Omni-Lite reports revenue increase of 101%, cash flow increase of 123%, EBITDA increase of 167% and earnings per share increase of 326% for Q2 2010

Omni-Lite Industries Canada Inc.
OML-TSX VENTURE

July 22, 2010

CERRITOS, CA, July 22 -OML-TSX VENTURE - For the six months ended June 30, 2010, Omni-Lite Industries Canada Inc. is pleased to report revenue of $4,273,781 US ($4,480,632 CDN), Cash flow from Operations of $1,773,615 US ($1,859,458 CDN) and EBITDA of $2,115,778 US ($2,218,182 CDN). Net income was $1,170,426 US ($1,226,640 CDN). These results all reflect record financial performances for the Company. "By every financial metric, Omni-Lite had an outstanding quarter and first six months of the year," stated David F. Grant, Chairman and CEO. "The Company is focused on completing the development of several new projects that could continue a significant level of financial growth for the next several years."

               2010 SIX MONTHS FINANCIAL HIGHLIGHTS (in US $)
    -------------------------------------------------------------------------
    Basic Weighted Average                  For the        For the
     Shares Issued And                       period         period         %
     Outstanding: 10,503,096             ended June     ended June  Increase
                                           30, 2010       30, 2009 (Decrease)
    -------------------------------------------------------------------------
    Revenue                               4,273,781      2,125,198      101%
    -------------------------------------------------------------------------
    Cash flow from operations(1)          1,773,615        794,716      123%
    -------------------------------------------------------------------------
    Net Income                            1,170,426        278,920      320%
    -------------------------------------------------------------------------
    EPS (US)                                  0.111          0.026      326%
    -------------------------------------------------------------------------
    EPS (CDN)                                 0.117          0.030      290%
    -------------------------------------------------------------------------
               All figures are in US dollars except as noted.
         (note: at 6/30/10, $1US = $1.0484 CDN; 6/30/09,
                        $1US = $1.156 CDN)

    (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 write-downs and gains
        (losses) on sale of assets, if any.

Basic earnings per share were $0.11 US ($0.12 CDN) compared to $0.03 US ($0.03 CDN) in the same period of 2009, based on a weighted average number of shares outstanding of 10,503,096.

Revenue in the three month period ended June 30, 2010 was $2,439,705 US ($2,557,786 CDN). Cash flow over the same period was $1,005,306 US ($1,053,962 CDN). EBITDA over the period was $1,191,382 US ($1,249,045 CDN). Net income in the second quarter was $687,889 US. ($721,182 CDN). Earnings per share in Q2 2010 were $0.07 US ($0.07 CDN), based on the weighted average number of shares outstanding of 10,386,633. These are all record metrics for the Company.

             SUMMARY OF THREE MONTH FINANCIAL HIGHLIGHTS (US $)
    -------------------------------------------------------------------------
    Weighted Average                        For the        For the
     Shares Issued And                       period         period         %
     Outstanding: 10,503,096             ended June     ended June  Increase
                                           30, 2010       30, 2009 (Decrease)
    -------------------------------------------------------------------------
    Revenue                               2,439,705      1,151,296      112%
    -------------------------------------------------------------------------
    Cash flow from operations(1)          1,005,306        400,177      151%
    -------------------------------------------------------------------------
    Net Income                              687,889        170,322      304%
    -------------------------------------------------------------------------
    EPS (US)                                  0.066          0.016      313%
    -------------------------------------------------------------------------
    EPS (CDN)                                 0.069          0.019      263%
    -------------------------------------------------------------------------
         (note: at 6/30/10, $1 US = $1.0484 CDN; 6/30/09,
                       $1 US = $1.156 CDN)
Quarterly Information

The following table summarizes the Company's financial performance over the last eight quarters.

    ALL FIGURES IN US DOLLARS UNLESS NOTED
    -------------------------------------------------------------------------
                    Jun        Mar        Dec       Sept        Jun      Mar
                30/2010    31/2010    31/2009    30/2009    30/2009  31/2009
    -------------------------------------------------------------------------
    Revenue   2,439,705  1,834,076  1,175,516  1,084,771  1,151,296  973,902
    -------------------------------------------------------------------------
    Cash Flow
      from
    Opera-
     tions(1) 1,005,306    768,309    429,416    314,077    400,177  393,026
    -------------------------------------------------------------------------
    Net
     Income     687,889    482,537     83,011     95,078    170,322  108,597
    -------------------------------------------------------------------------
    EPS(US)        .066       .045       .008       .009       .016     .010
    -------------------------------------------------------------------------
    EPS(CDN)       .069       .046       .008       .009       .016     .010
    -------------------------------------------------------------------------



    -------------------------------
                    Dec       Sept
                31/2008    30/2008
    -------------------------------
    Revenue   1,366,201  2,068,730
    -------------------------------
    Cash Flow
      from
     Opera-
     tions(1)   288,442    884,322
    -------------------------------
    Net
     Income    (557,483)   495,683
    -------------------------------
    EPS(US)       (.052)      .045
    -------------------------------
    EPS(CDN)      (.064)      .047
    -------------------------------

Please see www.sedar.com or contact the Company for complete results.

Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by 100 companies including Boeing, Airbus, Alcoa, Chrysler, the U.S. Military, Nike, adidas and Reebok.

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.

For further information: Mr. Tim Wang, CFO, Tel. No. (562) 404-8510, or (800) 577-6664 (Canada and USA), Fax. No. (562) 926-6913, email: info@omni-lite.com



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