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January 18, 2005
For Immediate Release
OMT ANNOUNCES CHANGES TO ITS BOARD INCLUDING
THE ADDITION OF MR. BILL BAINES AS EXECUTIVE
CHAIRMAN
Winnipeg, Manitoba, January 18, 2005 – OMT Inc.
(“OMT”) (TSX Venture: OMT), announced today that
it has made changes to its current Board of
Directors.
Mr. Bill Baines, President of AML Wireless
Networks, joins OMT as the Executive Chairman.
In this position, Mr. Baines will work directly
with the Board and Executive to further develop
and assist in the execution of OMT’s market
growth strategies. In addition, Board Chairman,
Dr. Jack E. Peterson; and Directors’ Mr. Ted
Paley, Mr. Bruce McCormack, Mr. Scott Farr, and
Mr. Kevin Hooke have retired from the Board. Mr.
Mark Ahrens-Townsend, Mr. Stephen Pumple and Mr.
Steven Stang remain as Directors of the
Corporation.
“We extend our great appreciation to the
retiring Board members. Each individual brought
unique strengths to our Board. These changes
are intended to reduce the size of the Board to
increase its effectiveness and add individuals
that bring relevant experience. With our recent
success in accessing significant new investment
to fuel our growth strategies, we welcome the
addition of Bill Baines as an experienced
business leader as our Executive Chairman,”
stated Mr. Scott Farr, President and CEO of OMT
Inc.
Mr. Baines has built and managed successful
technology-based service companies over his 25
years of business experience including his
tenure as President and COO of Manitoba Telecom
Services (MTS) Communications, President and COO
of Norigen Communications Inc. and his
acquisition and successful turn-around of AML
Wireless Networks Inc. in 2002.
Mr. Bill Baines stated, “I agreed to join the
OMT board and work closely with the experienced
management team after I fully investigated the
company, products, market potential, and people.
I am very impressed with what the company has
accomplished in the last few years in
positioning itself for future success and I
believe that I will bring direct growth
experience to the team. Together we are fully
committed to working hard to achieve the results
that the customers, shareholders, and staff are
seeking from the company.”
OMT also announced that it has granted 440,000
incentive stock options (“Options”) to Bill
Baines, each of which entitles Mr. Baines to
purchase one common share of OMT at a price of
$0.10 per common share. The Options were issued
pursuant to the stock option plan of OMT and are
exercisable for a period of five years from
today’s date. The issuance of the Options to Mr.
Baines is subject to the final approval of the
TSX Venture Exchange.
About OMT
OMT Inc. (TSXV:OMT) is an entertainment
technology and content delivery provider to the
broadcast and entertainment 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
FOR FURTHER INFORMATION PLEASE CONTACT:
Scott Farr
Tel: 204.795.0790
Email:
sfarr@omt.net
Marieke Wijtkamp, OMT Chief
Operating Officer
Phone: (204) 975-0792
Email:
mwijtkamp@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.
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