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25 Feb 2009 16:00
25 February 2009
OMG plc
AGM statement
OMG plc, Oxford Metrics Group (LSE: OMG), ('OMG' or 'the Group'), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, will hold its Annual General Meeting at 4pm today.
At the meeting Anthony Simonds-Gooding, Chairman, will make the following statement:
"The Board is pleased to announce that the Group's revenue in the first four months of the current financial year has been comparable with last year at constant exchange rates. Despite the current macro-economic climate the Group's markets have so far proven to be resilient. The Board's current expectation is that the Group will report revenues in the first half of the current financial year similar to the first half of last year before adding the Yotta MVS acquisition."
The Company will provide further information on trading when it announces its results for the six months ending 31 March 2008.
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Contacts:
OMG plc 01865 261800
Nick Bolton, CEO
David Deacon, CFO
Financial Dynamics 020 7831 3113
Juliet Clarke / Emma Appleton
Evolution Securities (NOMAD) 020 7071 4300
Jeremy Ellis
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 Mobile Video Services, Inc. in April 2008 is a leading US provider of data collection services for the assessment of property taxation.
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,
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