Omni-Lite's Q3 2006 revenues up 32% from Q3 2005
Omni-Lite Industries Canada Inc.
October 3rd, 2006
Omni-Lite Industries Canada Inc.'s revenues for the third quarter of 2006 were approximately $1,763,000 (U.S.) or $1,964,000 (Canadian), an increase of 32 per cent over the same period in 2005 and a record quarterly revenue for the company. Revenue for the first three quarters for fiscal 2006 exceeded $4,107,000 (U.S.) or $4,576,019 (Canadian), an increase of 25 per cent over the same period in 2005 and again a record for the third quarter period. "Fourth quarter revenue will begin to show the benefits of the new orders received in the military, sports and recreation, automotive and aerospace areas," stated Paul A. Burkey, president and chief operating officer. "Omni-Lite is now well diversified and growing in all its main business areas."
The company is also pleased to announce that it has received a new order in the specialty automotive area. This follow-on order, from a large existing customer, has an approximate value of $108,000. These products are expected to ship in fourth quarter of 2006.
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.
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