OPX Opteum Inc.

Opteum Inc. (NYSE:OPX) (�Opteum� or the �Company�), a real estate investment trust (�REIT�), today announced that it expects to release its second quarter results and to file its second quarter Form 10-Q on Tuesday, August 14, 2007. The Company today also announced that it expects to provide an online Web simulcast of its second quarter 2007 earnings conference call on Tuesday, August 14, 2007. The conference call will begin at 5:30�p.m. E.T. on August 14. An online replay will be available approximately two hours following the conclusion of the live broadcast and will continue for four 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) 240-8926 or (303) 205-0066, confirmation code: 11095359. For further information, please refer to the Company�s filings with the Securities and Exchange Commission. These filings are made available on the Company�s website at www.opteum.com under the �Investor Information� page and can also be accessed at www.sec.gov. The Company intends to file a Form 12b-25 with the Securities and Exchange Commission on or before Friday, August 10, 2007, in respect of its second quarter Form 10-Q. About Opteum Opteum Inc. is a REIT that 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). Its objective is to earn returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows. Statements herein relating to matters that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The reader is cautioned that such forward-looking statements are based on information available at the time and on management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in such forward-looking statements. Important factors that could cause such differences are described in Opteum Inc.'s filings with the Securities and Exchange Commission, including Opteum Inc.'s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Opteum Inc. assumes no obligation to update forward-looking statements to reflect subsequent results, changes in assumptions or changes in other factors affecting forward-looking statements.