OmniBus Achieves Record Profitability and Cash Flow in 2008

DENVER — February 17, 2009 — OmniBus Systems, the award-winning provider of comprehensive broadcast automation, content management and workflow solutions, has announced that 2008 has been a highly successful year, with the company achieving significant annual revenue growth and setting 20-year profitability and cash flow records. Product revenue for the iTX software suite alone grew by more than 85 percent in 2008.

"This ongoing success has been achieved through a focus on innovation, user satisfaction and building the right products for our customers," said Mike Oldham, OmniBus Systems CEO. "The adoption of iTX by customers to deliver more than 500 channels in the multichannel broadcast playout, IPTV and mobile TV segments contributed a large percentage of our growth, profitability and cash flow in 2008. As we expand the percentage of our revenue that comes from scalable software solutions, we also increase our margins. As general economic conditions have worsened, the cost-saving merits of iTX have become even more apparent to broadcasters and media organizations looking to replace ageing infrastructure for channel playout or to launch cutting-edge new services."

OmniBus iTX is the next-generation, software-based solution that makes the complex and expensive conventional broadcast equipment used for automation, master control and playout obsolete. iTX combines and exceeds all the functions of a conventional transmission chain, replacing it with a single, integrated suite of software applications that perform all the functions of video server, master control, DVE, aspect ratio converter, graphics and audio devices running on low-cost and highly reliable IT servers. With support for SD and HD, iTX significantly reduces the investment required to launch and operate high-quality channels in broadcast, IPTV, mobile TV, disaster recovery and business continuity applications.

"But iTX is not the only product area where we enjoyed success," Oldham continued. "Other notable OmniBus milestones in 2008 include the completion of the NRK Programme Bank — one of the most advanced asset management systems in the world, powered by OmniBus OPUS; the release of significant new features in Colossus 3.5 and the growth of a number of our Colossus multi-channel automation and content management customer sites; and expansion of our presence in the Asia Pacific region, with the opening of a regional sales office in Kuala Lumpur to meet the very strong Asian demand for OmniBus products."

"2008 was a great year for OmniBus but we are not resting on our laurels," said Oldham. "We are continuing to invest heavily to expand and develop our product range and services to meet the needs of our marquee clients. We see a very promising future in delivering IT-based solutions to our market. Our customers have asked for products that give a faster return on investment and lower operating costs and we are leading the industry in delivering products that do exactly that."

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About OmniBus Systems
OmniBus Systems provides broadcasting, cable and satellite organizations with comprehensive automation and media content management solutions that address every area of television-related operations. Its newsroom, content and workflow automation solutions include acquisition and recording of rich media material, low-resolution editing, media asset management and playout. OmniBus is a global company with headquarters in the United Kingdom and offices in the United States and Singapore. More information is available at www.omnibus.tv.