Consumer Direct of America Signs Letter of Intent With OMDA Oil & Gas, Inc.

Houston--(BUSINESS WIRE)—February 22, 2006

OMDA Oil and Gas, Inc. (OTC: OMOG) announced today that it has signed a non-binding Letter of Intent with Consumer Direct of America (OTC BB: CSUA) to sell its interest in a 1,116 Acre Fredericksburg Prospect located in Panola County, TX. Under this agreement, CSUA would acquire up to 90% of OMDA's 75% Working Interest (which translates into 56.25% of the net revenue interest) of the Panola Field Prospect. CSUA will pay OMDA Oil & Gas, Inc. one hundred and fifty thousand dollars ($150,000) in cash and the equivalent of three hundred thousand dollars ($300,000) of registered common stock for this interest. Both parties expect the agreement to be finalized promptly.

More information concerning the Panola County Lease can be found at http://www.omogoil.com/projects.html

Adam Barnett, Chairman, stated, "OMDA Oil and Gas is pleased to be entering into this agreement with Consumer Direct. I am impressed with the way that CSUA was able to grow their Shearson loan division over the last few years, as well as their recent 16 million dollar merger with Paragon Financial Corporation." Barnett further stated, "I fully believe that these types of ventures, as well as future strategic alliances with companies like CSUA, which have shown past accomplishments and successes, will prove truly beneficial to OMDA and its shareholders."

Chairman & CEO Michael A. Barron said, "We are extremely excited to be entering into this agreement with OMDA Oil and Gas, Inc. Consumer Direct of America Inc. is dedicated to becoming an asset-driven holding company in the oil and gas sectors, and we look forward to a long and profitable relationship with OMOG and its shareholders."

OMDA Oil and Gas, Inc. would also like to make a correction to its February 16th, 2006 press release. In this press release, the company stated, "OMDA currently owns a 100% working interest in this 1,116-acre horizontal play in Panola County, TX." It should be noted that OMDA currently owns a 75% Working Interest (which translates into a 56.25% of the net revenue interest) of the Panola Field Prospect in Panola County, Texas.

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. Currently, the Company owns average participation interests approaching 47%, in 355 producing and non-producing oil and gas wells in Louisiana and Texas, as well as well as a 75% working interest in an 1,116 acre, horizontal play in the Panola Field, Panola County, Texas. Current acreage interests include a Carried back-in working interest of at least 7.5% up to 37.5% in a 12 well work over play in the Concorde Dome Field in Andersen County, TX, and is currently partnered up with Young Oil Corp., the largest Oil and Gas producer in Tennessee on 46,000 acres in North Central Tennessee, with an initial 20% interest in a six well program and a first right of refusal on any other prospects on the Young leases.

About Consumer Direct of America

Consumer Direct of America is a publicly traded company (OTC BB: CSUA). The company spent the past few years acquiring and growing its wholly owned subsidiary, Shearson Home Loans, Inc. CSUA successfully grew this division to employ over 300 people, 250 of whom are residential mortgage real estate brokerage professionals who closed loan volume of over $1 billion for the year ended December 31, 2004. This entity was recently acquired by Paragon Financial Corporation in a transaction valued at $16 million.

This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact:      
OMDA Oil and Gas, Inc.
Investor Relations, 800-621-0113
IR@omogoil.com
www.omogoil.com