CERRITOS, CA, Feb. 5 /CNW/ - Omni-Lite Industries Canada Inc. ("OML") is pleased to announce several new orders. These orders are valued at approximately $1,123,400 ($1,056,000 US). Predominant in these orders are the Automotive, Aerospace, and Military divisions of the Company.
"These are the areas that the Company is focusing on for future growth. In this regard, Omni-Lite is completing the development of several new components that are scheduled to enter the production phase over the next two quarters", stated Allen W. Maxin, VP of Operations. "These products will be the backbone of Company's growth in 2011 and 2012."
The Company would also like to announce that the unaudited annual revenue for fiscal 2009 was approximately $4,601,600 ($4,385,000 US). While continuing an accelerated level of development, the Company has implemented several cost savings to maintain profitability during a difficult economic period. Omni-Lite is committed to continuing its research and development efforts through 2010 and 2011.
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by 50 companies including Boeing, Airbus, Alcoa, Chrysler, Ford the U.S. Military, Bosch, John Deere, Caterpillar, 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.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN.
SOURCE Omni-Lite Industries Canada Inc.
For further information: 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: firstname.lastname@example.org, Website: www.omni-lite.com