CERRITOS, CA, Aug. 28 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to announce that the Board of Directors has authorized the Company to evaluate
a range of strategic alternatives to further enhance corporate growth and
shareholder value. These alternatives may include, but are not limited to,
continued execution of the Company's Vision 2010 Plan and other diverse
strategic or financial opportunities. This evaluation is of particular
importance due to the Company's rapid growth in the Military and Aerospace
Industries. The Company has retained Cypress Associates LLC of New York as its
exclusive financial advisor to assist it in these efforts.
In undertaking this review, the Company wishes to note that there is no
assurance that the exploration of strategic alternatives will result in any
options that are superior to the continued execution of the Vision 2010 Growth
Plan. The Company does not plan to release additional information on this
process until the results have been reviewed and subsequently approved by the
Board of Directors.
Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by 100 companies including Boeing,
Airbus, Alcoa, Daimler-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