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

Dynacq Healthcare Inc. Announces Filing of Three 10-Q Reports
Dynacq Healthcare Inc. (the "Company")(Pink Sheets:DYII - News) announced today that on Aug. 30, 2004, it filed with the Securities and Exchange Commission reports on Form 10-Q for each of the first three quarters of fiscal 2004, the quarters ended Nov. 30, 2003, Feb. 29, 2004 and May 31, 2004.

For the three months ended Nov. 30, 2003, net patient revenue was $18.1 million and net income was $1.5 million as compared to $17.9 million and $5.2 million, respectively, in the three months ended Nov. 30, 2002. For the three months ended Feb. 29, 2004, net patient revenue was $16.9 million and net income was $0.9 million as compared to $21.1 million and $4.1 million, respectively, in the three months ended Feb. 28, 2003. For the three months ended May 31, 2004, net patient revenue was $12.9 million and net loss was $1.3 million as compared to $25.6 million and net income of $6.4 million, respectively, in the three months ended May 31, 2003.

For the nine months ended May 31, 2004, net patient service revenue was $47.9 million and net income was $1.1 million, declines of 26% and 93% respectively, from net patient service revenue and net income of $64.7 million and $15.7 million in the comparable prior year period.

Dynacq Healthcare Inc. (www.dynacq.com) is a holding company. Its subsidiaries provide surgical healthcare services and related ancillary services through hospital facilities and outpatient surgical centers.


Contact:
     Dynacq Healthcare Inc., Houston
     James N. Baxter, 713-378-2000
     jimbaxter@dynacq.com



Source: Dynacq Healthcare Inc.

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