Omni-Lite Industries Announces New Orders in the Military, Sports and Recreational, and Aerospace Divisions
September 29 2010 - 8:19AM
PR Newswire (Canada)
CERRITOS, CA, Sept. 29 /CNW/ -- CERRITOS, CA, Sept. 29 /CNW/ -
Omni-Lite Industries Canada Inc. is pleased to announce that it has
received several new orders in the Military, Sports and
Recreational and Aerospace divisions. The total value of these
orders is approximately $685,000 US ($706,500 CDN). Of these new
orders, approximately 83 percent are in the Military division, 11
percent are in the Sports and Recreational division and 6 percent
are in the Aerospace division. These orders are in addition to
those announced on September 15, 2010. This brings the total value
of the orders announced in the last two weeks to approximately
$1,367,000 US ($1,410,500 CDN). "Over 50 percent of the orders
announced today are for new products that the Company has
successfully developed over the last 12 months," stated Andy S.
Bengis, Controller. "The Company expects additional revenue streams
to commence as other research activities transition into production
programs over the next three months. One example of this
progression would be this week's initiation of the production of an
anti-lock brake component for a large Tier One Automotive
Supplier." 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, John Deere, 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. THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR
DISAPPROVES OF THE INFORMATION CONTAINED HEREIN. p
align="justify"Mr. Tim Wang, CFObr/Tel. No. (562) 404-8510 or
(800) 577-6664 (Canada and USA)br/Fax. No. (562) 926-6913, email:
ba href="mailto:info@omni-lite.com"info@omni-lite.com/a/b/p p
align="justify"Website: ba
href="http://www.omni-lite.com/"www.omni-lite.com/a/b/p
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