Omni-Lite reports record results for Third Quarter 2007



    OMNI-LITE INDUSTRIES CANADA INC.
    OML-TSX VENTURE

    CERRITOS, CA, Oct. 26 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to report record revenue and net income in the first nine months of 2007. In
this period, revenue rose 22 percent, and net income increased by 36 percent,
compared to 2006.
    For the nine months ended September 30, 2007, Omni-Lite Industries Canada
Inc. reported record revenue of $5,083,768 ($5,047,673 CDN), a 22 percent
increase over the corresponding period in 2006. Sales in the Military division
represented 39 percent of revenue in the nine months. The Aerospace division
represented 27 percent of the revenue. The Sports and Recreation division
contributed 18 percent to revenue. The Automotive division brought in
12 percent of revenue. The remaining 4 percent of revenues are from the
Commercial division. The following table summarizes the results of the first
nine months of the fiscal period.
    "The fiscal performance of the first three quarters puts the Company on
track to reach its 2007 goals. We are pleased that the gross margin exceeded
70 percent and the net margin exceeded 30 percent. These metrics illustrate
the leverage possible in the Company's business model," stated David F. Grant,
Chairman of the Board and CEO. "As the Vision 2010 strategy continues to
provide new equipment and trained staff, increased shareholder value should be
created. The Company's growth in the military and aerospace markets follow the
strategy adopted in early part of 2006. The extensive research and development
actively underway at the Company should provide further growth in the years to
come."

    
               2007 FINANCIAL HIGHLIGHTS (in US $) Nine Months

    -------------------------------------------------------------------------
                                       For the nine  For the nine
    Weighted Average Shares            months ended  months ended       %
     Issued And Outstanding:           September 30, September 30,  Increase
     11,082,381                            2007          2006      (Decrease)
    -------------------------------------------------------------------------
    Revenue                              $5,083,768    $4,168,552        22%
    -------------------------------------------------------------------------
    Cash flow from
     operations(1)                       $1,777,067    $1,656,382         7%
    -------------------------------------------------------------------------
    Net Income                           $1,566,297    $1,151,434        36%
    -------------------------------------------------------------------------
    EBITDA                               $2,434,139     1,609,697        51%
    -------------------------------------------------------------------------
    EPS (US)                             $    0.141    $    0.109        29%
    -------------------------------------------------------------------------

               All figures are in US dollars except as noted.
              (note: at 9/30/07, $1US = $0.9929 CDN;
                   9/30/06, $1US = $1.1142 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.

    Revenue in the three month period ended September 30, 2007 was $2,046,733
($2,032,201 CDN), an increase of 12 percent. Cash flow over the same period
was $830,059 ($824,166 CDN). Net income was $706,023 ($701,010 CDN). Earnings
per share in Q3 2007 were $0.06 ($0.06 CDN) compared with $0.04 ($0.04 CDN) in
Q3 2006. In 2007, Omni-Lite repurchased 200,000 common shares through the
Normal Course Issuer Bid.

             SUMMARY OF FINANCIAL HIGHLIGHTS (US $) Three Months

    -------------------------------------------------------------------------
                                      For the three  For the three
    Weighted Average Shares            months ended  months ended       %
     Issued And Outstanding:           September 30, September 30,  Increase
     11,069,659                            2007          2006      (Decrease)
    -------------------------------------------------------------------------
    Revenue                              $2,046,733    $1,823,936        12%
    -------------------------------------------------------------------------
    Cash flow from operations(1)         $  830,059    $  500,283        66%
    -------------------------------------------------------------------------
    Net Income                           $  706,023    $  433,180        63%
    -------------------------------------------------------------------------
    EPS (US)                             $    0.064    $    0.040        60%
    -------------------------------------------------------------------------

              (note: at 9/30/07, $1US = $0.9929 CDN;
                   9/30/06, $1US = $1.1142 CDN)
    

    The Company has continued to add to its revenue stream. In the three
month period ended September 30, 2007, the Military division accounted for
43 percent of revenue. The Aerospace division represented 22 percent of sales.
The Sports and Recreation division reported 20 percent of revenue and the
Automotive division reported a 11 percent contribution. Commercial activities
accounted for 4 percent of revenue.

    Quarterly Information

    The following table summarizes the Company's financial performance over
the last eight quarters.

    ALL FIGURES IN US DOLLARS UNLESS NOTED

    
    -------------------------------------------------------------------------
                                    Sept        June       Mar        Dec
                                   30/2007    30/2007    31/2007    31/2006
    -------------------------------------------------------------------------
    Revenue                       2,046,733  1,403,839  1,633,196    838,509
    -------------------------------------------------------------------------
    Cash Flow from Operations(1)    830,059    324,277    622,731   (165,466)
    -------------------------------------------------------------------------
    Net Income                      706,023    124,174    736,100   (150,122)
    -------------------------------------------------------------------------
    EPS(US)                            .064       .011       .066      (.014)
    -------------------------------------------------------------------------
    EPS(CDN)                           .063       .012       .077      (.016)
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                                    Sept        June       Mar        Dec
                                   30/2006    30/2006    31/2006    31/2005
    -------------------------------------------------------------------------
    Revenue                       1,823,936  1,330,936  1,013,680  1,092,705
    -------------------------------------------------------------------------
    Cash Flow from Operations(1)    500,283    654,887    501,212    424,607
    -------------------------------------------------------------------------
    Net Income                      433,180    377,435    340,819    103,027
    -------------------------------------------------------------------------
    EPS(US)                            .040       .035       .032        .01
    -------------------------------------------------------------------------
    EPS(CDN)                           .047       .040       .037        .01
    -------------------------------------------------------------------------
    

    Please see www.sedar.com or contact the Company for a copy of the
complete financial statements.

    Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by 100 companies including Boeing,
Airbus, Alcoa, Daimler-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:
info@omni-lite.com, Website: www.omni-lite.com

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Omni-Lite Industries Canada Inc.

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