CERRITOS, CA, Aug. 12 /CNW/ - Omni-Lite is pleased to announce that it
has received several new orders in the Military, Automotive, Sports and
Recreational and Aerospace Divisions. The total value of these orders is
approximately $1,052,000 US. Of particular significance, $700,000 of these
orders were in the Military Division, an area of potential rapid growth for
the foreseeable future. Several additional orders were received in the
Speciality Automotive Division, some of which support large agricultural
equipment manufacturers. "With these new orders the backlog of the Company is
continuing to grow, providing more visibility into the Company's performance
over the next few quarters," stated Allen W. Maxin, Vice-President of
Operations. "In addition, the Company is continuing the aggressive development
of several new products which could be commercialized in the next few months.
Some of these programs are considerably larger than programs undertaken by the
Company historically and could require the expansion of the Company beyond
what is contemplated in the Vision 2015 Growth Strategy adopted by the Board
of Directors in February 2008."
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