Dear Shareholder:

The period from January to December 1999 has been another period of engineering and financial success for Omni-Lite. The highlights of this period include:

1. Net income of US$ 809,131 or approximately US$ .08/share for 1999. Revenue for the period exceeded US$ 1,924,000.

2. Cash flow in excess of US$ 984,254 for 1999, all of which has been reinvested in the expansion of the production facility.

3. Of particular note, revenue in the 4th Quarter exceeded US$ 686,000 a 142% increase over the same period of 1998, with net income exceeding US$ 316,000. This resulted in earnings of US$ .03 share; an increase of 650 % from the 4th Quarter of 1998.

4. On April 27, 2000 a shareholder returned 1,000,000 shares to the treasury, which have since been canceled, thereby reducing the number of shares outstanding to 9,753,902.

5. The continued expansion of the manufacturing facility which now includes ten cold forging systems and an expanded staff of skilled technicians and administrative personnel. During the year, Omni-Lite incurred additional costs of US$ 1,282,637 to install five new systems. The company also incurred substantial expenses to train new technicians on the company's complex equipment and product line.

6. The addition of an aerospace division in anticipation of the 14 contracts the company has received in 2000 from Fairchild for components utilized in jet aircraft, nuclear submarines and armored vehicles.

Omni-Lite now has five divisions specializing in the following product areas:

i. automotive
ii military
iii sports and recreation
iv. aerospace
v. commercial

All of these divisions are now contributing to the company's growth.

7. The development of 7 new products for incorporation into the company's product line which includes approximately 75 items.

8. The continued participation of the Company in a new initiative called Multi-Tek Technologies Inc., a CPC company trading on the CDNX. This company is actively pursuing an amalgamation with Tactex Controls Inc., the developers of a multi-touch input device for computers, gaming consoles and industrial controllers. Omni-Lite owns 500,000 shares of Multi-Tek Technologies Inc.

9. In July of 1999 Omni-Lite hired a Chief Operating Officer to oversee the production requirements of the company. In April 2000, the company further expanded management by hiring a CFO with corporate finance experience. The addition of these key individuals will enable the company to focus on research and development, sales and marketing and additional growth of the company; further enhancing shareholder value.

Enclosed herewith are the consolidated audited financial results for Omni-Lite Industries Canada Inc. for the fiscal year ending December 31, 1999 and comparative statements for the 12-month period ending December 31, 1998. These positive results are expected to continue as the company designs and manufactures new components for the automotive, sports and recreation, military, aerospace and commercial industries.

Management would like to take this opportunity to thank our customers, suppliers, consultants and shareholders for another very successful year and the opportunity to continue the development of Omn-Lite as one of the world's leading high technology companies. Shareholders are invited to attend Omni-Lite Industries Canada Inc.'s Annual General Meeting to take place June 23, 2000.

Yours sincerely,

David F. Grant

President & CEO