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

Dynacq Postpones Filing of Form 10-K
HOUSTON--(BUSINESS WIRE)--Dec. 16, 2003--Dynacq Healthcare Inc. (Nasdaq/NM:DYII) today announced that it will further postpone the filing of its 2003 Form 10-K until the SEC completes its review of Dynacq's periodic filings and its independent auditors have completed their audit of the Company's Aug. 31, 2003 financial statements.

 No specific schedule has been set, but the Company and its independent auditors and legal counsel plan to work diligently to permit the completion of the SEC review and audit and the release of the 10-K as soon as possible.

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.

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, "plan to work diligently to permit the completion of the SEC review and audit and the release of the 10-K as soon as possible," "expect," "likely" and similar expressions. 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. 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.

     Dynacq Healthcare Inc., Houston
     James N. Baxter, 713-378-2000

Source: Dynacq Healthcare Inc.

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