DYNACQ International Dynacq Healthcare Inc. - The Surgical Model of the Future

Dynacq Ranked #8 Among America's Fastest-Growing Small Companies by Fortune Small Business
The rankings are based upon averaging the rankings of the public companies on major exchanges with less than $200 million in revenue growth rates regarding earnings, revenue and stock data. Dynacq is one of four companies to make the FSB 100, Fastest-Growing list for three straight years.
HOUSTON--(BUSINESS WIRE)--July 7, 2003--Dynacq International Inc. (Nasdaq:DYII - News) has been ranked #8 among "The FSB 100, America's Fastest-Growing Small Companies" in the July/August 2003 issue of Fortune Small Business ("FSB") magazine. The rankings are based upon averaging the rankings of the public companies on major exchanges with less than $200 million in revenue growth rates regarding earnings, revenue and stock data. Dynacq is one of four companies to make the FSB 100, Fastest-Growing list for three straight years.

Chiu M. Chan, chairman and CEO of Dynacq, said, "We are delighted that Dynacq has made the FSB 100 list as a "three-peater." The listing signifies the consistent efforts of the Dynacq team in leading the growth of the Company through our business model and expansion of surgical hospitals into new markets and areas."

Dynacq International Inc. provides surgical healthcare services and related ancillary services through surgical hospital facilities and outpatient surgical centers. Dynacq specializes in creating surgical facilities that are models of efficiency, technology, clinical skills, profitability -- and most importantly, patient care.

The Company's most recently announced reported earnings show fully diluted earnings per share for the second fiscal quarter ending Feb. 28, 2003 increased to $0.27 from $0.24, or 13%, from the corresponding prior year quarter. Net revenues increased to $21,128,000 from $14,965,000, or 41%, from the corresponding prior year quarter.

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, Dynacq's ability to continue growing and expansion of surgical hospital facilities, and Dynacq's ability to continue to provide high-quality healthcare services and facilities. Although the Company believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More detailed information about factors that may cause actual results to materially differ is contained in the Company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "expect," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date that such statements were made. The Company undertakes no obligation to update any forward-looking statements contained in this press release.

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