| Press Release |  Source: Emergent Group Inc. |
|---------------|-----------------------------------|

| ·   | Revenue decreased 4.8% to $7,594,715 versus $7,981,464 for the prior year's third quarter ended September 30, 2009 as the company noted continued softness in demand for medical procedures and related services affecting various healthcare sectors. However, third quarter revenue was 4.8% higher than the second quarter of 2010. This compared to sequential revenue growth of 2.5% between the second and third quarters of 2009. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | EBITDA (earnings before interest, taxes, depreciation and amortization) declined 8.7% to $1,919,041 versus $2,101,177 for the prior year period. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Net income decreased 14.5% to $710,036, or $0.10 per diluted share, for the third quarter of 2010, versus $830,656, or $0.12 per diluted share, in the prior year period. Diluted weighted-average shares outstanding were lower in the current quarter at 7,045,049 versus 7,089,598 for the prior year period. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | At the end of the quarter, the company had a cash balance of $7,283,073, amounting to $1.03 per diluted share. |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| ·   | Revenue decreased 3.9% to $22,214,727 versus $23,105,272 for the prior year period ended September 30, 2009. |
|--------------------|--------------------------------------------------------------------------------------------------------------|

| ·   | EBITDA (earnings before interest, taxes, depreciation and amortization) declined 0.4% to $6,030,693 versus $6,055,785 for the prior year period.  |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Net income decreased 5.1% to $2,276,244, or $0.32 per diluted share, for the first nine months of 2010, versus $2,398,919, or $0.34 per diluted share, in the prior year period.  Diluted weighted-average shares outstanding were slightly lower for the latest nine months at 7,020,315 versus 7,059,774 for the prior year period. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                         |   |          |       |   |
|--------------------------------------------------------------|--------|---------------|------------|--------|
|                                                         |   | September 30, |       |   | December 31, |   |
|                                                         |   | 2010          |       |   | 2009 |   |
| ASSETS                                                       |   | (Unaudited)   |       |   |   |   |
|                                                         |   |          |       |   |   |   |
| Current assets                                               |   |          |       |   |   |   |
| Cash                                                         |   | $             | 7,283,073  |   |   | $ | 7,427,165 |   |
| Accounts receivable, net of allowance for doubtful           |   |          |       |   |   |   |   |   |
| accounts of $98,909 and $83,704                              |   |          | 3,803,026  |   |   |   | 4,006,123 |   |
| Inventory, net                                               |   |          | 1,130,668  |   |   |   | 889,526 |   |
| Prepaid expenses                                             |   |          | 299,523    |   |   |   | 380,825 |   |
| Deferred income taxes                                        |   |          | 257,630    |   |   |   | 557,630 |   |
| Total current assets                                         |   |          | 12,773,920 |   |   |   | 13,261,269 |   |
|                                                         |   |          |       |   |   |   |   |   |
| Property and equipment, net of accumulated depreciation and  |   |          |       |   |   |
| amortization of $10,304,504 and $9,031,136                   |   |          | 4,681,577  |   |   |   | 5,545,492 |   |
| Goodwill                                                     |   |          | 1,120,058  |   |   |   | 1,120,058 |   |
| Deferred income taxes                                        |   |          | 21,126     |   |   |   | 21,126 |   |
| Other intangible assets, net of accumulated amortization of  |   |          |       |   |   |   |   |   |
| $372,373 and $300,672                                        |   |          | 393,564    |   |   |   | 455,265 |   |
| Deposits and other assets                                    |   |          | 82,671     |   |   |   | 80,992 |   |
| Total assets                                                 |   | $             | 19,072,916 |   |   | $ | 20,484,202 |   |
|                                                         |   |          |       |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                         |   |          |       |   |   |   |   |   |
|                                                         |   |          |       |   |   |   |   |   |
| Current liabilities                                          |   |          |       |   |   |   |   |   |
| Current portion of capital lease obligations                 |   | $             | 1,834,276  |   |   | $ | 1,901,272 |   |
| Dividends payable                                            |   |          | --         |   |   |   | 2,710,817 |   |
| Accounts payable                                             |   |          | 1,671,098  |   |   |   | 1,440,122 |   |
| Accrued expenses and other liabilities                       |   |          | 2,010,296  |   |   |   | 2,456,315 |   |
| Total current liabilities                                    |   |          | 5,515,670  |   |   |   | 8,508,526 |   |
| Capital lease obligations, net of current portion            |   |          | 1,872,710  |   |   |   | 2,670,942 |   |
| Total liabilities                                            |   |          | 7,388,380  |   |   |   | 11,179,468 |   |
|                                                         |   |          |       |   |   |   |   |   |
| Shareholders' equity                                         |   |          |       |   |   |   |   |   |
| Preferred stock, $0.001 par value, non-voting 10,000,000     |   |          |       |   |   |   |   |   |
| shares authorized, no shares issued and outstanding          |   |          | --         |   |   |   | -- |   |
| Common stock, $0.04 par value, 100,000,000 shares authorized |   |          |       |   |   |
| 6,897,024 and 6,776,118 shares issued and outstanding        |   |          | 275,877    |   |   |   | 271,042 |   |
| Additional paid-in capital                                   |   |          | 16,753,421 |   |   |   | 16,507,958 |   |
| Accumulated deficit                                          |   |          | (5,786,081 | )      |   |   | (8,062,324 | ) |
| Total Emergent Group equity                                  |   |          | 11,243,217 |   |   |   | 8,716,676 |   |
| Non-controlling interest                                     |   |          | 441,319    |   |   |   | 588,058 |   |
| Total shareholders' equity                                   |   |          | 11,684,536 |   |   |   | 9,304,734 |   |
|  Total liabilities and shareholders' equity             |   | $             | 19,072,916 |   |   | $ | 20,484,202 |   |

