Omni-Lite Industries Appoints
Hutchins as Board Member
CALIFORNIA, May 5, 2016
- Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") (TSXV:OML; OTCBB:OLNCF) is pleased to announce the
appointment of Patrick Hutchins to the Board of Directors.
"Patrick has been involved with the aerospace industry at a senior management
level for years and as a result has an excellent understanding of the future
potential of the Company," stated David F. Grant, CEO and Chairman of the Board
of Directors. "His track record of building value is well known in several
industries and these skills make Patrick a key asset as Omni-Lite enters a new
level of growth."
Mr. Hutchins currently serves as President of Staco Systems, a manufacturer of
Human to Machine Interface solutions for aerospace and military applications.
Prior to Staco Systems, Mr. Hutchins served as Vice President and General
Manager for Lisi Aerospace, a leader in forged and machined aerospace fasteners
serving all aircraft OEMs worldwide. Mr. Hutchins also served in executive roles
as Chief Operations Officer of Automated Precision Inc., Satellite Division
President and Chief Operations Officer of CalAmp Corp. and President and General
Manager of Chloride Systems, a division of Philips Lighting. Mr. Hutchins
received his Bachelor of Science in Electrical Engineering from North Carolina
State University and Masters in Business Administration from the University of
North Carolina at Wilmington. Pursuant to its stock option plan and in
accordance with the policies and approval of the TSX Venture Exchange, the Board
of Directors has approved a grant of 50,000 stock options to Mr. Hutchins. These
options vest equally over a period of 3 years and are exercisable on or before
May 5, 2021 at an exercise price of $1.44 CAD per common share.
The Company is regretfully announcing the resignation of Sébastien Goulet from
the Board of Directors. "Sébastien has helped Omni-Lite in many ways as a member
of the Board," stated David F. Grant, Chairman and CEO. "Sébastien has agreed to
stay on as a consultant to the Company as Omni-Lite executes its 2016 growth
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company
that develops and manufactures mission critical, precision components utilized
by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford,
Borg Warner, Chrysler, the U.S. Military, and Nike.
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
For further information, please contact:
Mr. David Grant
Founder, Chairman, and CEO
Tel. No. (714)
757-8863 or (800)
Fax. No. (562)
926-6913, email: email@example.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.