Omni-Lite Industries Inc. Declares Dividend|
Omni-Lite Industries Canada Inc.
April 26, 2011
CERRITOS, CALIFORNIA, April 26, 2011 - 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 ofOmni-Lite's Common Class A shares of record on May 5, 2011. The dividend is payable on May 18, 2011.
"Given the Company's positive results in the second half of 2010 and the overall record earnings reported on the audited 2010 financial statements released last week, the Board of Directors would like to announce a continuation of the dividend program initiated last year. As the Company continues to successfully execute its Vision 2015 plan of growth and development, one of the key benefits will be a focus on enhanced shareholder value. Given the recent excellent financial performance of the Company overall and a review of the prospects on the horizon, the Board is pleased to offer our investors a cash return on their investment in Omni-Lite," stated David F. Grant, CEO and Chairman of the Board. "The Management and staff of the Company are proud to have attained a level where a dividend can continue to be a component of the value attached to the stock of the Company."
The Board of Directors will continue to review the Company's dividend policy on a semi-annual basis.
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, 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. (562) 404-8510, or (800) 577-6664 (Canada and USA), Fax. (562) 926-6913, email: firstname.lastname@example.org
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