OMT Reports Annual Results for 2008

Market Wire, April, 2009

OMT Inc. (TSX VENTURE: OMT) announced today the Company's consolidated results for the year ended December 31, 2008.

2008 Highlights:

- OMT Inc. and its debt holders have agreed to extend the current debt facilities from July 15, 2009 to July 15, 2011. In parallel, OMT has negotiated a further extension of the interest deferral arrangement, representing $3,000,000 of its total debt until as late as July 15, 2011.

- While year on year total sales dropped slightly (2.2%), gross profit was 2.7% higher with both EBITDA and net loss improved significantly by approximately 86% and 32% respectively.

- The Company's iMediaTouch radio broadcast automation solutions continue to be employed in well recognized ownership groups such as Saga Communications, Mid-West Family Broadcasting station clusters, an initial radio group deployment in India and others.

- OMT announced new product enhancements such as WebSecure and a new product architecture for mass storage and playback of content, with successful initial deployments.

Description of Business

OMT Inc. (TSX VENTURE: OMT) is a digital media content and technology solution provider to radio broadcasters and retailers with two business units, OMT Technologies Inc. and Intertain Media Inc. The OMT Technologies division delivers radio automation systems to radio stations internationally and the Intertain Media digital entertainment division, offers commercial music, messaging and digital signage services to major retailers. OMT's broadcasting, multi-media technology, and content are heard daily by over 50 million people worldwide through radio, satellite, television and Internet delivered broadcasts. To learn more about the Company, its products and services, visit its website at www.omt.net .

Management's Discussion and Analysis

Certain statements made in the following Management's Discussion and Analysis contain forward-looking statements including, but not limited to, statements concerning possible or assumed future results of operations of the Company. Forward-looking statements represent the Company's intentions, plans, expectations and beliefs, and are not guarantees of future performance. Such forward-looking statements represent our current views based on information as at the date of this report. They involve risks, uncertainties and assumptions and the Company's actual results could differ, which in some cases may be material, from those anticipated in these forward-looking statements. Unless otherwise required by applicable securities law, we disclaim any intention or obligation to publicly update or revise this information, whether as a result of new information, future events or otherwise. The Company cautions investors not to place undue reliance upon forward-looking statements.

Results of Operations

This review contains Management's discussion of the Company's operational results and financial condition, and should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2008 and the associated notes, which were prepared in accordance with Canadian generally accepted accounting principles (GAAP). All amounts are in Canadian dollars unless otherwise indicated.

The audited consolidated financial statements provide a comparison of the year ended December 31, 2008 to the years ended December 31, 2007 and 2006.

Annual Review (numbers shown in '000s)
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                                        December 31 December 31 December 31
                                               2008        2007        2006
                                       -------------------------------------
Sales                                        $3,148      $3,220      $3,038
Gross profit                                 $1,983      $1,934      $2,024
Gross profit %                                 63.0%       60.1%       66.6%
Operating expenses                           $2,014      $2,162      $2,351
EBITDA                                         ($31)      ($228)      ($322)
Other expenses                                 $601        $703        $794
Net loss                                      ($632)      ($931)    ($1,116)
Net loss per share (basic & diluted)        ($0.022)    ($0.032)    ($0.039)
Discontinued operations - gross profit            -        $178        $468
Discontinued operations - gain on
 disposal                                         -        $181           -
Dividends declared                              Nil         Nil         Nil

Total assets                                   $583        $519      $1,357
Total long-term liabilities                  $4,072      $3,571      $3,476
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Results for the years ended December 31, 2008, 2007 and 2006 reflect the total business of the OMT Technologies and the Intertain Media divisions. Sales and cost of sales for Intertain's discontinued Retail Preview System (RPS), which was sold in May 2007 have been eliminated and are shown separately as gross profit and gain on disposal. Expenses of the discontinued operation have not been segregated and remain in the normal operating expenses. OMT Technologies (iMT) includes our iMediaTouch radio automation and related products. Intertain Media now includes our commercial background music, messaging and digital signage services.