LOS ANGELES, CALIFORNIA, AUGUST 9, 2016 - Omni-Lite
Industries Canada Inc. (the "Company" or "Omni-Lite") is pleased to announce
that Mr. Tim Leybold has joined the Omni-Lite team as Chief Financial Officer
"Tim has been involved in various TSX and NASDAQ listed companies in his career
as an accomplished CFO. His experience with the financial community and several
successful acquisition transactions will be invaluable as Omni-Lite enters its
next stage of growth," stated David F. Grant, CEO and Chairman of the Board of
Most recently Mr. Leybold was CFO of Till Capital Ltd. (NASDAQ: TIL; TSXV: TIL)
where he led several acquisition transactions leading to the listing of Till
shares on the NASDAQ stock exchange. Tim also served as a Director of Till's
operating subsidiaries. Previously he was a CFO with Tatum CFO Partners, and
also served as CFO for Port Townsend Paper Corp. and its subsidiary Crown
Packaging Ltd., the Port Blakely Companies and RLC Industries. He began his
career as a CPA with an international public accounting firm. Mr. Leybold
received his Bachelor of Business Administration degree with honors from
University of Portland and Masters in Business Administration degree from
University of Oregon. Pursuant to Omni-Lite's 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 100,000 stock options to Mr. Leybold. These
options vest equally over a period of 3 years and are exercisable on or before
August 8, 2021 at an exercise price of $1.65 CDN per common share.
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 discussed herein.
For further information, please contact: