OMT ANNOUNCES STRATEGIC REVIEW

WINNIPEG, Feb. 3 /CNW/ -- 
WINNIPEG, Feb. 3 /CNW/ - OMT Inc. ("OMT") (TSX Venture: OMT) announces
 that it has undertaken a review of its strategic alternatives and is
 currently in discussions with an interested party regarding the
 potential acquisition of OMT Technologies, Inc., a wholly-owned
 subsidiary of OMT comprising substantially all of the assets of the
 company. At this time, there is no legal obligation on OMT or the
 interested party to complete a transaction. Any transaction will be
 subject to the parties entering into a definitive agreement and the
 satisfaction of a number of conditions, including due diligence and
 receipt of applicable approvals.


OMT has considered a number of strategic alternatives during its
 strategic review process and at this time has concluded that there is
 no strategic alternative currently available to it that would result in
 net proceeds in excess of its debt obligations.


OMT also announced today the resignation of Harold Heide as a director
 of OMT. Mr. Heide has acted as the representative for GrowthWorks
 Canadian Fund Ltd. on OMT's Board of Directors.


About OMT
OMT Inc. (OMT) is a technology solutions provider to the broadcast and
 media industries across North America and Internationally. iMediaTouch
 is OMT's flagship product suite of audio content management and digital
 delivery software for commercial and non-commercial broadcast radio
 applications. OMT's iMediaTouch Radio Automation software and radio's
 #1 selling digital logger, iMediaLogger, are installed worldwide in
 individual stations, station groups and some of the largest broadcast
 and audio delivery services to distribute audio content heard by
 millions of people worldwide through television, radio, satellite,
 cable and internet broadcasts. To learn more about our Company,
 products and services, visit at www.omt.net.



The TSX Venture Exchange has neither approved nor disapproved the
 contents of this press release.


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pBill Bainesbr/ Executive Chairman & Presidentbr/ Phone: [phone]br/ email: a href="mailto:[e-mail]"[e-mail]/a/p

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