OMNI-LITE INDUSTRIES DECLARES DIVIDEND
October 05 2010 - 8:00AM
PR Newswire (Canada)
CERRITOS, CA, Oct. 5 /CNW/ -- OML - TSX VENTURE CERRITOS, CA, Oct.
5 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce
that the Board of Directors have approved a dividend of two cents
(CDN) per share for shareholders of Omni-Lite's Common Class A
shares of record on November 3, 2010. The dividend is payable on
November 15, 2010. "As the Company continues to successfully
execute its Vision 2015 plan of growth and development, one of the
key benefits will be a focus on enhanced shareholder value. Given
the recent excellent financial performance of the Company and a
review of the prospects on the horizon, the Board is pleased to
offer our investors cash return on their investment in Omni-Lite,"
stated David F. Grant, CEO and Chairman of the Board. "The
Management and staff of the Company are proud to have attained a
level where a dividend can be a component of the value attached to
the stock of the Company." The Board of Directors will review the
Company's dividend policy on a semi-annual basis. 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, 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. Mr.
Tim Wang, CFO, Tel. No. (562) 404-8510 or (800) 577-6664 (Canada
and USA), Fax. No. (562) 926-6913, email: info@omni-lite.com;
Website: www.omni-lite.com
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