Lancer Orthodontics Announces Third Quarter Financial Results - Third Quarter EPS $0.03 per share - SAN MARCOS, Calif., April 15 /PRNewswire-FirstCall/ -- Lancer Orthodontics, Inc. (BULLETIN BOARD: LANZ) today reported net income of $66,420 or $0.03 per share, for the three months ended February 29, 2004, compared to net income of $19,379 or $0.01 per share, in the previous fiscal year. For the nine months ended February 29, 2004, the Company reported a net loss of $69,787 or $0.03 per share, compared to a net income of $45,311, or $0.02 per share, for the same period last year. Net sales for the three-month period ended February 29, 2004 increased to $1,638,962 from $1,507,626 in the same period last year, an increase of approximately 9%. For the nine-month period ended February 29, 2004 net sales increased to $4,522,721 from $4,298,029 in the same period last year, an increase of approximately 5%. About Lancer Orthodontics Inc. (OTC:LANZ) (BULLETIN BOARD: LANZ) Lancer Orthodontics (OTC:LANZ) (BULLETIN BOARD: LANZ) develops, manufactures and markets state-of-the-art orthodontic products such as bands, brackets and buccal tubes 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 cost reductions, increases in efficiencies, intended launch dates, expansion, expected orders, 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 Orthodontics. The potential risks and uncertainties include, among others, fluctuations in the Company's operating results due to its 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. Contact: Zackary Irani 760-744-5585 DATASOURCE: Lancer Orthodontics, Inc. CONTACT: Zackary Irani of Lancer Orthodontics, Inc., +1-760-744-5585

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