Omni-Lite Third Quarter Results|
Omni-Lite Industries Canada Inc
Tuesday Nov 8 1999
Mr. David Grant reports
FINANCIAL HIGHLIGHTS Three months ended Sept. 30, 1999 Revenue $634,879 Cash flow from operations 366,934 Net income $330,397 Earnings per share 3 cents Earnings per share (Canadian dollars) 4 cents FINANCIAL HIGHLIGHTS Nine months ended Sept. 30 1999 1998 Revenue $1,238,303 $1,418,336 Cash flow from operations 599,402 894,936 Net income 492,916 754,888 Earnings per share 5 cents 8 cents Earnings per share (Canadian dollars) 7 cents 12 cents FINANCIAL HIGHLIGHTS Twelve months ended Dec. 31, 1998 Revenue $1,701,395 Cash flow from operations 997,338 Net income $ 801,119 Earnings per share 8 cents Earnings per share (Canadian dollars) 12 centsThe results in the third quarter reflect business efficiencies introduced to enable the continued growth of the company. Over the last month, the company has received additional orders for the automotive, sports and recreation, commercial and military divisions. The final development of the coupling for the U.S. Army and NATO is still under way. To date, revenues in the fourth quarter have exceeded $260,000. WARNING: The company relies on litigation protection for "forward-looking" statements.
For further information, please contact:
David F. Grant
President & CEO
Tel. No. (562) 404-8510
Fax. No. (562) 926-6913
E-Mail Address: email@example.com
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
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