CERRITOS, CA, Oct. 16 /CNW/ - Omni-Lite is pleased to announce that it
has received several new orders in the Military, Aerospace, Automotive and
Sports and Recreation Divisions. The total value of these orders is
approximately $1.5 million US. These orders are in addition to those announced
in a press release of September 26, 2007. This brings the combined value of
the orders received by the Company in the last ten weeks to approximately
$3.2 million US. These orders have significantly increased the Company's
backlog for the remainder of 2007 and the first nine months of 2008.
"To meet the customer requirements of these ongoing programs and to
continue the research and development into the new programs that the Company
has undertaken will require the utilization of the new equipment purchased in
the Vision 2010 program. To support these efforts, the first six-die
progressive cold forging system arrived in the Cerritos facility on October
10, 2007 and will be commissioned by the end of October. It will be utilized
in the Aerospace or Military Division of the Company on one of several new
projects," stated Allen W. Maxin, VP of Operations Support. "It is clear that
the Military and Aerospace Divisions will lead the growth of Omni-Lite for the
next couple of years."
Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by 100 companies including Boeing,
Airbus, Alcoa, Chrysler, the U.S. Military, Nike, adidas and Reebok.
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.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
For further information:
For further information: Mr. Tim Wang, CFO, Tel. (562) 404-8510, (800)
577-6664 (Canada and USA), Fax. (562) 926-6913, email: firstname.lastname@example.org,