For Release: February 4, 2008

OMT EXECUTES AGREEMENT TO DEFER DEBT INTEREST PAYMENTS

Winnipeg, MB -- OMT Inc. (TSXV:OMT): Bill Baines, Executive Chairman of OMT Inc. (“OMT”), announced today that the holders of certain of OMT Inc.’s convertible debt have offered and OMT has accepted to allow OMT to defer interests payments on their debt effective January 1, 2008.

Ensis Growth Fund Inc., Ensis Investment Limited Partnership and Renaissance Capital Manitoba Ventures, who together hold $3,000,000 of OMT’s convertible debt, waived the requirement for OMT to make the monthly interest payments, until the earlier of OMT’s cash balance being a minimum of $500,000 or December 20, 2008 (the debt maturity date).  Interest will continue to be paid monthly to the public holders of $995,000 of OMT’s debt.

“As both debt holders and a significant shareholder, we believe it is advantageous to allow OMT to deploy their cash resources to grow their market and execute on the various strategies supported by the Board of Directors,” stated Harold Heide, VP - Investments at Ensis.

“Renaissance is very supportive of OMT.  Funding marketing, customer acquisition and product development are key areas that as holders of both debt and shares we want to support,” said Kevin Hooke, Renaissance Capital.

OMT will accrue the deferred interest on the convertible debt held by Ensis and Renaissance. There are no penalties or changes in terms associated with the interest deferral arrangement.

About OMT
OMT Inc. (TSXV:OMT) is an entertainment technology and content delivery provider to the broadcast and related industries. Intertain Media, the digital entertainment division, and iMediaTouch, the radio broadcast solution group, distribute audio content that is heard by millions of people worldwide every day through television, radio, satellite, cable and Internet broadcasts. To learn more about the Company, its products and services visit its websites at www.omt.net, www.intertainmedia.com, or www.imediatouch.com.

-30-

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

Current News Archived