OML - TSX VENTURE
CERRITOS, CA, May 20 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to announce that it has received a third order for the product line mentioned
in the press releases of May 6 and May 8, 2009. This latest order is for
approximately $162,400 CDN ($140,000 US). "This is third order for this
product line in the last 14 days," stated Allen E. Maxin, VP of Operations.
"This brings the total value of these orders to approximately $1,565,000 CDN
Omni-Lite is also pleased to note that it has received notification of
the production schedule for a new green diesel component. This program has
been in the R and D phase for approximately 24 months. The Company entered
production on May 11, 2009 after the first purchase order was received and
delivered the required product on May 15, 2009. Based on the schedule received
by the Company, additional purchase orders are expected in the late second
quarter and early third quarter. "Production should reach about 450,000
components per month by January 2010," stated Paul A. Burkey, President and
COO. "This program will add to the Company's revenue stream for the next
several years. The customer expects the program to increase to approximately
750,000 components per month as it reaches peak production in the next couple
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