CERRITOS, CA, July 2 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to announce that the revenue for second quarter 2008 exceeded $2,073,000, an
increase of 48% from revenue in the same fiscal period of 2007. This figure is
the highest quarterly revenue ever recorded by the Company and brings sales in
the first two quarters of fiscal 2008 to approximately $4 million, an increase
of 33% over the same period in 2007. This figure is again a record for any
two-quarter period in the Company's history.
"The record revenues of Q1 2008 have been followed by record revenues in
Q2 of 2008," stated Timothy Wang, Chief Financial Officer. "The business model
at Omni-Lite has again shown its resilience and its underlying ability to
continue to generate shareholder value. The Company's performance is
particularly important given the economic headwinds buffeting the general
economy. Critical to this achievement are the high value added engineering
design and manufacturing concepts that the Company has developed, coupled with
the Company's diversification strategy. The significance of the advanced
material technologies that the Company offers could have additional effects on
the Company's growth in future periods."
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