Omni-Lite receives $1.75-million in new orders
Omni-Lite Industries Canada Inc.
September 2, 2009
Omni-Lite Industries Canada Inc. has received several new orders in the military, aerospace, and sports and recreational divisions of the company. These latest orders are for approximately $1,754,255 (Canadian) ($1,589,004 (U.S.)). "Some of the long-term U.S. military programs that Omni-Lite has been working on for the past two years are now reaching the production stage," stated Allen W. Maxin, vice-president of operations. "Approximately 70 per cent of these new orders are for military products. Most importantly, some of the orders are now expected on an annual basis for the next five years."
Omni-Lite is continuing to complete the development of two additional components for the U.S. military. Some of these components are expected to enter the testing phase in the next couple of months. If successful, production could begin on these components in the fourth quarter of 2009. The remainder of the orders announced are for sports and recreational products that the company has been manufacturing for the last 15 years and for aerospace products that are used in a wide range of modern aircraft.
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.
|| Main Page | Investor Info | Profile / Divisions | Online Store | Contact Us | | Follow @OmniLiteInd ||