BNET Industries

Omni Medical Holdings Inc.

(OMHI) is in the Business Services Industry

Market Cap:$25.8K
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-FounderRaymond Fay
Contact Information

1107 Mt Rushmore Road

Suite 2

Rapid City, South Dakota 57701

605 718 0380

NAICS Code All Other Business Support Services: 561499

News & Analysis

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omni medical holdings inc. - All News and Analysis

  • Springs & Co.

    - 2006-06-26

    COMING AND GOING Friendlyway Corp. has moved its corporate headquarters to the Springs from San Francisco after merging last month with locally based Pantel Systems Inc. Publicly traded Friendlyway has taken the Pantel name and applied to take the stock symbol PSIC. ...

  • Omni Medical Holdings, Inc. Announces New CEO

    - 2006-06-14

    Omni Medical Holdings, Inc. (OTCBB: OMHI)today announced that on June 7, 2006, Arthur Lyons, Chief ExecutiveOfficer, Treasurer and Chairman of the Board of Directors of Omni Medical,resigned those positions due to personal reasons. On that same date, theBoard appointed Mr. Doug Davis as Chairman & CEO. Mr. Davis currentlyserves as...

  • Industry Deals

    - 2006-01-01

    Alamo Capital provided a $500,000 line of credit to Omni Medical Holdings based on its medical receivables. American Capital Strategies invested $45 million in the recapitalization of TechBooks, an electronic content outsourcing firm. Bank of America is providing a revolving credit facility. Antares Capital Strategies invested $ 117...

  • Omni Medical Holdings Announces Reverse Split, Corporate Relocation

    - 2005-10-25

    COLORADO SPRINGS, Colo. -- Omni Medical Holdings, Inc. (OTCBB:ONMH), a national provider of turn key back office solutions for medical practitioners and facilities, announced today that it is has executed a 1 for 4 reverse split effective November 4, 2005. Omni also announced a relocation of its corporate headquarters from...

  • Omni Medical Holdings Retains Westminster Securities Corporation

    - 2005-09-21

    RAPID CITY, S.D. -- Omni Medical Holdings, Inc. (OTCBB:ONMH), a national provider of turn key back office solutions for medical practitioners and facilities, announced today that it is has engaged Westminster Securities Corporation as its financial advisor. Omni CEO Arthur Lyons said, "We believe Westminster's involvement will add...

  • Omni Medical Holdings Secures Credit Line Financing

    - 2005-08-23

    RAPID CITY, S.D. -- Omni Medical Holdings (OTCBB:ONMH), provider of turn key back office solutions for medical practitioners nationally, announced today that it had received financing from Alamo Capital Corporation. Alamo, based in San Antonio, Texas, provided a $500,000 line of credit to Omni based on its medical receivables. ...

  • Omni Medical Holdings Records 375% Increase in Quarterly Revenue

    - 2005-08-18

    RAPID CITY, S.D. -- 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 Holdings Records 49% Increase in Revenue Growth

    - 2005-07-18

    RAPID CITY, S.D. -- 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, today announced financial results for the year ended March 31, 2005 that included a 49% increase in revenues to $1,755,986. ...

  • Omni Medical Retains AGORA Investor Relations

    - 2005-06-21

    RAPID CITY, S.D. -- Omni Medical Holdings Inc. (OTCBB:ONMH), a medical service company providing transcription, billing and collection services to healthcare providers throughout the United States, is pleased to announce it has retained the services of AGORA Investor Relations Corp. ("AGORA") (http://www.AgoraIR.com) to provide investor relations services. The...

  • Omni Medical Holdings Inc., Announces DataFuzion Inc. Has Earned Certified Partner Status in Microsoft Partner Program

    - 2005-05-06

    LITTLETON, Colo. -- Omni Medical Holdings, Inc. (OTCBB:ONMH) announces DataFuzion, Inc., has earned certified status in Microsoft Corp.'s Partner Program recognizing DataFuzion's expertise and total impact in the technology marketplace. As a Certified Partner, DataFuzion has demonstrated expertise with Microsoft technologies and proven ability to meet customer needs. Microsoft Certified...

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
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     OMHI $0.00 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 400
Shares Outstanding -
Market Cap -
Year High 0.005
Year Low 0.0008
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

Business Services Industry Companies

Company Employer Rating
KPMG 3.5
IndustryTop Rated
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