CERRITOS, CA, June 23, 2014 /CNW/ - Omni-Lite Industries Canada Inc.
("Omni-Lite) is pleased to announce the appointment of Charles Samkoff
to the Board of Directors.
"Chuck Samkoff has had a long-standing relationship with Omni-Lite and
as a result has a deep understanding of the needs and requirements of
the Company," stated David F. Grant, CEO and Chairman of the Board of
Directors. "Chuck also has a broad understanding of the aerospace,
defense, and industrial marketplaces and the personal relationships
among the many players in these market segments, strengths that
Omni-Lite requires to get to the next level of success."
Mr. Samkoff is currently Managing Director and Head of the Mergers and
Acquisitions Group at Cypress Partners LLC, an affiliate of Cypress
Associates LLC ("Cypress"). Mr. Samkoff has been in the investment
banking industry for over 20 years. From 1998 until joining Cypress in
2004, he was a Managing Director in CIBC World Markets' Mergers and
Acquisitions Group overseeing the Defense/Aerospace, Communications and
Industrial M&A Groups. Mr. Samkoff joined CIBC World Markets as a
senior member of a core team of M&A bankers mandated to build CIBC
World Markets' M&A franchise. During his leadership tenure, CIBC World
Markets' M&A Group ranked as one of the fastest growing M&A practices
on Wall Street.
Mr. Samkoff has advised corporate and institutional clients on numerous
mergers, acquisitions, divestitures, joint ventures, hostile defenses
and corporate restructurings in many sectors, while working with a
number of the largest financial private equity and hedge fund firms.
The value of these transactions would have an aggregate value in excess
of US$70.0 billion.
Before joining CIBC World Markets, Mr. Samkoff was a Vice President in
the Mergers and Acquisition Group at Rothschild Inc. Mr. Samkoff also
held positions at Smith Barney, Goldmark Partners Ltd., and Cushman &
Mr. Samkoff is a graduate of Fordham University, Graduate School of
Business, where he earned his M.B.A. with Honors. He earned his
undergraduate degree from the University of Denver.
In accordance with the policies of the TSX Venture Exchange and subject
to its approval, the board of directors has approved a grant of 50,000
stock options to Mr. Samkoff to purchase common shares pursuant to its
stock option plan. These options vest equally over a period of 3 years
and are exercisable on or before June 19, 2019 at an exercise price of
$0.82 per common share.
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