CERRITOS, CA, July 4 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to announce that it has completed the strategic review initiated in
August 2007. In reviewing the results of this comprehensive assessment, the
Board of Directors has concluded that the Company's growth potential would
most likely be maximized through executing the organic strategy contemplated
in the Vision 2015 program, adopted at the Board meeting in February 2008.
"The recent financial performance of the Company highlights strong future
growth trends," stated David F. Grant, Chairman and CEO. "Many of the programs
currently underway at Omni-Lite are of a size significantly larger than
previous programs undertaken by the Company." The Company would like to take
this opportunity to thank all those that contributed to the study,
particularly Cypress Associates LLC of New York. The results of this program
will prove useful as the Company moves ahead in its strategic plan.
The Board of Directors will continue to monitor and access evolving
opportunities to maximize shareholder value.
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