Omni-Lite Industries Canada Inc. had record revenue and net income in the first nine months of 2007. In this period, revenue rose 22 per cent, and net income increased by 36 per cent, compared with 2006.

For the nine months ended Sept. 30, 2007, Omni-Lite Industries Canada had record revenue of $5,083,768 (U.S.) ($5,047,673 (Canadian)), a 22-per-cent increase over the corresponding period in 2006. Sales in the military division represented 39 per cent of revenue in the nine months. The aerospace division represented 27 per cent of the revenue. The sports and recreation division contributed 18 per cent to revenue. The automotive division brought in 12 per cent of revenue. The remaining 4 per cent of revenues are from the commercial division. The tables summarize the results for the three months and nine months ended Sept. 30, 2007.

"The fiscal performance of the first three quarters puts the company on track to reach its 2007 goals. We are pleased that the gross margin exceeded 70 per cent and the net margin exceeded 30 per cent. These metrics illustrate the leverage possible in the company's business model," stated David F. Grant, chairman of the board and chief executive officer. "As the vision 2010 strategy continues to provide new equipment and trained staff, increased shareholder value should be created. The company's growth in the military and aerospace markets follow the strategy adopted in early part of 2006. The extensive research and development actively under way at the company should provide further growth in the years to come."

                 2007 FINANCIAL HIGHLIGHTS
                      (in U.S. dollars)

                     For the nine      For the nine            %
                     months ended      months ended     increase
                   Sept. 30, 2007    Sept. 30, 2006    (decrease)    

Revenue                $5,083,768        $4,168,552           22%
Cash flow from 
operations (1)         $1,777,067        $1,656,382            7%
Net income             $1,566,297        $1,151,434           36%
EBITDA                 $2,434,139         1,609,697           51%
EPS                        $0.141            $0.109           29%


Note: On Sept. 30, 2007, $1.00 (U.S.) equalled 99.29 Canadian 
cents.  On Sept. 30, 2006, $1.00 (U.S.) equalled $1.1142 
(Canadian).

(1) Cash flow from operations is a non-GAAP (generally accepted 
accounting principles) term requested by the oil and gas 
investment community that represents net earnings adjusted for 
non-cash items including depreciation, depletion and 
amortization, future income taxes, asset writedowns, 
and gains (losses) on sale of assets, if any.


Revenue in the three-month period ended Sept. 30, 2007, was $2,046,733 (U.S.) ($2,032,201 (Canadian)), an increase of 12 per cent. Cash flow over the same period was $830,059 (U.S.) ($824,166 (Canadian)). Net income was $706,023 (U.S.) ($701,010 (Canadian)). Earnings per share in the third quarter 2007 were six U.S. cents (six Canadian cents) compared with four U.S. cents (four Canadian cents) in the third quarter 2006. In 2007, Omni-Lite repurchased 200,000 common shares through the normal course issuer bid. 


                   FINANCIAL HIGHLIGHTS
                     (in U.S. dollars)

                    For the three     For the three           %
                     months ended      months ended     increase
                   Sept. 30, 2007    Sept. 30, 2006    (decrease)    

Revenue                $2,046,733        $1,823,936           12%
Cash flow 
from operations (1)      $830,059          $500,283           66%
Net income               $706,023          $433,180           63%
EPS                        $0.064            $0.040           60%


Note: On Sept. 30, 2007, $1.00 (U.S.) equalled 99.29 Canadian 
cents.  On Sept. 30, 2006, $1.00 (U.S.) equalled $1.1142 
(Canadian).

(1) Cash flow from operations is a non-GAAP term requested 
by the oil and gas investment community that represents net 
earnings adjusted for non-cash items including depreciation, 
depletion and amortization, future income taxes, asset 
writedowns, and gains (losses) on sale of assets, if any.




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.