Emergent Group Inc. Strengthens New York Market Presence With Acquisition of Physician...

Emergent Group Inc. Strengthens New York Market Presence With Acquisition of
Physician Partnership

SUN VALLEY, Calif., May 27, 2009 (GLOBE NEWSWIRE) -- Emergent Group Inc. (NYSE
Amex Equities:LZR), a leading provider of mobile medical lasers and surgical
equipment, today announced that it has strengthened its presence in the New York
market with the acquisition of New York Cryosurgery Equipment, LLC, a physician
partnership specializing in rentals of cryosurgery equipment.

New York Cryosurgery Equipment, LLC provides mobile cryosurgery equipment and
technicians to hospitals for treatment of prostate and renal cancer. Terms of
the transaction were not disclosed.

Emergent Group Chairman and CEO Bruce J. Haber said the transaction signals
Emergent's first step to capitalize on an opportunity developing in the medical
equipment rental market as physicians consider sales or restructuring of their
interests in such businesses to comply with an October 2009 deadline arising
from a rule change by the U.S. Centers for Medicare & Medicaid Services (CMS).

"The significance of this modest transaction is not its immediate financial
impact, but its potential for future sales growth and the fact that it is our
first acquisition resulting from this emerging market opportunity," Haber said.
"Our purchase of New York Cryosurgery Equipment, LLC will allow us to strengthen
our position in the sizeable New York equipment rental market and introduce new
customers to our full range of products and services." Haber noted that, as one
of its growth strategies, Emergent Group intends to pursue more acquisitions to
expand the company's sales and geographic footprint.

About Emergent Group Inc.

Emergent Group Inc., through its wholly owned subsidiary, PRI Medical
Technologies, Inc. ("PRI Medical"), provides mobile medical laser and surgical
equipment in 16 states on a per-procedure basis to hospitals, outpatient surgery
centers and physicians' offices. Surgical equipment is provided to customers
along with technical support personnel to ensure that such equipment is
operating correctly. PRI Medical currently offers its services in five states in
the western United States and 11 states along the eastern seaboard. For investor
and product information, visit Emergent Group's website,
www.emergentgroupinc.com.

Forward-Looking Statements

Statements in this news release may contain forward-looking statements within
the meaning of Section 27A of the U.S. Securities Act of 1993 and Section 21E of
the Securities Exchange Act of 1934. Such statements may involve various risks
and uncertainties, some of which may be discussed in the Company's most recent
report on Form 10-K and subsequently filed SEC reports. There is no assurance
any forward-looking statements will prove accurate, as actual results and future
events could differ materially from those presently anticipated.

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CONTACT: Emergent Group Inc.
Bruce J. Haber
(914) 235-5550, x. 12
bhaber@primedical.net