CERRITOS, CA, April 26 /CNW/ - Omni-Lite Industries Canada Inc. is
pleased to announce that the Board of Directors have approved a
dividend of two cents (CDN) per share for shareholders of Omni-Lite's
Common Class A shares of record on May 5, 2011. The dividend is payable
on May 18, 2011.
"Given the Company's positive results in the second half of 2010 and the
overall record earnings reported on the audited 2010 financial
statements released last week, the Board of Directors would like to
announce a continuation of the dividend program initiated last year. As
the Company continues to successfully execute its Vision 2015 plan of
growth and development, one of the key benefits will be a focus on
enhanced shareholder value. Given the recent excellent financial
performance of the Company overall and a review of the prospects on the
horizon, the Board is pleased to offer our investors a cash return on
their investment in Omni-Lite," stated David F. Grant, CEO and Chairman
of the Board. "The Management and staff of the Company are proud to
have attained a level where a dividend can continue to be a component
of the value attached to the stock of the Company."
The Board of Directors will continue to review the Company's dividend
policy on a semi-annual basis.
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:
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