Lancer Orthodontics Announces Financial Year-End Results SAN MARCOS, Calif., Sept. 8 /PRNewswire-FirstCall/ -- Lancer Orthodontics, Inc. (OTC:LANZ) (BULLETIN BOARD: LANZ) today announced its financial results for its fiscal year ended May 31, 2004. Lancer reported net sales for fiscal year 2004 of $6,024,009 compared to $5,887,898 in 2003, an increase of $136,111 or 2.3%. Net income was $28,951 or $0.01 per share in fiscal 2004, vs. a net income of $71,175 or $0.03 per share in fiscal 2003. "Net income was lower during 2004 due to increased investments in sales and marketing, new product development, and overall quality improvements. We are aggressively investing in improved infrastructure, and product lines that we expect will drive higher sales growth and profitability in the future. Our goal over the next 24 months is to dramatically reposition the company as a quality and service leader in the orthodontic market place," said Allen Barbieri, Lancer's new CEO. "Lancer has recently invested over $390,000 in new technology and equipment. We now have a cutting edge product line with several exciting new products slated for release during fiscal 2005. Lancer now has an aggressive and experienced management team that is fully capable repositioning and growing the Company. We are looking forward to reporting our progress this year," said Zackary Irani, Lancer, Chairman. Lancer Orthodontics (OTC:LANZ) (BULLETIN BOARD: LANZ) develops, manufactures and markets over 5000 different state-of-the-art orthodontic products worldwide. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Lancer Orthodontics) contains statements that are forward-looking; such as statements relating to higher sales growth, profitability, new products slated for release, intended launch dates, expansion, significant growth, expected orders, cost saving programs, sales generating programs, leading market positions, anticipated future revenues or production volume of the company, success of product and new product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Lancer. The potential risks and uncertainties include, among others, fluctuations in the Company's operating results due to its business model and expansion plans, downturns in international and or national economies, the Company's ability to raise additional capital, the competitive environment in which the Company will be competing, and the Company's dependence on strategic relationships. The Company is under no obligation to update any forward-looking statements after the date of this release. For further information, please contact Allen Barbieri, CEO of Lancer Orthodontics, Inc., +1-760-744-5585. DATASOURCE: Lancer Orthodontics, Inc. CONTACT: Allen Barbieri, CEO of Lancer Orthodontics, Inc., +1-760-744-5585

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