CERRITOS, CA, Dec. 17 /CNW/ - Omni-Lite is pleased to announce that it
has received several new orders in the Military, Aerospace, and Automotive
divisions. The total value of these orders is approximately $403,000 US. One
of the military orders is of particular significance because it places
Omni-Lite at the forefront of a new development for the US Military. "To date
in 2007, revenue from military orders shipped to customers is approximately
$2.5 million, an increase of 93% over military orders shipped in all of 2006,"
stated Allen W. Maxin, Vice-President of Operations. "The backlog of orders
for military products currently stands at an additional $2.3 million."
In late November, the Company received the second machine ordered as part
of the Vision 2010 expansion program. It is anticipated that the third machine
will be delivered in late December of this year. At the end of the expansion
program, the Company will have 36 cold forging systems, placing it as one of
the largest facilities offering these technologies in the world.
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