CERRITOS, CA, Sept. 26 /CNW/ - OML is pleased to announce that it has
received several new orders in the Military, Aerospace, Automotive, and Sports
and Recreation divisions. The total value of these orders is approximately
$1.7 million US. Of particular significance, the Company has seen year-to-year
growth in the Military division of approximately 182%, highlighted by a 243%
increase in sales of one component and a 161% increase in sales of another
component. The total value of sales in the Military division accounts for
approximately 38% of the Company's fiscal year sales to date.
"In the past two months, the Company has seen significant new orders in
all divisions. These orders are being lead by an increase in the military
activities of the Company," stated Paul A. Burkey, President and COO. "The
extensive research efforts that the Company expended in 2006 are starting to
show benefits. To further this growth, Omni-Lite is investing heavily in the
research and development of new projects that could benefit the Company in the
near future. Military sales associated with Company's past and future
development programs are expected to remain strong for the next several
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. 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