Thursday, October 05, 2006

Omni Medical Holdings Records 375% Increase in Quarterly Revenue

Omni Medical Holdings Inc. (OTCBB:ONMH) provides a turn key back office suite of products and services to healthcare practitioners and facilities throughout the United States and today announced financial results for the quarter ending June 30, 2005 that included a 375% increase in revenues to $1,493,604.

Omni Medical CEO Arthur Lyons commented on the company's recent 10Q filing:

"The quarter ending June 30 showed dramatic improvement in many areas for Omni Medical, beginning with a 375% increase in revenue growth. While it's true that expenses grew at a 453% rate, much of that increase is due to a conservative depreciation schedule and added interest expense for DataFuzion. We expect interest expense to decline over the coming twelve months, as debt is either retired, renegotiated or converted to equity. It should be noted that DataFuzion worked hard to cut expenses this past quarter and that impact should be seen in next quarter's performance.

"We also experienced an 19% increase in shareholder's equity, due principally to the acquisition of Plum Creek Outpatient and assets of Stat Anesthesia, which have already shown themselves to be excellent additions to the company.

"The Plum Creek acquisition and Stat Anesthesia services agreement closed in mid April, so Omni didn't receive a full quarter's benefit from the transaction. Given the continued strong demand for their services, our shareholders could see further increases in revenue, cash flow and equity through calendar year end as the full financial impact of that transaction takes effect. Recently signed new accounts will also increase our margins and validate the expenditures for existing infrastructure."

Investors are asked to visit http://www.agoracom.com/IR/OmniMedical and can e-mail correspondence to onmh@agoracom.com. Investors can also request to receive all future e-mail press releases and correspondence directly.

Omni Medical Holdings Inc. (OTCBB:ONMH) provides medical billing and a full range of information technology products to medical practitioners throughout the United States. For more information, please visit www.omnimedical.com and www.datafuzion.com.

This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional cord blood banking revenue streams. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.


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