E-Z-EM Considers Spin-Off and IPO of AngioDynamics subsidiary

E-Z-EM Considers Spin-Off and IPO of AngioDynamics subsidiary

LAKE SUCCESS, N.Y., Tuesday, October 20, 2003 – E-Z-EM, Inc. (AMEX: EZM) announced today that it was considering a spin-off and initial public offering of its wholly-owned subsidiary, AngioDynamics, Inc., based in Queensbury, N.Y.

The Company stated that it has signed a letter of engagement with an investment banking firm regarding a possible spin-off and public offering of AngioDynamics, the initiation and timing of which will be subject to market and other conditions, including receipt by the Company of a favorable private letter ruling from the Internal Revenue Service as to the tax free nature of the contemplated spin-off. The Company anticipates this transaction occurring in the first half of 2004.

Any offering of the securities of AngioDynamics will be made only by means of a prospectus included in a registration statement to be filed with the Securities and Exchange Commission. This release shall not constitute an offer to sell or solicitation of an offer to buy any securities.

For more information, please contact:
Dennis Curtin
(516) 333-8230 x3320