CERRITOS, CA, Oct. 1, 2013 /CNW/ - Omni-Lite Industries Canada Inc. is
pleased to announce approximately $560,159 US ($576,913 CAD) in new
orders that include three divisions of the Company. Of these new orders
49 percent are in the Aerospace division, 43 percent are in the
Specialty Automotive division and 8 percent are in the Sports and
The Company is also pleased to note that revenue in Q3 2013 was
approximately $1,660,000 US ($1,709,650 CAD) an increase of 19 percent
from Q2 2013. Q3 revenue in 2013 was also 9 percent higher than Q3
revenue in 2012.
"These results indicate continued growth in both the Aerospace and
Specialty Automotive markets," stated David F. Grant, CEO.
"Of particular significance, the Company has delivered one of the U.S.
military green rounds that have been under development for several
years, to a new customer for final inspection. This customer has
received an order from the military to be filled this year. In
addition, Omni-Lite has almost completed the preproduction run of a
second green round mentioned in a press release of August 20, 2013. It
is expected that these components will be delivered to the military
customer by Oct 4, 2013," stated Allen W. Maxin, President. "These
deliveries mean that Omni-Lite has delivered the last two components of
the eight military programs that it has been contracted to develop over
the last several years."
Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by several Fortune 500
Companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg
Warner, Chrysler, the U.S. Military, Nike, and adidas.
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.
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.
SOURCE: Omni-Lite Industries Canada Inc.
For further information:
Mr. Tim Wang, CFO
Tel. No. (562) 404-8510 or (800) 577-6664 (Canada and USA)
Fax. No. (562) 926-6913, email: email@example.com