D&K Healthcare Resources Names Richard Keffer Vice President, General Counsel and Secretary

Business Wire, August 25, 2004

ST. LOUIS -- D&K Healthcare Resources, Inc. (Nasdaq:DKHR) today announced it has named Richard (Rich) Keffer, Vice President, General Counsel and Secretary, effective immediately. In this role, Mr. Keffer will manage all legal and corporate governance issues at D&K Healthcare. He will report to Martin Wilson, President and Chief Operating Officer of D&K.

Mr. Keffer brings to D&K Healthcare considerable legal and executive leadership experience. He most recently served as General Counsel, Secretary and Corporate Compliance officer at Aurora Foods Inc. Prior to Aurora Foods he spent six years with The Premcor Refining Group Inc., and 12 years with Pet Incorporated and The Pillsbury Company subsequent to the acquisition of Pet by Pillsbury.

"We are pleased to welcome Rich to the D&K team," said Martin Wilson, D&K's President and Chief Operating Officer. "Rich's broad-based experience will not only add value in the legal and governance areas, but will also provide important leadership to our management team as we continue to successfully grow our independent and regional pharmacy distribution business."

Mr. Keffer earned his BA in Business Administration and Economics from Greenville College and his JD from Washington University School of Law.

D&K Healthcare Resources, Inc., which had fiscal 2004 sales of $2.5 billion, is a full-service wholesale distributor of branded and generic pharmaceuticals and over-the-counter health and beauty aid products. Headquartered in St. Louis, D&K serves three classes of customers from eight distribution centers: independent and regional pharmacies with locations in one or more of 27 states, primarily in the Midwest, Upper Midwest and South; national accounts that operate locations in multiple regions of the United States; and other healthcare providers including hospitals, alternate-site care providers, and pharmacy benefit management companies in its primary distribution area. D&K also offers a number of proprietary information systems, marketing and business management solutions, and owns a 70% equity stake in Pharmaceutical Buyers, Inc., a leading alternate-site group purchasing service located in Broomfield, CO. More information can be found at www.dkhealthcare.com.

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are inherently subject to risks and uncertainties. The company's actual results could differ materially from those currently anticipated due to a number of factors, including without limitation, the competitive nature of the wholesale pharmaceutical distribution industry with many competitors having substantially greater resources than D&K Healthcare, the company's ability to maintain or improve its operating margins with the industry's competitive pricing pressures, the company's customers and suppliers generally having the right to terminate or reduce their purchases or shipments on relatively short notice, changes in the company's prime vendor status with cooperative purchasing groups, the availability of investment purchasing opportunities, the company's ability to complete and integrate acquisitions successfully, the changing business and regulatory environment of the healthcare industry in which the company operates, including manufacturers' pricing or distribution policies or practices, the loss of one or more key suppliers for which alternative sources may not be available, changes in private and governmental reimbursement or in the delivery systems for healthcare products, changes in interest rates, and other factors set forth in reports and other documents filed by D&K Healthcare with the Securities and Exchange Commission from time to time. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. D&K Healthcare undertakes no obligation to publicly update or revise any forward-looking statements.