OPX Opteum Inc.

Opteum Incorporated (NYSE:OPX), a real estate investment trust (REIT) that invests in residential mortgage-related securities and originates loans through its taxable REIT subsidiary, Opteum Financial Services, today announced that it will provide an online Web simulcast of its first-quarter 2006 earnings conference call on Tuesday, May 9, 2006. The Company will release results for the first quarter ended March 31, 2006, after the close of market trading on May 8, 2006. The live broadcast of Opteum's conference call will begin at 9:00 a.m. Eastern time on May 9. An online replay will be available approximately two hours following the conclusion of the live broadcast and will continue for 10 days. A link to these events will be available at the Company's website www.opteum.com. Those persons without Internet access may listen to the live call by dialing 800-946-0719, confirmation code: 6745227. About Opteum Incorporated Opteum is a real estate investment trust (REIT), which operates an integrated mortgage-related investment portfolio and a mortgage origination platform. The REIT invests primarily in, but is not limited to, residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae). It earns returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows. Opteum's mortgage origination platform, Opteum Financial Services, originates, buys, sells, and services residential mortgages from 35 offices throughout the United States and operates as a taxable REIT subsidiary.