PSS World Medical to File Trading Plans under Rule 10b5-1 for Company Officers

Business Wire, Nov 2, 2005

JACKSONVILLE, Fla. -- PSS World Medical, Inc. (NASDAQ/NM:PSSI) announced today that certain officers of the Company will participate in pre-arranged stock trading plans to facilitate the orderly liquidation of stock options that are or will soon be expiring.

The stock sale plans were established in accordance with the Securities and Exchange Commission Rule 10b5-1. Rule 10b5-1 provides directors and officers of public companies with a systematic method of obtaining liquidity in their securities holdings, while minimizing potential disruption to the financial markets by spreading stock sales over a defined period of time. A 10b5-1 plan may only be adopted when the individual is not in possession of material non-public information and when the Company is outside of its blackout periods, which are defined by company policy.

The Company's President and Chief Executive Officer, David A. Smith intends to hold the net amount of shares of Company stock from each sale after utilizing the cash-less exercise method to pay for applicable taxes, exercise strike price and fees. According to the terms of his individual 10b5-1 plan, Mr. Smith will exercise 25,000 expiring options in the first transaction and on his behalf sell approximately 13,000 shares of the Company's common stock in November 2005, with approximately 12,000 shares being retained by Mr. Smith.

Additionally, other Company officers also intend to adopt pre-arranged trading plans in accordance with the Securities and Exchange Commission Rule 10b5-1.

The transactions for each respective pre-arranged trading plan adopted by the Company's officers will be disclosed publicly through Form 144 and Form 4 filings with the SEC.

PSS World Medical, Inc. is a national distributor of medical products to physicians and elder care providers through its two business units. Since its inception in 1983, PSS has become a leader in the two market segments that it serves with a focused market approach to customer services, a consultative sales force, strategic acquisitions, strong arrangements with product manufacturers and a unique culture of performance.

All statements in this release that are not historical facts, including, but not limited to, statements regarding anticipated growth in revenue, gross and operating margins, and earnings, statements regarding the Company's current business strategy, the Company's ability to complete and integrate acquired businesses and generate acceptable rates of return, the Company's projected sources and uses of cash, and the Company's plans for future development and operations, are based upon current expectations. Specifically, forward-looking statements in this Press Release include, without limitation, the Company's expected results in GAAP EPS, revenue, operating incomes and operating margins for continuing operations and discontinued operations for both the consolidated company and for each of its businesses in fiscal year 2006; the expected operational cash flow in fiscal year 2006 and in fiscal years 2007 - 2008; the ability to sustain revenue growth and expected growth rates of the marketing programs in its Physician and Elder Care Businesses; expected flu vaccine sales during fiscal year 2006; and expected sales growth from durable medical equipment, housekeeping, revenues derived from home care and assisted living customers, our expectations for revenue, operating income, operating margin, cash flow from operations and earnings per share for fiscal year 2006, and in fiscal years 2007 - 2008, as well as other expectations of growth and financial and operational performance. These statements are forward looking in nature and involve a number of risks and uncertainties. Actual results may differ materially. Among the factors that could cause results to differ materially are the following: pricing and customer credit quality pressures; the loss of any of our distributorship agreements and our reliance on relationships with our vendors; our reliance on a limited number of elder care customers; the availability of sufficient capital to finance the Company's business plans on terms satisfactory to the Company; competitive factors; the ability of the Company to adequately defend or reach a settlement of outstanding litigations and investigations involving the Company or its management; changes in labor, equipment and capital costs; changes in regulations affecting the Company's business, such as the Medicare cliffs, changes in malpractice insurance rates and tort reform; future acquisitions or strategic partnerships; general business and economic conditions; and other factors described from time to time in the Company's reports filed with the Securities and Exchange Commission. Many of these factors are outside the control of the Company. The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. The Company also wishes to caution readers that it undertakes no duty or is under no obligation to update or revise any forward-looking statements.