Omni-Lite Third Quarter Results

Omni-Lite Industries Canada Inc
OML-ASE

Tuesday Nov 8 1999

Mr. David Grant reports
The financial results for the three months ended Sept. 30, 1999, nine months ended Sept. 30, 1999, and the comparative periods to Sept. 30, 1998, and Dec. 31, 1998, are as follows (all figures are in U.S. dollars except as noted):

           FINANCIAL HIGHLIGHTS
     Three months ended Sept. 30, 1999


Revenue                        $634,879

Cash flow from
operations                      366,934

Net income                     $330,397

Earnings per share              3 cents

Earnings per share
(Canadian dollars)              4 cents


           FINANCIAL HIGHLIGHTS
        Nine months ended Sept. 30

                      1999        1998

Revenue            $1,238,303  $1,418,336

Cash flow
from operations       599,402     894,936

Net income            492,916     754,888

Earnings per share    5 cents     8 cents

Earnings per share
(Canadian dollars)    7 cents    12 cents


           FINANCIAL HIGHLIGHTS
     Twelve months ended Dec. 31, 1998


Revenue                       $1,701,395

Cash flow from
operations                       997,338

Net income                    $  801,119

Earnings per share               8 cents

Earnings per share
(Canadian dollars)              12 cents


The results in the third quarter reflect business efficiencies introduced to enable the continued growth of the company. Over the last month, the company has received additional orders for the automotive, sports and recreation, commercial and military divisions. The final development of the coupling for the U.S. Army and NATO is still under way. To date, revenues in the fourth quarter have exceeded $260,000. WARNING: The company relies on litigation protection for "forward-looking" statements.
For further information, please contact:

David F. Grant
President & CEO
Tel. No. (562) 404-8510
Fax. No. (562) 926-6913
E-Mail Address: info@omni-lite.com
Website: www.omni-lite.com


THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.


| Main Page | Investor Info | Profile / Divisions | Online Store | Contact Us | | |
Copyright © 2000-2016 Omni-Lite Industries.  All Rights Reserved.