09:21 EDT Wednesday, May 14, 2003

WINNIPEG, MANITOBA--

- Sales of $2.36 million establishes new record

- Net Income of $247,000 sets record performance

OMT Inc. (TSX Venture: OMT) is pleased to announce its financial results for the period ended March 31, 2003.

"Revenues of $2.36 million and a Net Income of $247,000 for the first quarter ended March 31, 2003 established a new record for OMT" said Scott Farr, OMT President and Chief Executive Officer. "This is a significant achievement for the company and is a direct result of our technology vision and strategic marketing initiatives," commented Mr. Farr.

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FINANCIAL SNAPSHOT                             3 Months         3 Months
                                         ended 03/31/03   ended 03/31/02
Sales                                  $      2,360,000        1,762,000
Gross Profit Margin (% of sales)       %           42.4             42.2
Income before the undernoted in
 the financial statements              $        380,000          192,000
Net Income                             $        247,000           47,000
Earnings per share                     $            .02             .004
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Analysis of the 2003 First Quarter Results

Sales for the three months ended March 31, 2003 were $2,360,000, a record level for the company. This compares to total sales of $1,762,000 for the three months ended March 31, 2002.

Gross profit margin was 42.4% of sales for the three months ended March 31, 2003 as compared to 42.2% of sales for the three months ended March 31, 2002

Selling and administrative expenses were $539,000 for the three months ended March 31, 2003, as compared to $510,000 for the three months ended March 31, 2002. Current period expenses reflect additional investment in human resources to support growth plans.

Income before the undernoted in the unaudited financial statements of $380,000 for the three months ended March 31, 2003 is up significantly from $192,000 recorded for the three months ended March 31, 2002.

Amortization expense of $55,000 and cash interest expense of $14,000 were recorded for the three months ended March 31, 2003. Non-cash interest expense and accrued dividends on the Preferred shares totalling $64,000, are recorded on the Balance Sheet as an increase in Preferred shares.

After the above mentioned, the net income for the three months ended March 31, 2003 was $247,000 establishing a company record level, as compared to a net income of $47,000 for the three months ended March 31, 2002.

OMT had working capital of $577,000, a current ratio of 1.4:1, cash of $268,000 and borrowings of $598,000 against its operating credit of $950,000 at March 31, 2003. This represents an increase of $283,000 in working capital since December 31, 2002.

OMT was out of compliance with its financial covenants with Scotia Bank and Business Development Bank of Canada at December 31, 2002. Non-compliance was waived and OMT was back in compliance with its covenants at March 31, 2003.

The company has made lease payments for equipment amounting to $1,904 plus taxes to Capron Group Inc. (Ron Paley, an employee of the Company) for the three months ended March 31, 2003. There were no new related party lease financings during the period. These operating leases are on normal commercial terms.

Outlook

OMT continues to expand its management team through the additions of Ms. Janice Miles, FCA, BA, BComm (Honours) as Chief Financial Officer and Mr. Harold Hermann, P. Eng as Director of Business Development. Ms. Miles brings considerable financial management experience to the organization and will provide a significant contribution to our business planning and strategy. Mr. Hermann brings many years of sales, marketing and business development experience and will provide leadership in our market expansion objectives.

The outlook for the next quarter and the second half of 2003 is quite favorable based on the completion of the Music Choice contract and continued growth for the iMediaTouch radio broadcast software suite from new strategic marketing and sales initiatives.

The Annual General Meeting of the shareholders of OMT Inc. will be held at the Hotel Fort Garry, 222 Broadway Ave, Winnipeg, Manitoba on Tuesday, May 20, 2003 at 3:00PM.

About OMT

OMT Inc. (TSX Venture: OMT), through its subsidiary, OMT Technologies Inc., is an innovative leader in providing technology and solutions to the media and broadcast industry. OMT's broadcasting and multi-media technology 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 our web site at www.omttechnologies.com .

FOR FURTHER INFORMATION PLEASE CONTACT: OMT Inc., Dr. Jack Peterson, Ph.D., Chairman, (204) 292-1100, jpeterson@omt.net, or, OMT Inc., Scott Farr, President and CEO, (204) 975-0790, sfarr@omt.net, The TSX Venture Exchange has neither approved nor disapproved, the contents of this press release.

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