OML - TSX VENTURE
CERRITOS, CA, May 7 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to announce a new contract in the Military division. This contract is valued
at approximately $1,021,000 Million CDN ($875,000 US). The delivery of these
components is scheduled to begin in Q2 and must be completed by December 31,
"This contract is for a new program that the company has been working on
for approximately 18 months," stated David F. Grant, Chairman and CEO. "This
order and others expected for this product line will provide more clarity on
the future requirements for this component. Delays in final approval of this
product line led to lower revenues in Q4 of 2008 and Q1 in 2009."
Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by 50 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. 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