |   | 17,195,472 |   |   |   | 7,701,347 |   |
|                                                   |   |   |       |   |   |   |   |   |
| Property, plant, and equipment, net                    |   |   | 1,210,542  |   |   |   | 1,230,771 |   |
| Intangible assets, net                                 |   |   | 1,725,136  |   |   |   | 2,533,095 |   |
| Long-term investments                                  |   |   | 5,508,701  |   |   |   | - |   |
| Deferred tax assets                                    |   |   | 87,031     |   |   |   | 108,530 |   |
| Total assets                                           |   | $      | 25,726,882 |   |   | $      | 11,573,743 |   |
|                                                   |   |   |       |   |   |   |   |   |

| Liabilities and Shareholders’ Equity       |   |   |       |   |   |   |
|--------------------------------------------------|--------|--------|------------|--------|--------|--------|
| Current liabilities:                             |   |   |       |   |   |   |
| Accounts payable                                 |   | $      | 658,107    |   |   | $      | 485,594 |   |
| Current portion – deferred rent            |   |   | 35,000     |   |   |   | 35,000 |   |
| Income tax payable                               |   |   | 6,901      |   |   |   | 10,000 |   |
| Accrued liabilities:                             |   |   |       |   |   |   |   |   |
| Compensation                                     |   |   | 1,597,657  |   |   |   | 903,057 |   |
| Other                                            |   |   | 247,451    |   |   |   | 212,028 |   |
|                                             |   |   |       |   |   |   |   |   |
| Total current liabilities                        |   |   | 2,545,116  |   |   |   | 1,645,679 |   |
|                                             |   |   |       |   |   |   |   |   |
| Deferred rent – less current portion       |   |   | 77,272     |   |   |   | 112,500 |   |
| Accrued pension liability                        |   |   | 475,845    |   |   |   | 601,037 |   |
|                                             |   |   |       |   |   |   |   |   |
| Total liabilities                                |   |   | 3,098,233  |   |   |   | 2,359,216 |   |
|                                             |   |   |       |   |   |   |   |   |
| Total shareholders’ equity                 |   |   | 22,628,649 |   |   |   | 9,214,527 |   |
|                                             |   |   |       |   |   |   |   |   |
| Total liabilities and shareholders’ equity |   | $      | 25,726,882 |   |   | $      | 11,573,743 |   |

