CERRITOS, CA, June 23, 2014 /CNW/ - Omni-Lite Industries Canada Inc. ("Omni-Lite) is pleased to announce the appointment of Charles Samkoff to the Board of Directors.
"Chuck Samkoff has had a long-standing relationship with Omni-Lite and as a result has a deep understanding of the needs and requirements of the Company," stated David F. Grant, CEO and Chairman of the Board of Directors. "Chuck also has a broad understanding of the aerospace, defense, and industrial marketplaces and the personal relationships among the many players in these market segments, strengths that Omni-Lite requires to get to the next level of success."
Mr. Samkoff is currently Managing Director and Head of the Mergers and Acquisitions Group at Cypress Partners LLC, an affiliate of Cypress Associates LLC ("Cypress"). Mr. Samkoff has been in the investment banking industry for over 20 years. From 1998 until joining Cypress in 2004, he was a Managing Director in CIBC World Markets' Mergers and Acquisitions Group overseeing the Defense/Aerospace, Communications and Industrial M&A Groups. Mr. Samkoff joined CIBC World Markets as a senior member of a core team of M&A bankers mandated to build CIBC World Markets' M&A franchise. During his leadership tenure, CIBC World Markets' M&A Group ranked as one of the fastest growing M&A practices on Wall Street.
Mr. Samkoff has advised corporate and institutional clients on numerous mergers, acquisitions, divestitures, joint ventures, hostile defenses and corporate restructurings in many sectors, while working with a number of the largest financial private equity and hedge fund firms. The value of these transactions would have an aggregate value in excess of US$70.0 billion.
Before joining CIBC World Markets, Mr. Samkoff was a Vice President in the Mergers and Acquisition Group at Rothschild Inc. Mr. Samkoff also held positions at Smith Barney, Goldmark Partners Ltd., and Cushman & Wakefield.
Mr. Samkoff is a graduate of Fordham University, Graduate School of Business, where he earned his M.B.A. with Honors. He earned his undergraduate degree from the University of Denver.
In accordance with the policies of the TSX Venture Exchange and subject to its approval, the board of directors has approved a grant of 50,000 stock options to Mr. Samkoff to purchase common shares pursuant to its stock option plan. These options vest equally over a period of 3 years and are exercisable on or before June 19, 2019 at an exercise price of $0.82 per common share.
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.
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. Tim Wang, CFO
Tel. No. (562) 404-8510 or (800) 577-6664 (Canada and USA)
Fax. No. (562) 926-6913, email: [email protected]