OMT Analytixinsight, Inc.

OMT Inc. ("OMT") (TSX VENTURE: OMT) announced today that it has closed its previously announced non-brokered private placement offering of subscription receipts ("Subscription Receipts") and that it has issued 15 million Subscription Receipts, at a price per $0.05 per Subscription Receipt, for aggregate gross proceeds of $750,000.

OMT has not yet completed its previously announced consolidation of its outstanding common shares ("Shares") on a nine-for-one (9:1) basis (the "Share Consolidation"), which is subject to shareholder approval.

Each Subscription Receipt entitles the holder thereof to receive, upon the satisfaction of certain escrow release conditions, one unit (a "Unit") comprised of: (i) one Share on a post Share Consolidation basis; and (ii) one (1) Share purchase warrant (a "Warrant"), each Warrant entitling the holder thereof to purchase one (1) Share on a post-Share Consolidation basis at a price of $0.10 per Share (approximately $0.01 pre-consolidated). The offering has been fully subscribed, with The Emprise Special Opportunities Fund, Limited Partnership ("Emprise LP") subscribing for 12.1 million of the Subscription Receipts, and the remainder purchased by various individuals.

As a result of Emprise LP's subscription, and subject to necessary regulatory and shareholder approvals to the conversion of the Subscription Receipts, upon conversion it will have ownership and direction or control over 12,100,000 post consolidated common Shares of OMT, representing 66.43% of the issued and outstanding common Shares of OMT (or 24,200,000 post consolidated common Shares and 72.86%, assuming exercise of all share purchase Warrants). Neither OMT nor, to the knowledge of OMT after reasonable inquiry, Emprise LP has knowledge of any material information concerning OMT or its securities which has not been generally disclosed.

OMT has been advised that the securities are being purchased by Emprise LP for investment purposes. In addition to the subscription in the private placement, OMT has been advised that securities of OMT may be acquired or disposed of, by Emprise LP, through the market or otherwise, as circumstances or market conditions warrant.

The proceeds of the financing will be held in escrow and released upon the satisfaction of certain previously announced conditions including the Share Consolidation noted above, shareholder approval of the resulting change of control and the acceptable restructuring of the current debt. A shareholder meeting is expected to be held in June, 2011. Upon meeting the required conditions, the Subscription Receipts shall be automatically exercised and converted into Units.

The private placement of Subscription Receipts and the issuance of Units to Emprise LP upon the exchange of Subscription Receipts are subject to the approval of the TSX Venture Exchange (the "TSXV"). The Subscription Receipts (and any Shares and Warrants issued pursuant to the exchange of Subscription Receipts) will be subject to a four-month hold period from the date of the issuance of the Subscription Receipts.

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 not reviewed or approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

Contacts: OMT Inc. Bill Baines Executive Chairman and President CEO (204) 975-0792 bbaines@omt.net