Extension of US Military and NATO Contract

Omni-Lite Industries Canada Inc
OML-CDNX

November 20, 2000

Omni-Lite is pleased to announce solid financial results for the first nine months of fiscal 2000. Over this period, revenue increased to $1,408,580US, an increase of 14% over the same period in 1999. During the period, cash flow increased to $646,633US, and net income increased to $507,649US.

Omni-Lite has been notified that the US Military has exercised its option to increase the size of the fiscal 2000 contract by approximately 50%. This will require significant increases in shipments starting in December of this year. These shipments will continue throughout fiscal 2001. "The research and development activities that were initiated this year will begin to positively impact the companies revenues in the fourth quarter and should continue well into the future" stated Mr. David F. Grant President and CEO.


         FINANCIAL HIGHLIGHTS
     Three months ended Sept. 30
 (in U.S. dollars except where noted)

                        2000       1999

Revenue             $590,650   $634,879

Cash flow 
from operations      264,365    366,934

Net income          $209,198   $330,397

Earnings 
per share              $0.02      $0.03

Earnings
per share
(Canadian)             $0.03      $0.05


         FINANCIAL HIGHLIGHTS
      Nine months ended Sept. 30
 (in U.S. dollars except where noted)

                      2000         1999

Revenue         $1,408,580   $1,238,303

Cash flow 
from 
operations         646,633      599,402

Net income      $  507,649   $  492,916

Earnings 
per share            $0.05        $0.05
Earnings
per share
(Canadian)           $0.08        $0.08

Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components used by over 200 companies including GM, Ford, Mazda, Daimler-Chrysler, the U.S. Military, Fairchild, Nike, Adidas and Reebok.

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