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Settlement Hearing for In Re PainCare Holdings, Inc. ("PRZ") Securities Litigation
Date:6/30/2008

Class Action To Be Held on September 15, 2008 at 9:30 a.m.

PHILADELPHIA, June 30 /PRNewswire/ -- Plaintiffs' counsel in the PainCare Holdings, Inc. Securities Litigation class action today announced the following:

United States District Court

Middle District of Florida -- Orlando Division

In re PainCare Holdings, Inc. Securities Litigation

6:06-cv-362-Orl-28DAB

Summary Notice of Pendency of Class Action,

Proposed Settlement, Motion for Final Approval

of Settlement and Attorneys' Fees

If you purchased or otherwise acquired PainCare Holdings, Inc. ("PainCare") common stock during the period between March 24, 2003 and March 15, 2006, inclusive (the "Class Period") and were damaged thereby, and are not otherwise excluded from the settlement class, then you could receive a payment from the proposed settlement of a securities class action.

A settlement has been proposed in a class action about the alleged inflation of the price of PainCare common stock during the Class Period. The settlement will provide a settlement fund of two million dollars ($2,000,000) for the benefit of investors who purchased PainCare common stock during the Class Period. If you qualify, you may send in a claim form to get benefits, you can exclude yourself from the settlement, or you can object to the settlement.

The United States District Court for the Middle District of Florida, Orlando Division, authorized this Summary Notice. Before any money is paid, the Court will hold a hearing to decide whether to approve the settlement.

Who is included?

You are a Class Member if you purchased PainCare publicly-traded common stock during the period between March 24, 2003 and March 15, 2006, inclusive, and were damaged thereby. If you still are unsure whether you are included you can ask for help. You can call 1-800-252-5745, toll free, or visit

SOURCE Barrack, Rodos & Bacine
Copyright©2008 PR Newswire.
All rights reserved

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