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

Dynacq Announces Departure of Executive Officer, Names New Investor Relations Contact
HOUSTON--(BUSINESS WIRE)--Dec. 29, 2004--Dynacq Healthcare Inc. (the "Company") (OTCBB:DYII - News) announced that James N. Baxter has resigned as Executive Vice President effective Dec. 31, 2004, in order to resume a career as a management consultant focusing on finance and investor relations. Mr. Baxter has handled investor relations and certain financing transactions for Dynacq Healthcare Inc. since July 2003.

Christina L. Gutel-Williams has been designated as the Company's contact person for Investor Relations effective as of today. Ms. Gutel has been with the Company since July 1, 2002, as the Senior Staff Attorney for Reimbursement. Ms. Gutel brings a wealth of health care related experience to her new position, having represented the Company and its subsidiaries in the area of workers' compensation, specializing in representing health care providers before the Texas Workers' Compensation Commission, the Texas State Office of Administrative Hearings and the District Courts of Texas. Ms. Gutel received her Bachelor of Business Administration degree from Stephen F. Austin State University and a J.D. from the South Texas College of Law in 2000. She was a member of the South Texas Law Review.

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

    Dynacq Healthcare Inc., Houston
     Christina L. Gutel-Williams, 713-378-2000

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