Omni-Lite reports Q1 revenue increase of 88%, cash flow increase of 95%,
EBITDA increase of 107% and net income increase of 344%

OML-TSX VENTURE

CERRITOS, CA, May 5 /CNW/ - For the quarter ended March 31, 2010, Omni-Lite Industries Canada Inc. is pleased to report that revenue increased by 88 percent, cash flow increased by 95 percent, EBITDA increased by 107 percent and net income increased by 344 percent.

"After two years of intense development, new products in both the Military and Automotive divisions provided strong growth in the first quarter of the year. The Military division grew by 154 percent while the automotive division grew 110 percent," stated Allen W. Maxin, VP of Operations. "The Company is working on several new programs that could lead to continued growth in the next two to three years. These new products, combined with larger orders for the Company's existing product lines, bode well for the remainder of 2010 and beyond."

    
                   Q1 2010 FINANCIAL HIGHLIGHTS (in US $)

    -------------------------------------------------------------------------
    Weighted Average Shares          For the         For the
    Issued And Outstanding:    period ending   period ending
    10,620,854                March 31, 2010  March 31, 2009      % Increase
    -------------------------------------------------------------------------
    Total Revenue                 $1,834,076        $973,902             88%
    -------------------------------------------------------------------------
    EBITDA                          $919,447        $417,237            107%
    -------------------------------------------------------------------------
    Cash flow from operations(1)    $768,309        $393,027             95%
    -------------------------------------------------------------------------
    Net Income                      $482,537        $108,598            344%
    -------------------------------------------------------------------------
    EPS (US)                             .05             .01            344%
    -------------------------------------------------------------------------
    EPS (CDN)                            .05             .01            262%
    -------------------------------------------------------------------------
               All figures are in US dollars except as noted.
         (note: at 3/31/10, $1US = $1.0192 CDN; 3/31/09,
                       $1US = $1.2495 CDN)

    (1) Cash flow from operations is a non-GAAP term requested by the oil and
        gas investment community that represents net earnings adjusted for
        non-cash items including depreciation, depletion and amortization,
        future income taxes, asset write-downs and gains (losses) on sale of
        assets, if any.
    

Earnings per share in Q1 2010 were $0.05 US ($0.05 CDN) compared with $0.01 US ($0.01 CDN) in Q1 of 2009. In Q1, the Military division accounted for 59% of revenue. The Aerospace Division contributed 18% of revenue. The Automotive division represented 15% of sales. The Sports and Recreation division reported 7% of revenue. Commercial activities accounted for 1% of revenue.

Please see www.sedar.com or contact the Company for a copy of the audited 2009 and 2010 Q1 interim Financial Statements and Management Discussion and Analysis.

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.

THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN.

SOURCE Omni-Lite Industries Canada Inc.

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: info@omni-lite.com, Website: www.omni-lite.com

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Omni-Lite Industries Canada Inc.

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