OMT Analytixinsight, Inc.

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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2011/03/c7822.html pBill Bainesbr/ Executive Chairman & Presidentbr/ Phone: (204) 975-0792br/ email: a href="mailto:bbaines@omt.net"bbaines@omt.net/a/p

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