Business Editors/Legal Writers

PHILADELPHIA--(BUSINESS WIRE)--Dec. 19, 2001--The law firm of Berger & Montague, P.C., (http://www.bm.net) filed a class action suit on behalf of an investor against SRI Surgical Express, Inc. ("SRI" or the "Company") (NASDAQ: STRC - news) and its principal officers and directors in the United States District Court for the Middle District of Florida (Tampa) on behalf of all persons or entities who purchased SRI Surgical Express, Inc. securities during the period from July 23, 2001 through and including November 27, 2001, inclusive (the "Class Period").

The complaint charges that the defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of l934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between July 23, 2001 and November 27, 2001. Specifically, on July 23, 2001 SRI issued a press release announcing financial results for the second quarter of 2001, which reflected an increase in earnings and revenues from the second quarter of 2000. The press release attributed the seemingly positive results to processing and delivery efficiencies and a supposedly lucrative contract with Health Trust Purchasing Group ("HGP"). These results were incorporated into the Company's financial statements on Form 10-Q, filed with the Securities and Exchange Commission on July 26, 2001. On October 22, 2001, the Company issued a press release announcing record revenues for SRI's third quarter of 2001, which the Company attributed, in part, to the HGP contract. These statements are alleged to be materially false and misleading because SRI's business was being negatively impacted by the HGP contract and the Company's seemingly impressive growth was achieved in part, through improper
revenue recognition. On November 27, 2001, SRI issued a press release announcing that it would restate its earnings and revenues for the third quarter of 2001 because certain revenues should not properly have been recognized in that quarter. SRI's financial performance, as restated, does not meet analysts' expectations for the third quarter and that the Company will not meet analysts' expectations for the fourth quarter 2001 due to increased sales and administrative expenses and startup costs associated with new business. In reaction to the announcement, the price of SRI common stock plummeted by 40%, to close at $14.63 per share on November 28, 2001.

If you purchased SRI Surgical Express, Inc. securities during the period from July 23, 2001 to November 27, 2001, inclusive, you may, no later than January 29, 2001, move to be appointed lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery, is not, however, affected by the decision whether or not to serve as a lead plaintiff.

The law firm of Berger & Montague, P.C. has over 50 attorneys, all of whom represent plaintiffs in complex litigation. The Berger firm has extensive experience representing plaintiffs in class action securities litigation and has played lead roles in major cases over the past 25 years which have resulted in recoveries of several billion dollars to investors. The firm is currently representing investors as lead counsel in actions against Rite Aid, Sotheby's, Waste Management, Inc., Sunbeam, Boston Chicken and IKON Office Solutions, Inc. The standing of Berger & Montague, P.C. in successfully conducting major securities and antitrust litigation has been recognized by numerous courts. For example:

"Class counsel did a remarkable job in representing the class interests." In Re: IKON Offices Solutions Securities Litigation.
Civil Action No. 98-4286(E.D.Pa.) (partial settlement for
$111 million approved May, 2000).

"...(Y)ou have acted the way lawyers at their best ought to act. And I have had a lot of cases...in 15 years now as a judge and I cannot recall a significant case where I felt people were better represented than they are here ... I would say this has been the best representation that I have seen." In Re: Waste Management, Inc. Securities Litigation, Civil Action No. 97-C 7709 (N.D. Ill.) (settled in 1999 for $220 million).

If you purchased SRI Surgical Express, Inc. securities during the Class Period, or have any questions concerning this notice or your rights with respect to this matter, please contact:

Todd S. Collins, Esquire
Douglas M. Risen, Esquire
Kimberly A. Walker, Investor Relations Manager
Berger & Montague, P.C.
1622 Locust Street
Philadelphia, PA 19103
Phone: 888-891-2289 or 215-875-3000
Fax: 215-875-5715
Website: http://www.bm.net
e-mail: InvestorProtect@bm.net

CONTACT: Berger & Montague, P.C., Philadelphia
Todd S. Collins, Esquire
Douglas M. Risen, Esquire
Kimberly A. Walker, Investor Relations Manager
Phone: 888/891-2289 or 215/875-3000
Fax: 215/875-5715
e-mail: InvestorProtect@bm.net