OmniMedia Technology, Inc. was established in 1994 to become a major solutions company for compression, decompression and communication of audio and video information in the desktop PC environment. The current family of products is compatible ith the standards of the Moving Picture Experts Group (MPEG). The company's close, strategic relationships with Intel/Digital Equipment Corporation, Analog Devices, IBM, Mitsibishi and iCompression and other industrial leaders have enabled OmniMedia to integrate key chip technologies into their products, thereby increasing performance and functionality while reducing costs. OmniMedia's proprietary graphical user interface (GUI) software provides ease of use and application flexibility when encoding and decoding audio and video data streams and in video mail or videoconferencing applications. The explosive growth in the Multimedia and Internet markets is creating increased demand for MPEG and videoconferencing products.