Omni-Lite posts 12% increase in 2004 Q1 revenues|
Omni-Lite Industries Canada Inc.
April 13, 2004
Omni-Lite Industries Canada has recorded revenues (including rental) for the first quarter of approximately $720,000 (U.S.) or $941,832 (Canadian), a 12-per-cent increase over revenues in same period of 2003.
Omni-Lite is also pleased to announce that it has received four contracts from a large aerospace supplier for providing a group of components. The new contracts are worth approximately $130,000 (U.S.).
"During the past three months, the research and development department has been working on five new projects. We expect that many of these new components will obtain vendor approval and will begin shipping during the second quarter," stated Mike Walker, vice-president of research and development. "The number of new projects initiated will contribute significantly to the company's revenue growth this year."
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