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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Hn+RTDGDxvIX0E+NpW59N/p0zSTcg+XKVGPBR620uqX/mohcwwrz77zhZgTxcJJR
 CsOPVtRPBYXTjaH+Luh5xA==

<SEC-DOCUMENT>0000911420-05-000100.txt : 20050218
<SEC-HEADER>0000911420-05-000100.hdr.sgml : 20050218
<ACCEPTANCE-DATETIME>20050218145915
ACCESSION NUMBER:		0000911420-05-000100
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050216
FILED AS OF DATE:		20050218
DATE AS OF CHANGE:		20050218

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OMNICOMM SYSTEMS INC
		CENTRAL INDEX KEY:			0001034592
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				113349762
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2555 DAVIE ROAD
		STREET 2:		SUITE 110-B
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33317
		BUSINESS PHONE:		954-473-1254

	MAIL ADDRESS:	
		STREET 1:		2555 DAVIE ROAD
		STREET 2:		SUITE 110-B
		CITY:			DAVIE
		STATE:			FL
		ZIP:			33317

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CORAL DEVELOPMENT CORP
		DATE OF NAME CHANGE:	19970225

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FALK MICHAEL
		CENTRAL INDEX KEY:			0001014026

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25203
		FILM NUMBER:		05627150

	MAIL ADDRESS:	
		STREET 1:		830 THIRD AVENUE
		STREET 2:		4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COMVEST VENTURE PARTNERS LP
		CENTRAL INDEX KEY:			0001163944
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25203
		FILM NUMBER:		05627151

	MAIL ADDRESS:	
		STREET 1:		830 THIRD AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p1028739_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2005-02-16</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001034592</issuerCik>
        <issuerName>OMNICOMM SYSTEMS INC</issuerName>
        <issuerTradingSymbol>OMCM.OB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001163944</rptOwnerCik>
            <rptOwnerName>COMVEST VENTURE PARTNERS LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>830 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>8TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001014026</rptOwnerCik>
            <rptOwnerName>FALK MICHAEL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>830 THIRD AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>8TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2005-02-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>800000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.19</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4817120</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On the date hereof, the Reporting Person has a direct beneficial ownership interest in 3,904,000 shares of Common Stock,
consisting of: (a) 11,300 shares of Series B Preferred Stock (convertible into 452,000 shares of Common Stock); and (b)
Warrants to purchase 3,452,000 shares of Common Stock.</footnote>
        <footnote id="F2">On the date hereof, ComVest Management, LLC (&quot;ComVest Management&quot;) has an indirect beneficial ownership interest in 3,904,000
shares of Common Stock, which are directly beneficially owned by the Reporting Person, which ComVest Management may be
deemed to beneficially own by virtue of the fact that it is the general partner of the Reporting Person, consisting of: (a)
11,300 shares of Series B Preferred Stock (convertible into 452,000 shares of Common Stock); and (b) Warrants to purchase
3,452,000 shares of Common Stock.</footnote>
        <footnote id="F3">On the date hereof, Commonwealth Associates Group Holdings, LLC (&quot;CAGH&quot;) has an indirect beneficial ownership interest in
3,904,000 shares of Common Stock, which are directly beneficially owned by the Reporting Person, which CAGH may be deemed to
beneficially own by virtue of the fact that it is the sole member of ComVest Management, general partner of the Reporting
Person, consisting of: (a) 11,300 shares of Series B Preferred Stock (convertible into 452,000 shares of Common Stock); and
(b) Warrants to purchase 3,452,000 shares of Common Stock.</footnote>
        <footnote id="F4">On the date hereof, Michael Falk (&quot;Falk&quot;) has (i) an indirect beneficial ownership interest in 3,904,000 shares of Common
Stock, which are directly beneficially owned by the Reporting Person, which Falk may be deemed to beneficially own by virtue
of the fact that he is the Chairman and principal member of CAGH; (ii) a direct beneficial ownership interest in 251,200
shares of Common Stock; and (iii) an indirect beneficial ownership interest in 661,920 shares of Common Stock, which are
directly beneficially owned by Commonwealth Associates Liquidation, LLC (&quot;CAL&quot;), which Falk may be deemed to beneficially
own by virtue of the fact that Falk is the principal stockholder of Commonwealth Associates Management Company, Inc. (the
managing member of CAL), each beneficial ownership interest consisting of Common Stock, Series B Preferred Stock convertible
into Common Stock and Warrants to purchase Common Stock.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Michael S. Falk, ComVest Venture Partners, L.P., By: ComVest Management LLC</signatureName>
        <signatureDate>2005-02-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Michael S. Falk</signatureName>
        <signatureDate>2005-02-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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