SALT LAKE CITY--(BUSINESS WIRE)--May 24, 2006--Paradigm Medical Industries, Inc. (OTCBB: PMED.OB/PMEDW.OB) today reported a marked improvement in its first quarter 2006 results. The Company reported an operating loss of $(212,000) for the quarter ended March 31, 2006. This compares with an operating loss of $(334,000) in the year-ago period.