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Technology Stocks : Omni Multimedia Group OMG-AMEX

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To: Paul Lee who wrote (71)3/19/1997 9:55:00 AM
From: Paul Lee   of 86
 
One eye opens:

MILLBURY, Mass.--(BUSINESS WIRE)--March 19, 1997--OMNI MULTIMEDIA
GROUP, INC. (AMEX: OMG) announced today that the Company has made
its first two shipments of CD-ROMs under a recently awarded United
States Government contract.
The contract runs for one year, January to December of 1997, with
an option of four additional years. The Company will be supplying
the CD-ROMs and packaging for the U.S. Patent and Trade Office.
This agreement is based on a Government Printing Office (GPO)
estimate of $751,000 for the first year.
OMNI MULTIMEDIA GROUP, INC. has solicited additional contracts
and is optimistic concerning future awards.
OMNI MULTIMEDIA GROUP, INC. offers the software market complete
turnkey software manufacturing and distribution through its
wholly-owned subsidiaries, OMNI Resources Corporation-East, Midwest
and West, located in Massachusetts, Minnesota and California. These
subsidiaries with 410,000 square feet of high quality manufacturing
and warehouse space provide CD-ROM mastering and replication with six
color screen and offset CD printing. The OMNI Resources Companies
also provide disk duplication, four color in-house documentation
printing, packaging, assembly and fulfillment. OMNI's 4CDs
subsidiary provides a retail and wholesale outlet for software
developers through the 4CDs Multimedia Internet catalog and a growing
capability in Electronic Channel Services (ECS) including CD
encryption and electronic software distribution. Together, the OMNI
Companies offer the software industry vertically integrated software
manufacturing, fulfillment and distribution with retail and wholesale
capabilities.
All anticipations and expectations contained herein are
forward-looking statements that involve uncertainty and risk. Actual
results could differ materially from those projected in such
forward-looking statements.
CONTACT:
PAUL F. JOHNSON, PRES. (508) 865-4451
ROBERT E. LEE, EXEC-VP, CFO (508) 865-4451
ADRIAN MADONIA, PR (908) 788-9660
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