CERRITOS, CA, March 6 /CNW/ - Omni-Lite Industries Canada Inc. 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
$544,000 US. Of particular significance is a new military contract that places
Omni-Lite at the forefront of an ambitious development program for the
U.S. Military. The Company is scheduled to complete this research program by
Oct 30, 2008. If successful in the initial portion of the program, significant
mid and long-term initiatives could develop for the Company. In this effort,
the Company is proposing to utilize one of the patented processes that it
developed for such complex programs. It is unlikely that this program will be
successful without this novel technology.
In addition to these efforts, the Company is developing a new military
component for the large cold forging system being delivered in May 2008.
"This oversized system is well suited for the groundbreaking research
into this military component. The Company feels that significant intellectual
property could be developed in this program," stated Dan Mielke, Manufacturing
Manager. "The project has been underway for approximately 10 months and will
probably require an additional 18 months to complete. The long-term potential
of this program justifies the significant resources that Omni-Lite is
expending on this program."
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. Timothy 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