Omni-Lite Industries Reports Revenue Increase of 87%, Cash Flow Increase of 140%, EBITDA Increase of 144% and Earnings Increase of 340% for Q3 2010

Omni-Lite Industries Canada Inc.
OML-TSX VENTURE

November 1, 2010

CERRITOS, CALIFORNIA, November 1, 2010 - Omni-Lite Industries Canada Inc. is pleased to announce that the Board of Directors have approved a dividend of two cents (CDN) per share for shareholders of Omni-Lite's Common Class A shares of record on November 3, 2010. The dividend is payable on November 15, 2010. CERRITOS, CA, Nov. 1 - For the nine months ended September 30, 2010, Omni-Lite Industries Canada Inc. is pleased to report revenue of $5,994,776 US ($6,171,022 CDN), Cash flow from Operations of $2,655,453 US ($2,733,523 CDN) and EBITDA of $2,885,336 US ($2,970,165 CDN). Net income was $1,598,232 US ($1,645,220 CDN). With the exception of revenue, these results all reflect record financial performances for the Company.

"Again for the first nine months of the year, Omni-Lite has provided excellent financial metrics in almost every category," stated David F. Grant, Chairman and CEO. "In addition, the Company has completed the research and development on several new projects that could lead to significant contracts in 2011 and beyond."

2010 NINE MONTHS FINANCIAL HIGHLIGHTS (in US $)

Basic Weighted Average Shares Issued And Outstanding: 10,306,395


                                 Three months ended    Three months ended
                                     Sept. 30, 2010        Sept. 30, 2009
Revenue                                   5,994,776             3,209,969
Cash flow from operations(1)              2,655,453             1,104,318
Net Income                                1,598,232               373,998
EPS (US)                                       0.16                  0.04
EPS (CDN)                                      0.16                  0.04

All figures are in US dollars except as noted.
(note:at 9/30/10, $1 US = $1.0294 CDN; 9/30/09, $1 US = $1.0861 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 $0.16 US ($0.16 CDN) compared to $0.04 US ($0.04 CDN) in the same period of 2009, based on the weighted average number of shares outstanding of 10,306,395.

Revenue in the three month period ended September 30, 2010 was $1,720,995 ($1,771,592 CDN).

Cash flow over the same period was $881,838 US ($907,764 CDN). EBITDA over the period was $784,873 US ($807,948 CDN). Net income in the third quarter was $427,806 US. ($440,383 CDN). Earnings per share in Q3 2010 were $0.04 US ($0.04 CDN), based on the weighted average number of shares outstanding of 10,233,866.


SUMMARY OF THREE MONTH FINANCIAL HIGHLIGHTS (US $)


Weighted Average Shares Issued And Outstanding:  10,233,866
                                Three months ended   Three months ended
                                    Sept. 30, 2010       Sept. 30, 2009

Revenue                                  1,720,995            1,084,771
Cash flow from operations(1)               881,838              314,077
Net Income                                 427,806               95,078
EPS (US)                                     0.042                0.009
EPS (CDN)                                    0.043                0.010



(note: at 9/30/10, $1 US = $1.0294 CDN; 9/30/09, $1 US = $1.0861 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.

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

ALL FIGURES IN US DOLLARS UNLESS NOTED


                            Sep 30/2010 Jun 30/2010 Mar 31/2010 Dec 31/2009 Sept 30/2009 Jun 30/2009 Mar 31/2009 Dec 31/2008
Revenue                      1,720,995   2,439,705   1,834,076   1,175,516   1,084,771     1,151,296    973,902    1,366,201 
Cash Flow from Operations(1)  881,838    1,005,306    768,309     429,416     314,077       395,702     393,026     288,442  
Net Income                    427,806     687,889     482,537      83,011      95,078       170,322     108,597    (557,483) 
EPS(US)                        .042        .066        .045         .008        .009         .016        .010        (.052)   
EPS(CDN)                       .043        .069        .046         .008        .010         .016        .010        (.064)   

(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.

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: info@omni-lite.com



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