Nyer Medical Group Form 10-K Filing Delayed

BANGOR, Maine, Oct. 15 /PRNewswire-FirstCall/ -- Nyer Medical Group, Inc. announced today that the filing of its Form 10-K for the fiscal year ended June 30, 2004 will be delayed to provide additional time for its auditors to complete their review of the draft Form 10-K. The company’s goal is to file its Form 10-K within the next several business days. Such delay is not reflective of any material difficulties -- financial or otherwise.

Nyer Medical Group, Inc. is a holding company that operates pharmacies in the greater Boston area and a medical products distribution business which distributes medical equipment and supply products that it markets to hospitals, physicians and nursing homes using relationship-based telemarketing, direct sales personnel, catalogs and the Internet. These orders are filled by the Company’s distribution centers located in New England, South Florida and Nevada.

For further information contact Alliance Capital Resources, Inc., Jack Sutton (909) 597-2476.

Safe Harbor under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. All statements in this release that are not historical facts are forward-looking statements and are subject to risks and uncertainties. Such risks and uncertainties include, but are not limited to, lack of sustained profitability and any possible change in our core business. Among the factors that change the anticipated results are changes in the capital equity markets. Nyer does not undertake any obligation to update these forward-looking statements.

Nyer Medical Group, Inc.

CONTACT: Jack Sutton of Alliance Capital Resources, Inc., +1-909-597-2476