Omni-Lite secures three-year contract
Omni-Lite Industries Canada Inc. OML-TSX VENTURE
February 11, 2005
Omni-Lite Industries Canada Inc. has received a three-year contract from a major Tier 1 aerospace supplier with customers that include original equipment manufacturers (OEMs) such as Boeing, Airbus and Lockheed. This contract establishes a long-term commitment to purchase components currently being manufactured and supplied by Omni-Lite, and a group of new components to be developed in the near future. Over the next three years, the total revenues from this contract will exceed $2.4-million (U.S.).
"This contract will continue the significant growth of Omni-Lite's aerospace division," said Paul A. Burkey, president and chief operating officer. "This contract is a result of reaching the level of preferred status with this customer, a reward obtained by providing high-quality components, service and on-time delivery over the past several years."
Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by companies including Boeing,
Airbus, Bombardier, Alcoa, Daimler-Chrysler, the U.S. Military, Nike, Adidas
and Reebok.
Except for historical information contained herein this document
contains forward-looking statements. These statements contain known and
unknown risks and uncertainties that may cause the company's actual
results or outcomes to be materially different from those anticipated
and discussed herein.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
|