BMM Bimini Mtg Mgmt Inc.

Opteum Inc. (NYSE:OPX) (formerly Bimini Mortgage Management)(NYSE:BMM), 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 year-end 2005 earnings conference call on Friday, February 24, 2006. The Company will release results for the fourth quarter and year ended December 31, 2005, after the close of market trading on February 23, 2006. The live broadcast of Opteum's conference call will begin at 10:00 a.m. Eastern time on February 24. 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) 289-0726, confirmation code: 5524023. About Opteum Inc. Opteum Inc. operates an integrated investment and mortgage origination platform. The Company's portfolio investments are primarily in, but 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). The Company earns returns on the spread between the yield on its mortgage related assets and its costs, including the interest expense on the funds it borrows. The Company has elected to be taxed as a REIT under the Internal Revenue Code, which means the Company is not required to pay federal income taxes on the REIT taxable earnings which are currently distributed to its shareholders. The Company operates a mortgage origination platform through its taxable REIT subsidiary, Opteum Financial Services which offers a wide array of mortgage products through its 29 retail mortgage origination branches and five wholesale mortgage offices in the United States. Opteum Funding, the subsidiary's correspondent lending channel, purchases closed loans from mortgage bankers nationwide under flow and bulk acquisitions primarily under Alt 'A' credit guidelines. The Company's website is located at www.opteum.com.