Opteum Incorporated to Broadcast First-Quarter Conference Call Live on the Internet

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.