Acquisition

OMG PLC 28 April 2008 28 April 2008 OMG plc Acquisition of Mobile Video Services, Inc. OMG plc, Oxford Metrics Group (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, is pleased to announce that its 3D mapping division, Yotta, has acquired the trade and assets of Mobile Video Services, Inc. ('MVS'), a leading US provider of data collection services for the assessment of property taxation, for a total consideration of $4.0m (£2.0m). The acquisition accelerates the growth of Yotta's 3D mapping business in North America, fulfilling OMG's strategic objective to expand its operations in this important market place. MVS provides OMG with an instant operational capability and offers field data collection and data processing synergies with its existing operations. Yotta will add its mobile mapping technology to MVS vehicles and enable the new business to quickly enter the highway survey and mapping market while growing data collection services in the property tax assessment market. The acquisition is expected to be earnings enhancing for OMG in the current financial year ending 30 September 2008. MVS' unaudited financial statements for the year ended 31 December 2007 show revenues of $4.2m (£2.1m), profit before tax of $0.84m (£0.42m). Net assets acquired amounted to $0.25m (£0.13m). The deal represents the next important step in the development of the Yotta business. Yotta was founded less than two years ago to exploit core OMG technology in the growing market of 3D mapping. The reach of this technology was further extended in July 2007 with the acquisition of UK-based Data Collection Limited (DCL). This new deal strengthens the business further, by providing Yotta with a foothold from which to expand Yotta's 3D mapping business in North America. MVS, which is based in Kansas City, Missouri, USA, holds a leading position in the market for the collection of data for property appraisal. MVS provides field data collection services in order to capture high resolution geospatially referenced images of properties for property tax administrators, GIS departments and 911 agencies. Employing a total of 42 staff, it operates a fleet of 16 field vehicles across the US, and manages a number of long-term contracts with local government agencies. The acquisition comprises an initial consideration of $2.5m (£1.25m) of which $1.5m (£0.75m) in cash and $1.0m (£0.5m) in OMG shares and a deferred consideration of up to $1.5m (£0.75m) in cash and OMG shares. The initial cash consideration is subject to an adjustment for the closing net assets position. The deferred consideration is subject to MVS meeting minimum revenue targets of over the next two years. Application will be made for 1,045,671 OMG shares, comprising the initial share consideration, to be admitted to AIM, which is expected to become effective on 1 May 2008. Nick Bolton, Chief Executive of OMG plc, said, 'I am very pleased to be making this acquisition. MVS represents an exciting proposition for Yotta by providing a number of important benefits, including a profitable platform for expansion in the US and an opportunity to maximise data collection opportunities, not to mention growing further in its own right. The MVS team is great and their market knowledge is second to none. Bringing these businesses together gives me further confidence in Yotta's growth prospects both in the US and globally.' Contacts OMG plc 01865 261800 Nick Bolton, Chief Executive Peter Wharton, Finance Director Financial Dynamics 020 7831 3113 Juliet Clarke / Matt Dixon Evolution Securities (NOMAD to OMG) 020 7071 4300 Jeremy Ellis Notes to Editors About MVS Mobile Video Services, Inc was founded in 1986. From headquarters in Kansas City, Missouri and field operatives spread across the USA, the Company provides field data collection services capturing high resolution geospatially reference images of properties for property tax administrators, GIS departments and 911 Agencies. Mobile Video Services, Inc., specializes in field data verification, address matching, and imaging. Using electronic maps and orthophotos, we collect the x-y coordinate for each structure, verify its site address and, optionally, the unit addresses within, and take a street-view image to confirm. Mobile Video's customer base spans an array of both county and city departments, including Tax Assessor/Appraiser, Zoning/Planning, and GIS Mapping. Our services also help to meet the specific needs of various public safety departments, such as Fire, Law Enforcement, EMS, and Emergency Management. In essence, groups and organizations which benefit from having immediate access to geo-coded images and data for all properties in a jurisdiction find that Mobile Video can provide thorough, cost-effective, and user friendly solutions and applications for the workplace. About OMG OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing image understanding products and services for the entertainment, defence, life science and engineering industries. Be it for capturing the movements of actors (for the movie industry), sportsmen (for video games or improving team performance), children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries) or virtual reality displays (for engineering and development), the Group has the world leading market position and a strong international reputation for precision instruments. Founded in 1984, the Group's headquarters are in Oxford, UK, and it has offices in California and Colorado, USA. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through three operating subsidiaries - Vicon, the world's biggest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for entertainment and defence applications and Yotta, our 3D mapping business, which collects and analyses highway data and street level imaging and which, following the acquisition of DCL in July 2007, offers the most accurate and complete highway survey available. Oxford Metrics' global clients in science, medicine, sport, engineering, gaming, film, broadcast and 3D mapping include major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre and Loughborough University, engineering industry leaders including Ford Motor Company, BMW, Airbus and Toyota, and in the entertainment sector, Sony, Industrial Light and Magic, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA, Square Enix and in 3D mapping and highway surveys: Mouchel Parkman, Atkins, and Oxfordshire, Cumbria, Derbyshire and Pembrokeshire County Councils as well as many others. For more information about OMG and its subsidiaries, visit www.omg3d.com, www.vicon.com, www.2d3.com or www.yotta.tv This information is provided by RNS The company news service from the London Stock Exchange
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