BNET Industries

Omni Medical Holdings Inc.

(OMHI) is in the Business Services Industry

Market Cap:$90.3K

Last Fiscal Year Sales:$1.7M

Public
US

Dow Jones Description

Effective May 30, 2003, Omni Medical Holdings, Inc. ("Omni Medical Holdings," "Omni," "OMH," the "Company" or "we," "our," "us" and words of similar import), through our wholly-owned subsidiary, Omni Medical Services, Inc.("OMS"), completed an Asset Purchase Agreement with Medical Billing Management, Inc. ("MBM"), a corporation based in Mississippi and a provider of medical billing and collection services to medical practitioners. The aggregate purchase price was $450,000, including $150,000 paid at closing, $75,000 payable on November 30, 2003 (that was paid in February 2004) and $225,000 payable on May 31, 2004. The May 31, 2004 payment was subject to an adjustment which is to be calculated based on a multiple of the amount by which revenues for the year ending May 31, 2004 are more or less than a baseline amount. The adjustment will be recorded as an adjustment to the acquisition cost of MBM. For more information regarding this Agreement, see our 8-K Current Report filed with the Securities and Exchange Commission on May 10, 2004.

Chairman Emeritus, Co-Founder

Raymond Fay

Contact Information

1107 Mt Rushmore Road

Suite 2

Rapid City, South Dakota 57701

605 718 0380

Peer Companies

NAICS Code All Other Business Support Services: 561499

Executive Profiles

Decision Makers

Name (plus bio)	Position
Robert Bauers	Director

Board of Directors

Name (plus bio)	Position
Raymond Fay	Chairman Emeritus, Co-Founder

Dr. Fay co-founded DataFuzion, Inc. and served as Chairman through November 2002. Dr. Fay is a nationally renowned Urologist as well as past and present head of hospitals and Urology departments. Specializing in Pediatric Urology, Dr. Fay has been a practicing Urologic Surgeon in California for 32 years. In the past, Dr. Fay, has served as CEO of the Northern California Urology Alliance, and was Chairman at the Department of Urology at Children's Hospital and the California Pacific Medical Center. Dr. Fay was Assistant Clinical Professor at the University of California in San Francisco, and is a past Board member of the American Urologic Association - Western Division. Currently, he also serves as Chairman of the Quality Assurance Committee for the California Medical Board of Licensing. Dr. Fay is a nationally known speaker and is widely published with numerous articles related to Urology, future forecasting, and the use of critical Healthcare Information Technology and the need for a "turn key" back office medical system.

Organization	Position	Status
Omni Medical Holdings, Inc.	Chairman Emeritus, Co-Founder	Current
California Pacific Medical Center	Member Western Division	Current
University of California	Assistant Clinical Professor	Former
University of California, San Francisco	Assistant Clinical Professor	Former
California Pacific Medical Center	Chairman	Former
Children's Hospital	Chairman	Former
Datafuzion, Inc.	Chairman	Former

Organization	Position	Status
Datafuzion, Inc.		Current
Omni Medical Holdings, Inc.	Director	Current
Bank One Corp	Executive Vice President of Bank	Former
First Municipal Leasing Corporation	Principal	Former
Bank One Corp	Principal	Former
University of Colorado	Bachelor of Science In Business Administration	Former