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Dynacq International Names Baxter EVP
HOUSTON--(BUSINESS WIRE)--July 17, 2003--Dynacq International Inc. (Nasdaq/NM:DYII - News) said that it has named James N. Baxter executive vice president.

The Houston-based company said Baxter had been working as an investor relations consultant for Dynacq. In his new role, Baxter will continue to manage Dynacq's investor relations as well as financing transactions and special projects.

Dynacq Chairman and CEO, Chiu M. Chan, said, "I am pleased that Jim Baxter has agreed to join us full time. His appointment underscores our commitment to our current and future investors. As Dynacq continues to grow, Jim's broad experience in investment banking and securities law will provide additional strength to our senior management team."

Baxter has previously worked in investment strategy at Salomon Brothers and in investment banking at Merrill Lynch. He began his career practicing securities law at Sullivan & Cromwell. He is a graduate of Yale and Harvard Law School.

Dynacq announced Monday evening that net income increased 52% to $6.3 million for the quarter ended May 31, 2003, up from $4.1 million in the comparable quarter in 2002. Dynacq ranked #8 among "The FSB 100, America's Fastest-Growing Small Companies" in the July/August 2003 issue of Fortune Small Business ("FSB") magazine.

Shares of Dynacq closed today at $21.01.

Dynacq International Inc. (www.dynacq.com) 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 quality patient care, efficiency, technology, clinical skills and profitability.


Contact:
     Dynacq International Inc., Houston
     James N. Baxter, 212-666-3399
     jimbaxter@dynacq.com

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