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    BANGOR, Maine, July 16 /PRNewswire-FirstCall/ -- Nyer Medical Group
 Inc., (Nasdaq:   NYER) announced today that its 80% owned subsidiary, D.A.W.,
 Inc. has added three pharmacies. Two of the pharmacies are start-ups
 operating in the Massachusetts communities of Brockton and Framingham. Each
 of the two pharmacies has entered into a contract to maintain a segregated
 inventory on behalf of a federally qualified health center for the purpose
 of providing pharmacy services consistent with the federal 340B
 prescription program. A third, long-operating pharmacy, has been acquired
 in Woburn, Massachusetts. Mark Dumouchel, President of the pharmacy
 subsidiary, stated that "the additions bring us to a total of 18 owned
 pharmacies. The company also has contracts to manage two pharmacies owned
 by federally qualified health centers in addition to contracts with four
 other federally qualified health centers to provide pharmacy services to
 their patients."
     The addition of the three pharmacies will add approximately $3.7
 million to revenue in fiscal 2008 and the two new health center pharmacies
 will add approximately $600,000 to dispensing fee revenue in fiscal 2008.
     In other news today, Nyer Medical Group Inc. received a letter dated
 July 15, 2007 from the minority shareholders (the "Minority Shareholders")
 of D.A.W., Inc. ("DAW") and F.M.T. Franchise Co., Inc. ("FMT"), that the
 Minority Shareholders "do not presently intend to (a) take any action with
 respect to any provisions of either the Shareholders' Agreement, dated as
 of August 5, 1996, by and among the Minority Shareholders, DAW, FMT and
 Nyer Medical Group, Inc. or the Agreement, dated as of August 9, 2006, by
 and among the same parties or (b) enforce any remedies available to them
 under either of such agreements. These statements represent the Minority
 Shareholders' intentions as of the date hereof only and no assurance can be
 given that such intentions will not change in the future, whether or not
 there occurs any change of circumstances."
     Karen Wright, President of Nyer Medical Group said, "Yesterday's
 statement by the Minority Shareholders demonstrates that the Minority
 Shareholders are willing to work with the Company past the contractual July
 15, 2007 deadline to buy out their interests."
     Nyer Medical Group, Inc. is a holding company that through its
 subsidiaries operates pharmacies in the greater Boston area and a medical
 products business that distributes and markets medical equipment and supply
 products 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 and South Florida.
     For further information contact Karen Wright (207) 942-5273.
     Additional information concerning Nyer Medical Group, Inc. may be found
 on NYER's website http://www.nyermedicalgroup.com.
     Safe Harbor under the Private Securities Litigation Reform Act of 1995
     This press release may contain 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 (including,
 without limitation, and statements concerning the addition of revenue and
 dispensing fee revenue and the present intention of the Minority
 Shareholders not to act against the Nyer Medical Group) are forward-looking
 statements and are subject to risk and uncertainties. Such risks and
 uncertainties include, but are not limited to, any possible change in our
 core business and changes in the capital equity markets. Nyer Medical
 Group, Inc. does not undertake any obligation to update these
 forward-looking statements.
 
 

SOURCE Nyer Medical Group, Inc.