OMT Inc.
TSX VENTURE : OMT

OMT Inc.

April 28, 2009 17:54 ET

OMT Executes Agreement to Extend Maturity Date of Long Term Debt

WINNIPEG, MANITOBA--(Marketwire - April 28, 2009) - OMT Inc. ("OMT") (TSX VENTURE:OMT) announced today that the maturity date relating to $3,995,000 of convertible debt has been extended from July 15, 2009 to July 15, 2011.

OMT has entered into an agreement with each of GrowthWorks Canadian Fund Ltd., ENSIS Investment Limited Partnership and Renaissance Capital Manitoba Ventures Fund Limited Partnership (collectively, the "Lenders") amending the original loan agreement dated December 20, 2004, and previously extended to July 15, 2009, to further extend the maturity date for the convertible loans in the aggregate amount of $3,000,000 to July 15, 2011.

In addition, OMT has also received the approval of the debenture holders and entered into a supplemental indenture with CIBC Mellon Trust Company, the indenture trustee under the trust indenture dated December 20, 2004 relating to OMT's 4 Year 8% Subordinated Convertible Redeemable Debentures in the aggregate principal amount of $995,000, amending the trust indenture to extend the maturity date for the convertible debentures to July 15, 2011.

"We are very pleased with the continued support OMT has received in proactively managing our debt facility. It is been particularly rewarding that OMT and the holders of our debt have agreed to this extension well in advance of the current maturity date debt, allowing us to focus our efforts on our 2009 market strategies and client activities", stated Bill Baines, President & CEO.

About OMT

OMT Inc. (OMT) is a technology solutions and content provider to the broadcast, entertainment and retail industries across North America and Internationally. iMediaTouch is OMT's radio broadcast solution used by our clients to distribute audio content heard by millions of people worldwide through television, radio, satellite, cable and internet broadcasts. OMT's Intertain division enables retail and commercial clients with background music, in-store messaging, on-hold features and digital signage solutions to enhance the overall shopping experience. To learn more about our Company, products and services, visit www.omt.net.

The TSX Venture Exchange has not reviewed or approved the contents of this press release.

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