Omni-Lite receives new orders valued at $450,000
Omni-Lite Industries Canada Inc.
July 28, 2006
Omni-Lite Industries Canada Inc. has received three new orders in the automotive division. These orders, for components used in the specialty automotive market, have a value of approximately $185,000. In addition, the company has received four new orders in the sports and recreation division worth approximately $265,000. The total value of these new orders is approximately $450,000. These orders are to be delivered in the third quarter and fourth quarter of 2006.
As part of the "Vision 2010" plan to improve operating efficiencies and shorten customer deliveries while reducing manufacturing costs, the company has purchased an automated electrical discharge machining system (EDM) for the production of complex dies and other tooling. "This new $200,000 system will allow Omni-Lite to produce many of the complex components used in the manufacturing process," stated Paul A. Burkey, president and chief operating officer. "By eliminating the long lead times associated with the third party delivery of these specialized components, customer deliveries will be markedly improved. Many of these third party lead times have grown to eight to 12 weeks. With this new system Omni-Lite can now complete these tasks in hours."
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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