UPDATED 6/21/2005 3:20:00 PM EST                         » » Breaking News Cardima Provides Update Cardima, Inc. (Other OTC:CRDM) amends and restates information contained in the Press Release dated June 17, 2005 to further clarify decision of the Board of Directors on June 17, 2005 with regards to the employment status of all employees. On June 17, 2005, the Company's Board of Directors elected to halt the accruing of all payroll related expenses and placed all employees on indefinite furlough. The Company is in discussions with its secured lender concerning alternatives to continue operations to a limited extent while attempting to raise funds to satisfy outstanding liabilities. No assurance can be given that the secured lender will cooperate or that any such efforts will be successful. The Company cannot predict what, if any, value wil

more...