CERRITOS, CA, April 29 /CNW/ - Omni-Lite Industries Canada Inc. is
pleased to announce that it has received several new orders that continue to
place special emphasis on the Aerospace and Military divisions of the Company.
The total value of these orders is approximately $440,000US ($537,000 CDN). Of
these new orders, approximately 45% are in the Aerospace division and 42% are
in the Military division. The remaining orders are associated with the green
diesel and specialty automotive programs in the Company.
"Of critical importance is a contract the Company has received to
complete the first article acceptance process for a major new military
initiative. It is expected that this milestone will be completed in the next
30 days, after which the product will be approved for production. Several new
orders are anticipated for this product line," stated Allen W. Maxin, VP of
Omni-Lite Industries Canada Inc. is also pleased to announce that
unaudited annual revenue for the first quarter of 2009 was approximately
$974,000 US ($1,188,000 CDN). This represents an increase of approximately 6%
over the Company's internal budget.
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