Medical Action Named By Forbes Magazine As One Of The Best Small Public Companies

Medical Action Industries Inc. (NASDAQ/MDCI), announced today that it will hold a conference call to present financial results for the quarter ended September 30, 2008 on Thursday, November 6, 2008 at 10:00 a.m. (ET).

Paul D. Meringolo, Medical Action’s President and CEO further advised that our results of operations for the quarter ended September 30, 2008 are scheduled to be released on Thursday, November 6, 2008 before the market opens. A conference call will be conducted by Mr. Meringolo, Mr. Charles Kelly, Chief Financial Officer and Mr. Richard G. Satin, Vice President - General Counsel, to discuss Medical Action’s financial results.

The conference call will be simultaneously webcast on our website: www.medical-action.com. The dial-in number for the conference call is (888) 868-9080 (domestic) or (973) 935-8511 (international); conference ID #69343822. The complete call and discussion will be available for replay on our website beginning at 1:00 p.m. (ET) on November 6, 2008.

Medical Action also today announced that it was once again selected by Forbes Magazine as one of the 200 best small public companies in America. Mr. Meringolo noted that, “It is extremely gratifying to receive this recognition for the eighth consecutive year, especially given the extraordinary criteria, which includes sales growth, earnings growth and return on equity, over the past five years. Our continuous selection of the past eight years demonstrates our ability to successfully manage our business during various business cycles, including periods of volatility in raw material costs and general economic conditions, such as we have recently experienced.”

Medical Action is a diversified manufacturer of disposable medical devices. Its products are marketed primarily to acute care facilities in domestic and certain international markets. Further, Medical Action has expanded its target market to include physician, dental and veterinary office, out-patient surgery centers, long-term care facilities and laboratories. Medical Action is a leading manufacturer and distributor of many of its products in the primary markets it competes in. The Company’s products are marketed nationally by its direct sales personnel and extensive network of healthcare distributors. Medical Action has preferred vendor agreements with national and regional distributors, as well as sole and multi-source agreements with group purchasing organizations. The Company’s common stock trades on the NASDAQ Global Select Market under the symbol MDCI and is included in the Russell 2000 Index.

This news release contains forward-looking statements that involve risks and uncertainties regarding Medical Action’s operations and future results. Please see the Company’s filings with the Securities and Exchange Commission, including, without limitation, the Company’s Form 10-K and Form 10-Qs, which identify specific factors that would cause actual results or events to differ materially from those described in the forward-looking statements.

Medical Action Industries Inc.
Charles L. Kelly, Jr., 631-231-4600
Chief Financial Officer