Omni-Lite receives $85,000 order; declares dividend
Omni-Lite Industries Canada Inc.
May 15, 2006
Omni-Lite Industries Canada Inc. has received a new order in the automotive division valued at $85,000. These components are for the speciality automotive market and will be used in large diesel engines in the earthmoving and transportation industries.
Upon review of the financial results of 2005, the board of directors is pleased to announce a dividend of two cents per share for shareholders of Omni-Lite's common shares of record June 15, 2006. The dividend will be payable on June 30, 2006.
"Due to the financial performance of the company in 2005, we are pleased to announce this fourth dividend," stated David F. Grant, chairman and chief executive officer. "This cash dividend is intended to complement the gains made in the company's stock price over the last 12 months. In combination, these benefits represent significant additions to shareholder value which is our focus here at Omni-Lite."
The board of directors will review the company's dividend policy on a semi-annual basis.
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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