Sales to February 14, 2001 up 76%|
Omni-Lite Industries Canada Inc
February 15, 2001
Omni-Lite is pleased to announce that sales to date for fiscal 2001 have increased 76% over sales in the same six week period of fiscal 2000. These results reflect additional aerospace and military orders that the company has received over the last three months. "These positive trends should continue as product development is completed for Stalcop LP and other new customers", stated David F. Grant, President and CEO.
The company is also pleased to announce that it has purchased a larger cold forging system to support projects from Fairchild, Stalcop LP, Accuform, Nike and adidas. This machine can produce components from wire sizes approximately 75% larger than existing equipment and provides a significant enhancement to the company's capabilities. The Corporation was able to acquire this equipment, from an existing customer, at a savings of $US 240,000. The retail price of this machine with existing options would be approximately $US520,000.
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