----

|                                          |   |               |      |   |              |   |      |   |   |   |       |   |
|-----------------------------------------------|--------|--------------------|-----------|--------|-------------------|--------|-----------|--------|--------|--------|------------|--------|
|                                          |   | Three Months Ended |      |   | Nine Months Ended |   |
|                                          |   | September 30,      |      |   | September 30,     |   |
|                                          |   | 2010               |      |   | 2009              |   |      | 2010   |   |   | 2009       |   |
| Revenue                                       |   | $                  | 7,594,715 |   |              | $      | 7,981,464 |   |   | $      | 22,214,727 |   |   | $ | 23,105,272 |   |
| Cost of goods sold                            |   |               | 4,607,609 |   |              |   | 4,802,495 |   |   |   | 13,465,898 |   |   |   | 13,839,056 |   |
| Gross profit                                  |   |               | 2,987,106 |   |              |   | 3,178,969 |   |   |   | 8,748,829  |   |   |   | 9,266,216 |   |
| Selling, general, and administrative expenses |   |               | 1,566,503 |   |              |   | 1,490,174 |   |   |   | 4,522,235  |   |   |   | 4,442,338 |   |
| Income from operations                        |   |               | 1,420,603 |   |              |   | 1,688,795 |   |   |   | 4,226,594  |   |   |   | 4,823,878 |   |
| Other income (expense)                        |   |               |      |   |              |   |      |   |   |   |       |   |   |   |   |   |
| Interest expense, net                         |   |               | (64,410   | )      |              |   | (85,692   | )      |   |   | (210,496   | )      |   |   | (261,681 | ) |
| Gain on disposal of property and equipment    |   |               | --        |   |              |   | 5,500     |   |   |   | 64,323     |   |   |   | 8,050 |   |
| Other income from affiliated entities, net    |   |               | --        |   |              |   | --        |   |   |   | 190,221    |   |   |   | -- |   |
| Other income, net                             |   |               | 978       |   |              |   | 76        |   |   |   | 1,923      |   |   |   | 30,336 |   |
| Total other income (expense)                  |   |               | (63,432   | )      |              |   | (80,116   | )      |   |   | 45,971     |   |   |   | (223,295 | ) |
| Income before provision for income taxes and  |   |               |      |   |              |   |      |   |   |   |       |   |   |
| non-controlling interest                      |   |               | 1,357,171 |   |              |   | 1,608,679 |   |   |   | 4,272,565  |   |   |   | 4,600,583 |   |
| Provision for income taxes                    |   |               | (472,755  | )      |              |   | (553,000  | )      |   |   | (1,550,044 | )      |   |   | (1,604,634 | ) |
| Income before non-controlling interest        |   |               | 884,416   |   |              |   | 1,055,679 |   |   |   | 2,722,521  |   |   |   | 2,995,949 |   |
| Non-controlling interests in income of        |   |               |      |   |              |   |      |   |   |   |       |   |   |   |   |   |
| consolidated limited liability companies      |   |               | (174,380  | )      |              |   | (225,023  | )      |   |   | (446,277   | )      |   |   | (597,030 | ) |
| Net income                                    |   | $                  | 710,036   |   |              | $      | 830,656   |   |   | $      | 2,276,244  |   |   | $ | 2,398,919 |   |
| Basic earnings per share                      |   | $                  | 0.10      |   |              | $      | 0.12      |   |   | $      | 0.33       |   |   | $ | 0.36 |   |
| Diluted earnings per share                    |   | $                  | 0.10      |   |              | $      | 0.12      |   |   | $      | 0.32       |   |   | $ | 0.34 |   |
| Basic weighted average shares outstanding     |   |               | 6,875,040 |   |              |   | 6,745,663 |   |   |   | 6,841,176  |   |   |   | 6,710,175 |   |
| Diluted weighted-average shares outstanding   |   |               | 7,045,049 |   |              |   | 7,089,598 |   |   |   | 7,020,315  |   |   |   | 7,059,774 |   |

----

|                                    |   | Three Months Ended |      |   | Nine Months Ended |   |
|-----------------------------------------|--------|--------------------|-----------|--------|-------------------|--------|
|                                    |   | September 30,      |      |   | September 30,     |   |
|                                    |   | 2010               |      |   | 2009              |   |   | 2010 |   |   | 2009 |   |
|                                    |   |               |      |   |              |   |
| Net income                              |   | $                  | 710,036   |   |              | $      | 830,656 |   |   | $ | 2,276,244 |   |   | $ | 2,398,919 |   |
| Depreciation and amortization           |   |               | 593,796   |   |              |   | 568,549 |   |   |   | 1,773,679 |   |   |   | 1,620,057 |   |
| Amortization - stock based compensation |   |               | 78,044    |   |              |   | 63,280 |   |   |   | 220,230 |   |   |   | 170,494 |   |
| Interest expense, net                   |   |               | 64,410    |   |              |   | 85,692 |   |   |   | 210,496 |   |   |   | 261,681 |   |
| Provision for income taxes              |   |               | 472,755   |   |              |   | 553,000 |   |   |   | 1,550,044 |   |   |   | 1,604,634 |   |
| Total                                   |   | $                  | 1,919,041 |   |              | $      | 2,101,177 |   |   | $ | 6,030,693 |   |   | $ | 6,055,785 |   |