- New bookings of over $500,000 US
- Military order for legacy product
- Company featured in Fox Business Network interview
- OTC Markets interviews Omni-Lite in September newsletter
- Updated Investor Presentation
LOS ANGELES, Sept. 23, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") is pleased to announce new sales orders of over $500,000 US. Of these orders, 33% are in the Specialty Automotive division, 32% are in the Military division, 27% are in the Sports and Recreational division, and 8% are in the Aerospace division. "This brings the total value of the new orders announced in 2016 to over $6.8 million US, or approximately $8.9 million CDN, at the exchange rate of September 22, 2016. Particularly important, the Company has received a new order for one of the components developed for the US Military," stated Allen W. Maxin, President. "This component received an award as one of the top 10 innovations for the US Army in 2010."
The Company is pleased to announce that it will be featured on the Fox Business Network on Saturday September 24, 2016 at 12:00 noon EDT. This TV interview can be found on the Omni-Lite website at www.omni-lite.com. The Company was also featured in the September OTC Markets bulletin. This interview can be found at www.otcmarkets.com/news/newsletter and on the Omni-Lite website.
The Company is also pleased to report an updated Investor Presentation on its website at www.omni-lite.com.
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Alcoa, Ford, Borg Warner, Chrysler, John Deere, the U.S. Military and Nike.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Omni-Lite Industries Canada Inc.
For further information: Mr. Timothy P. Leybold, CFO, Tel. No. (562) 404-8510 or (800) 577-6664, Email: [email protected], Website: www.omni-lite.com