Omni-Lite's revenue sets new record for nine months|
Omni-Lite Industries Canada Inc.
October 7, 2003
The company has disclosed that total revenues (including rental) for the third quarter were approximately $890,000 (U.S.), a 32-per-cent increase over revenues in the corresponding period of 2002. In the third quarter, the military division showed a substantial sales increase over the same period of 2002. These sales are mainly due to the new contract received in August, 2003. Compared with the third quarter of 2002, sales in the automotive and aerospace divisions have increased 278 per cent and 39 per cent, respectfully.
Total revenues (including rental) for the first nine months of 2003 were approximately $2,256,194 (U.S.), an increase of approximately 23 per cent over the prior period. Compared with the first nine months of 2002, sales in the automotive and aerospace divisions have increased 195 per cent and 62 per cent, respectfully. The military division is quickly gaining strength as steady shipments begin. The sports and recreation division has been a solid contributor.
"We expect to see continued growth in the fourth quarter as new products from the automotive and aerospace divisions begin to ship," stated David F. Grant, president and chief executive officer.
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