----

|                                                              |   | 2011   |        |   | 2010   |   |
|-------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
| Cash flows from operating activities:                             |   |   |        |   |   |   |
| Net loss                                                          |   | $      | (4,648,303  | )      |   | $      | (3,203,811 | ) |
| Adjustments to reconcile net loss to net cash used in operations: |   |   |        |   |   |   |   |   |
| Depreciation and amortization                                     |   |   | 1,119,227   |   |   |   | 1,138,077 |   |
| Loss  on disposal of equipment                          |   |   | 5,358       |   |   |   | 853 |   |
| Amortization of premium on marketable securities                  |   |   | 18,910      |   |   |   | - |   |
| Share-based consulting expense                                    |   |   | 11,261      |   |   |   | - |   |
| Share-based compensation expense                                  |   |   | 422,893     |   |   |   | 414,507 |   |
| Deferred income taxes                                             |   |   | 26,192      |   |   |   | (39,741 | ) |
| Deferred rent                                                     |   |   | (35,228     | )      |   |   | (35,076 | ) |
| Changes in operating assets and liabilities:                      |   |   |        |   |   |   |   |   |
| Accounts receivable                                               |   |   | (752,970    | )      |   |   | (56,052 | ) |
| Inventories                                                       |   |   | (328,754    | )      |   |   | 172,723 |   |
| Other current assets and income tax receivable                    |   |   | (85,529     | )      |   |   | (42,827 | ) |
| Accounts payable                                                  |   |   | 170,326     |   |   |   | (127,355 | ) |
| Accrued liabilities                                               |   |   | 705,474     |   |   |   | (152,700 | ) |
| Accrued pension liability, net                                    |   |   | (5,322      | )      |   |   | 39,159 |   |
| Net cash used in operating activities                             |   |   | (3,376,465  | )      |   |   | (1,892,243 | ) |
|                                                              |   |   |        |   |   |   |   |   |
| Cash flows from investing activities:                             |   |   |        |   |   |   |   |   |
| Proceeds from maturity of marketable securities                   |   |   | 7,261,568   |   |   |   | 5,500,000 |   |
| Purchases of marketable securities                                |   |   | (17,318,915 | )      |   |   | (4,500,000 | ) |
| Purchases of property, plant and equipment                        |   |   | (229,131    | )      |   |   | (111,154 | ) |
| Proceeds from sales of equipment                                  |   |   | -           |   |   |   | 2,800 |   |
| Payments for intangible assets                                    |   |   | (35,643     | )      |   |   | - |   |
| Net cash (used in) provided by  investing activities    |   |   | (10,322,121 | )      |   |   | 891,646 |   |
|                                                              |   |   |        |   |   |   |   |   |
| Cash flows from financing activities:                             |   |   |        |   |   |   |   |   |
| Net proceeds from public offering of common stock                 |   |   | 14,917,059  |   |   |   | - |   |
| Net proceeds from exercise of  warrants and options     |   |   | 2,542,207   |   |   |   | - |   |
| Net cash provided by financing activities                         |   |   | 17,459,266  |   |   |   | - |   |
|                                                              |   |   |        |   |   |   |   |   |
| Effect of exchange rates on cash and cash equivalents             |   |   | (8,376      | )      |   |   | 35,567 |   |
|                                                              |   |   |        |   |   |   |   |   |
| Net increase (decrease) in cash and cash equivalents              |   |   | 3,752,304   |   |   |   | (965,030 | ) |
|                                                              |   |   |        |   |   |   |   |   |
| Cash and cash equivalents at beginning of year                    |   |   | 2,311,269   |   |   |   | 3,276,299 |   |
|                                                              |   |   |        |   |   |   |   |   |
| Cash and cash equivalents at end of year                          |   | $      | 6,063,573   |   |   | $      | 2,311,269 |   |
|                                                              |   |   |        |   |   |   |   |   |
| Supplemental disclosure of cash flow information:                 |   |   |        |   |   |   |   |   |
| Cash paid during the year for interest                            |   | $      | 17          |   |   | $      | 7,697 |   |
| Cash paid during the year for income tax                          |   |   | 17,549      |   |   |   | 135,032 |   |
|                                                              |   |   |        |   |   |   |   |   |

----

|                              |   |   |       |   | Expense Adjustments           |   |     |         |   |
|-----------------------------------|--------|--------|------------|--------|-------------------------------|--------|----------|--------------|--------|
|                              |   | GAAP   |       |   | Share-based Compensation |   |     | Depreciation |   |   | Amortization |   |   | Non-GAAP |   |
| Three Months Ended March 31, 2011 |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |
| Gross Profit                      |   | $      | 3,338,000  |   |                          | $      | 4,000    |         |   | $ | 9,000 |   |   |   |   |   | $ | 3,351,000 |   |
| % of sales                        |   |   | 83         | %      |                          |   |     |         |   |   |   |   |   |   |   |   |   | 83 | % |
| Operating Expenses                |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |
| General & administrative      |   |   | 833,000    |   |                          |   | (101,000 | )            |   |   | (36,000 | ) |   |   |   |   |   | 696,000 |   |
| Research and development          |   |   | 423,000    |   |                          |   | (6,000   | )            |   |   | (3,000 | ) |   |   |   |   |   | 414,000 |   |
| Selling and marketing             |   |   | 3,215,000  |   |                          |   | (34,000  | )            |   |   | (12,000 | ) |   |   |   |   |   | 3,169,000 |   |
| Amortization                      |   |   | 211,000    |   |                          |   |     |         |   |   |   |   |   | $ | (211,000 | ) |   |   | - |   |
|                              |   |   | 4,682,000  |   |                          |   | (141,000 | )            |   |   | (51,000 | ) |   |   | (211,000 | ) |   |   | 4,279,000 |   |
|                              |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Loss                    |   | $      | (1,344,000 | )      |                          | $      | 145,000  |         |   | $ | 60,000 |   |   | $ | 211,000 |   |   | $ | (928,000 | ) |
|                              |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Three Months Ended March 31, 2010 |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross Profit                      |   | $      | 2,516,000  |   |                          | $      | 4,000    |         |   | $ | 15,000 |   |   |   |   |   |   | $ | 2,535,000 |   |
| % of sales                        |   |   | 84         | %      |                          |   |     |         |   |   |   |   |   |   |   |   |   |   | 85 | % |
| Operating Expenses                |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| General & administrative      |   |   | 598,000    |   |                          |   | (22,000  | )            |   |   | (40,000 | ) |   |   |   |   |   |   | 536,000 |   |
| Research and development          |   |   | 420,000    |   |                          |   | (8,000   | )            |   |   | (3,000 | ) |   |   |   |   |   |   | 409,000 |   |
| Selling and marketing             |   |   | 1,848,000  |   |                          |   | (24,000  | )            |   |   | (16,000 | ) |   |   |   |   |   |   | 1,808,000 |   |
| Amortization                      |   |   | 211,000    |   |                          |   |     |         |   |   |   |   |   | $ | (211,000 | ) |   |   | - |   |
|                              |   |   | 3,077,000  |   |                          |   | (54,000  | )            |   |   | (59,000 | ) |   |   | (211,000 | ) |   |   | 2,753,000 |   |
|                              |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Loss                    |   | $      | (561,000   | )      |                          | $      | 58,000   |         |   | $ | 74,000 |   |   | $ | 211,000 |   |   | $ | (218,000 | ) |

