Dynacq International Ranked #2 Among America's Fastest Growing Small Companies By Fortune Small Business Magazine.Business Editors & Health/Medical Writers BIOWIRE2K HOUSTON--(BW HealthWire)--June 19, 2002 Dynacq International Inc. (Nasdaq:DYII) has been ranked #2 among "America's Fastest Growing Small Companies" in the current (July/August) issue of Fortune Small Business magazine. Last year Dynacq was ranked #3 by the publication. The rankings are based upon an average of earnings growth, revenue growth and stock performance over the past three years. Zachs Investment Research assisted in the rankings. Chiu M. Chan, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Dynacq, said, "We are extremely gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by this recognition of both Dynacq's performance and management's strategy of same-store growth and conservative, selective expansion. Our moving up to #2 from last year's #3 ranking reflects the solid fundamentals of Dynacq's accomplishments in a key industry. "Dynacq's operations are in line with our expectations," Chan added. "The renovation of the acquisition located in Baton Rouge Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La., is proceeding and we continue to
investigate other expansion opportunities.
"Dynacq continues to build its management team and to seek out and retain national level organizations for independent legal and accounting services, most recently reflected by the retention of Ernst & Young LLP LLP - Lower Layer Protocol as independent auditor Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. . Our sound fundamentals and business plan are the basis for management's continued optimism for providing quality healthcare and increasing shareholder value," Chan stated. Dynacq International Inc. provides surgical healthcare services and related ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim. services through surgical hospital facilities and outpatient outpatient /out·pa·tient/ (-pa-shent) a patient who comes to the hospital, clinic, or dispensary for diagnosis and/or treatment but does not occupy a bed. out·pa·tient n. surgical centers. Certain statements in this release are forward-looking. 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. For factors that may cause results to differ materially from expectations and underlying assumptions, see reports by the Company filed with the Securities and Exchange Commission. For more information, please see our Web site at http://www.dynacq.com or contact Mike Hudec of Dynacq at invest@dynacq.com or call 713/378-3399. |
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