RE: I found it and traduce from SedarOMT ANNOUNCES STRATEGIC REVIEW
WINNIPEG, Feb. 3/CNW/ - OMT Inc. ("OMT") (TSX Venture: OMT) announcesthat it has undertaken a review of its strategic alternatives and iscurrently in discussions with an interested party regarding thepotential acquisition of OMT Technologies, Inc., a wholly-ownedsubsidiary of OMT comprising substantially all of the assets of thecompany. At this time, there is no legal obligation on OMT or theinterested party to complete a transaction. Any transaction will besubject to the parties entering into a definitive agreement and thesatisfaction of a number of conditions, including due diligence andreceipt of applicable approvals.
OMT has considered a number of strategic alternatives during itsstrategic review process and at this time has concluded that there isno strategic alternative currently available to it that would result innet proceeds in excess of its debt obligations.
OMT also announced today the resignation of HaroldHeide as a directorof OMT. Mr. Heide has acted as therepresentative for GrowthWorksCanadian Fund Ltd. on OMT's Board of Directors.
https://www.newswire.ca/en/releases/archive/February2011/03/c7822.html