Medical laser rental company Emergent Group to trade on NYSE Alternext US

Nov. 7, 2008
NOVEMBER 7, 2008 -- Emergent Group Inc. (Sun Valley, CA), provider of mobile medical and cosmetic lasers and surgical equipment, has been approved for listing on the NYSE Alternext US, formerly the American Stock Exchange. The company anticipates trading on the exchange to begin the week of November 10 under the ticker symbol "LZR".

NOVEMBER 7, 2008 -- Emergent Group Inc. (Sun Valley, CA), provider of equipment for laser surgery, cosmetic skin treatments, and other medical-laser procedures, has been approved for listing on the NYSE Alternext US. The company anticipates trading on the exchange, formerly known as the American Stock Exchange, to begin the week of November 10 under the ticker symbol "LZR".

"Our presence on NYSE Alternext US will recognize Emergent Group's increasingly important role in the provision of mobile medical laser and surgical equipment through our PRI Medical Technologies subsidiary," said Chairman and CEO Bruce J. Haber.

Emergent Group, through its wholly owned subsidiary, PRI Medical Technologies, provides mobile medical laser and surgical equipment in 16 states on a per-procedure basis to hospitals, outpatient surgery centers and physicians' offices. Along with the equipment ,customers receive support by technical personnel. "We believe this new listing will give investors a greater opportunity to understand our potential for future growth in this exciting healthcare sector," Haber noted.

Emergent is focused on the following growth strategies:

* Expanding per-procedure rentals of existing medical equipment and sales of accompanying disposable items in markets that now cover 16 states.
* Capitalizing on a growing number of medical procedures and increasing limits on physician ownership of equipment.
* Identifying and offering new, cost-effective medical technologies to hospitals and physician groups with the aid of company-trained technicians.
* Pursuing acquisitions that expand Emergent's sales and geographic footprint.

Emergent Group should also benefit, Haber said, as hospitals shift their focus to equipment rental opportunities and limit capital expenditures in a difficult economic environment.

Approval of Emergent Group's new listing on the NYSE Alternext US is contingent upon the company being in compliance with all applicable listing standards on the date it begins trading, and may be rescinded if the company is not in compliance with such standards.

More information:
PRI Medical

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