updated 12/7/2010 10:17:11 AM ET 2010-12-07T15:17:11

SUN VALLEY, Calif., Dec. 7, 2010 (GLOBE NEWSWIRE) -- In a press release issued earlier today by Emergent Group Inc. (NYSE Amex Equities:LZR), please note that the headline was incorrect. The headline should read "Emergent Group Inc. Board Declares One-Time Cash Dividend and Regular Annual Dividend Totaling $0.90 per Share"; the original headline stated that the dividend was a regular quarterly dividend.

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

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