CERRITOS, CA, Oct. 2 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to announce that total revenues in the third quarter of 2007 were
approximately $2,040,000 US. This record revenue was largely driven by an
increase in sales in the Military division of the Company. As of the end of
September, sales in the Military division accounted for 39% of total revenues
in fiscal 2007 while sales in the Aerospace division accounted for 27% of
total revenue. The Sports and Recreation division accounted for 17% of revenue
and the Automotive division accounted for 13% of revenue.
"This record revenue in Q3 boosts revenues to date in fiscal 2007 to
approximately $5.07 million US, equaling total revenues for all of 2006,"
stated Tim Wang, CFO. "With the existing backlog for Q4, Omni-Lite will have a
record year for 2007."
Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by 100 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. (562) 404-8510 or (800)
577-6664 (Canada and USA), Fax. (562) 926-6913, email: email@example.com,