Dutton Associates Announces Investment Opinion: DXP Enterprises Strong Buy Rating Reiterated in Update Report by Dutton Associates.

EL DORADO HILLS, Calif. -- Dutton Associates updates its coverage of DXP Enterprises Inc. (NASDAQ:DXPE), maintaining its Strong Buy rating and a 12-month price target of $50.00. The 11-page report by Dutton Associates senior analyst Paul J. Resnik, CFA is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, and Knobias and other leading financial portals. DXP, based in Houston, Texas, is a distributor of capital equipment and maintenance, repair, operating and production products and services. The Company has come to view its business as being best described as three activities: Service Centers, Innovative Pumping Solutions and Business-to-Business Solutions. DXP supplies bearings, electrical equipment, pipe, hoses, pumps, safety equipment and seals and sealing components out of 43 service centers and two distribution centers in 16 states. DXP offers innovative pumping solutions, providing engineering, fabrication and technical design to meet the needs of a global customer base for capital pump projects. This involves supplying fabricated modular platforms that can include pumps, piping, controls, motors and converters in various configurations. DXP's continuum of B2B service offerings, including vendor consolidation, replenishment services, inventory procurement and management, and on-site services, are brought together in the Company's SmartSource(SM) program for integrated supply chain management in which clients outsource on-site supply management to DXP.

About Dutton Associates

Dutton Associates is one of the largest independent investment research firms in the U.S. Its 28 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.

The current cost of enrollment in our one-year continuing research program is US $39,500 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton Associates received $58,000 from the Company for 8 Research Reports with coverage commencing on 6/21/04. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.