----

|                         |   |   |       |   | Expense Adjustments           |   |     |         |   |
|------------------------------|--------|--------|------------|--------|-------------------------------|--------|----------|--------------|--------|
|                         |   | GAAP   |       |   | Share-based Compensation |   |     | Depreciation |   |   | Amortization |   |   | Non-GAAP |   |
| Year Ended March 31, 2011    |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |
| Gross Profit                 |   | $      | 11,401,000 |   |                          | $      | 17,000   |         |   | $ | 52,000 |   |   |   |   |   | $ | 11,470,000 |   |
| % of sales                   |   |   | 83         | %      |                          |   |     |         |   |   |   |   |   |   |   |   |   | 83 | % |
| Operating Expenses           |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |
| General & administrative |   |   | 3,442,000  |   |                          |   | (269,000 | )            |   |   | (150,000 | ) |   |   |   |   |   | 3,023,000 |   |
| Research and development     |   |   | 1,720,000  |   |                          |   | (27,000  | )            |   |   | (10,000 | ) |   |   |   |   |   | 1,683,000 |   |
| Selling and marketing        |   |   | 10,092,000 |   |                          |   | (121,000 | )            |   |   | (63,000 | ) |   |   |   |   |   | 9,908,000 |   |
| Amortization                 |   |   | 844,000    |   |                          |   |     |         |   |   |   |   |   | $ | (844,000 | ) |   |   | - |   |
|                         |   |   | 16,098,000 |   |                          |   | (417,000 | )            |   |   | (223,000 | ) |   |   | (844,000 | ) |   |   | 14,614,000 |   |
|                         |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Loss               |   | $      | (4,697,000 | )      |                          | $      | 434,000  |         |   | $ | 275,000 |   |   | $ | 844,000 |   |   | $ | (3,144,000 | ) |
|                         |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Year Ended March 31, 2010    |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Gross Profit                 |   | $      | 9,805,000  |   |                          | $      | 27,000   |         |   | $ | 58,000 |   |   |   |   |   |   | $ | 9,890,000 |   |
| % of sales                   |   |   | 83         | %      |                          |   |     |         |   |   |   |   |   |   |   |   |   |   | 83 | % |
| Operating Expenses           |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| General & administrative |   |   | 2,799,000  |   |                          |   | (191,000 | )            |   |   | (155,000 | ) |   |   |   |   |   |   | 2,453,000 |   |
| Research and development     |   |   | 1,785,000  |   |                          |   | (49,000  | )            |   |   | (13,000 | ) |   |   |   |   |   |   | 1,723,000 |   |
| Selling and marketing        |   |   | 7,577,000  |   |                          |   | (147,000 | )            |   |   | (66,000 | ) |   |   |   |   |   |   | 7,364,000 |   |
| Amortization                 |   |   | 846,000    |   |                          |   |     |         |   |   |   |   |   | $ | (846,000 | ) |   |   | - |   |
|                         |   |   | 13,007,000 |   |                          |   | (387,000 | )            |   |   | (234,000 | ) |   |   | (846,000 | ) |   |   | 11,540,000 |   |
|                         |   |   |       |   |                          |   |     |         |   |   |   |   |   |   |   |   |   |   |   |   |
| Operating Loss               |   | $      | (3,202,000 | )      |                          | $      | 414,000  |         |   | $ | 292,000 |   |   | $ | 846,000 |   |   | $ | (1,650,000 | ) |

----