Omni-Lite Industries Announces New Orders in the Military, Sports and Recreational, and Aerospace Divisions
Omni-Lite Industries Canada Inc.
September 29, 2010
CERRITOS, CA, Sept. 29 - Omni-Lite Industries Canada Inc. is pleased to announce that it has received several new orders in the Military, Sports and Recreational and Aerospace divisions. The total value of these orders is approximately $685,000 US ($706,500 CDN). Of these new orders, approximately 83 percent are in the Military division, 11 percent are in the Sports and Recreational division and 6 percent are in the Aerospace division. These orders are in addition to those announced on September 15, 2010. This brings the total value of the orders announced in the last two weeks to approximately $1,367,000 US ($1,410,500 CDN).
"Over 50 percent of the orders announced today are for new products that the Company has successfully developed over the last 12 months," stated Andy S. Bengis, Controller. "The Company expects additional revenue streams to commence as other research activities transition into production programs over the next three months. One example of this progression would be this week's initiation of the production of an anti-lock brake component for a large Tier One Automotive Supplier."
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by several Fortune 500 companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, John Deere, Borg Warner, Chrysler, the U.S. Military, Nike, and adidas.
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: email@example.com
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