NEWS RELEASE

Omni-Lite Industries Appoints

Mr. Patrick Hutchins as Board Member

 

LOS ANGELES, CALIFORNIA, May 5, 2016 - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") (TSXV:OML; OTCBB:OLNCF) is pleased to announce the appointment of Patrick Hutchins to the Board of Directors.

"Patrick has been involved with the aerospace industry at a senior management level for years and as a result has an excellent understanding of the future potential of the Company," stated David F. Grant, CEO and Chairman of the Board of Directors. "His track record of building value is well known in several industries and these skills make Patrick a key asset as Omni-Lite enters a new level of growth."

Mr. Hutchins currently serves as President of Staco Systems, a manufacturer of Human to Machine Interface solutions for aerospace and military applications. Prior to Staco Systems, Mr. Hutchins served as Vice President and General Manager for Lisi Aerospace, a leader in forged and machined aerospace fasteners serving all aircraft OEMs worldwide. Mr. Hutchins also served in executive roles as Chief Operations Officer of Automated Precision Inc., Satellite Division President and Chief Operations Officer of CalAmp Corp. and President and General Manager of Chloride Systems, a division of Philips Lighting. Mr. Hutchins received his Bachelor of Science in Electrical Engineering from North Carolina State University and Masters in Business Administration from the University of North Carolina at Wilmington. Pursuant to its stock option plan and in accordance with the policies and approval of the TSX Venture Exchange, the Board of Directors has approved a grant of 50,000 stock options to Mr. Hutchins. These options vest equally over a period of 3 years and are exercisable on or before May 5, 2021 at an exercise price of $1.44 CAD per common share.

The Company is regretfully announcing the resignation of Sébastien Goulet from the Board of Directors. "Sébastien has helped Omni-Lite in many ways as a member of the Board," stated David F. Grant, Chairman and CEO. "Sébastien has agreed to stay on as a consultant to the Company as Omni-Lite executes its 2016 growth strategy."

Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
 
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. 
 
For further information, please contact: 
 
Mr. David Grant
Founder, Chairman, and CEO
Tel. No.  (714) 757-8863 or (800) 577-6664
Fax. No. (562) 926-6913, email: d.grant@omni-lite.com
 
Website:  www.omni-lite.com
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

 

 

 


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