CERRITOS, CA, Sept. 2 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to announce that it has received several new orders in the Military,
Aerospace, Automotive, and Sports and Recreational divisions of the Company.
These latest orders are for approximately $1,754,255 CDN ($1,589,004 US).
"Some of the long term U.S. Military programs that Omni-Lite has been working
on for the past two years are now reaching the production stage," stated Allen
W. Maxin, VP of Operations. "Approximately 70% of these new orders are for
military products. Most importantly, some of the orders are now expected on an
annual basis for the next 5 years."
Omni-Lite is continuing to complete the development of two additional
components for the U.S. Military. Some of these components are expected to
enter the testing phase in the next couple of months. If successful,
production could begin on these components in the fourth quarter of 2009.
The remainder of the orders announced are for sports and recreational
products that the Company has been manufacturing for the last 15 years and for
aerospace products that are utilized in a wide range of modern aircraft.
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:
email@example.com; Website: www.omni-lite.com