Lancer Announces First Quarter Financial Results - Net Sales Increase Over 12% - SAN MARCOS, Calif., Oct. 18 /PRNewswire-FirstCall/ -- Lancer Orthodontics, Inc. (OTC:LANZ) (BULLETIN BOARD: LANZ) today reported consolidated net sales of $1.48 million for the first quarter ended August 31, 2004 compared to $1.32 million in the comparable quarter in 2003, an increase of over 12%. Lancer announced a net loss of $63,350, or ($0.02) per share for the first quarter ended August 31, 2004, down significantly from a loss of $140,215, or ($0.06) per share in the previous year's first quarter. "While we will continue to work on improving operations during fiscal 2005, we will focus a greater portion of our resources on increasing sales," said Allen Barbieri, Chief Executive Officer. "With several significant new products slated for release during fiscal 2005, we are looking forward to reporting our progress this year," said Zackary Irani, Lancer Chairman. Lancer Orthodontics (OTC:LANZ) (BULLETIN BOARD: LANZ) Lancer Orthodontic (http://www.lancerortho.com/) 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 intended launch dates, sales potential, significant benefits, market size, growth of business, favorable positions, 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. 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 of Lancer Orthodontics, Inc., +1-760-744-5585. DATASOURCE: Lancer Orthodontics, Inc. CONTACT: Allen Barbieri of Lancer Orthodontics, Inc., +1-760-744-5585 Web site: http://www.lancerortho.com/

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