Omni-Lite military contract rises; orders new machines
Omni-Lite Industries Canada Inc.
December 21, 2005
Omni-Lite Industries Canada Inc. has received an extension to the military contract as reported in Stockwatch Nov. 3 and Nov. 21, 2005. The contract amount has been increased to approximately $1-million (U.S.). Under certain conditions, the total revenues of the contract could be approximately $1.35-million (U.S.). These products are to be delivered within the next seven months.
To support the further development and escalation of this program, the company has ordered four new production machines for delivery within nine months.
"Omni-Lite has seen significant growth in the military division in 2005. It is expected that this growth will continue in 2006 and 2007," stated Paul Burkey, president and chief operating officer.
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
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