OmniComm Systems, Inc. Announces Strong Growth For 2005 Company Sets New Annual Revenue Record With 60% Growth; Signed Contracts Increase to $4.1 Million in 2005 – a 178% Increase

Ft. Lauderdale, Florida – January 9, 2006 - /MarketWire/ - OmniComm Systems, Inc. (OTC Bulletin Board: OMCM - News), one of the fastest growing companies in the EDC  (Electronic Data Capture) marketplace, today announced a 60% increase in revenues for fiscal 2005. The Company also reported new contracts of $4.1 million signed during 2005 compared with new contracts signed in 2004 of $1.45 million, an increase of approximately 178%.   

“We ended 2005 with strong momentum.  We are proud of our results and expect 2005 to be a launching point for accelerated growth during 2006,” said Rusty Beardsley, OmniComm’s Executive Vice President of Commercial Development.  “We met our goal of adding 12 new EDC clients and, perhaps more importantly, continued to provide high quality service and technology to our existing long-term relationships.  Two business development people were added, one in New Jersey and one in Boston, and we have already started to add people in 2006. We believe the growth in our business is attributable to the combination of our commitment to providing the best EDC experience possible for our clients and the state of the art technology included in TrialMaster”.

“During 2005, we continued to build the infrastructure necessary to become a leader in the EDC market,” said Randy Smith, CTO and founder of OmniComm.  “We made several key enhancements to our core TrialMaster product and added several talented software programmers.  We are poised for significant growth and are confident that a solid foundation is in place to service the new business”.

“We are pleased with the progress made during the last 12 months.  We scaled our operation to service our increased sales successfully and were able to maintain high levels of customer service.  Our gross margins improved.  We strongly believe that TrialMaster ’s flexibility and our emphasis on customer service will make us an EDC industry leader,” said Cornelis Wit, President and CEO of OmniComm.  “We are pleased with our operating results for 2005 and our strongly improved order position going into 2006.  

About OmniComm Systems, Inc.

OmniComm Systems, Inc. is one of the fastest growing companies in the EDC market place targeting its product TrialMaster to the pharmaceutical, medical device and biotechnology companies as well as CRO’s.  OmniComm’s growing base of satisfied customers is a direct result of OmniComm’s employee’s commitment to on-time, quality and within budget performance. 

The TrialMaster system, the core product of OmniComm, provides trial sponsors with a 21 CRF Part 11 compliant Internet-based data and trial management solution that greatly increases the efficiency, security and integrity of clinical research data and thus significantly reduces the time and expense involved in conducting clinical studies.

Safe Harbor Disclaimer

Statements about OmniComm’s future expectations, including without limitation, future revenues and earnings, plans and objectives for the future operations, future agreements, future economic performance, operations and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. OmniComm intends that such forward-looking statements be subject to the Safe Harbors created thereby. Since these statements involve risks and uncertainties, including but not limited to economic competitive, governmental, contractual and technological factors affecting OmniComm’s operations, markets and profitability, actual results could differ materially and adversely from the expected results.

Back