Omni-Lite earns four cents per share in Q3

Omni-Lite Industries Canada Inc.
OML-TSX VENTURE

December 2, 2003

Omni-Lite Industries has released the financial results for the nine-month period ended Sept. 30, 2003. Net income was $555,652 (U.S.) or $752,132 (Canadian), an increase of 130 per cent over the same period in 2002. Earnings per share were six U.S. cents or eight Canadian cents. Revenue and rental income for same period was $2,259,160 (U.S.) or approximately $3,057,999 (Canadian), an increase of 23 per cent. Cash flow from operations increased by 23 per cent to $801,301 (U.S.) or $1,139,393 (Canadian).

The company reported net income for the three-month period ended Sept. 30, 2003, of $252,288 (U.S.) or $341,496 (Canadian). The company earned three U.S. cents or four Canadian cents per share for the quarter. Revenue and rental income increased 29 per cent over the same period to $892,966 (U.S.) or $1,208,719 (Canadian). Cash flow from operations for the three-month period was $419,167 (U.S.) or $567,385 (Canadian).

Complete results are available at www.sedar.com or may be requested directly from the company.


        FINANCIAL HIGHLIGHTS 
     Three months ended Sept. 30 
            (U.S. dollars)

                      2003         2002
Revenue and 
rental          $  892,966   $  673,822

Net income 
(loss)          $  252,288   $   25,600

Earnings per
share           $     0.03   $    0.003 

Earnings per
share (Cdn$)    $     0.04   $    0.005


        FINANCIAL HIGHLIGHTS 
      Nine months ended Sept. 30 
            (U.S. dollars)

                      2003         2002
Revenue and 
rental          $2,259,160   $1,840,034

Net income 
(loss)          $  555,652   $  242,147

Earnings per
share           $     0.06   $     0.03

Earnings per
share (Cdn$)    $     0.08   $     0.04



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