Omni-Lite receives new contracts
Omni-Lite Industries Canada Inc.
August 25, 2005
CERRITOS, CA, Aug. 25 /CNW/ - Omni-Lite is pleased to announce that it has received a letter of intent from an existing customer for the development of components in the automotive division for sale to a significant new end user. The new products would be expected to add approximately US$500,000/year to revenue. Under normal product cycles, the program would continue for 5 to 7 years. The purchase order confirming the first deliveries of these products is expected in approximately 1-2 weeks. The Company is also pleased to announce that it has received three new contracts for the engineering development of three new components for an existing aerospace customer. The development contracts are valued at US$67,000. The Company has also submitted the qualification components for an additional transmission part for an existing customer. Qualification is expected to be received in the fourth quarter of 2005. "We are very pleased that many of our existing customers are choosing to work with the Company on the development of new components," stated Paul Burkey, President and COO. "This support has enabled the Company to grow very quickly and should support additional growth in the years to come."
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.
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