Omni Medical Holdings Records 375% Increase in Quarterly Revenue.RAPID CITY, S.D. -- Omni Medical Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ONMH) provides a turn key back office suite of products and services to healthcare practitioners and facilities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 There are at least 166 streams in the USA, called Plum Creek, including :
"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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 A cord blood bank is a facility which stores umbilical cord blood for future use. Cord blood, a precious resource physiologically tranfused from the placenta through the umbilical cord to the neonate for stabilization upon birth, is not recommended to be harvested for the vast 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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