HOUSTON--(BUSINESS WIRE)--Dec. 29, 2004--Dynacq Healthcare Inc. (the “Company”) (OTCBB:DYII) 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.