Omni-Lite Industries Canada Inc. Declares Dividend
April 26 2011 - 8:30AM
PR Newswire (Canada)
CERRITOS, CA, April 26 /CNW/ -- CERRITOS, CA, April 26 /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 May 5, 2011. The dividend is payable on May 18, 2011.
"Given the Company's positive results in the second half of 2010
and the overall record earnings reported on the audited 2010
financial statements released last week, the Board of Directors
would like to announce a continuation of the dividend program
initiated last year. 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 overall
and a review of the prospects on the horizon, the Board is pleased
to offer our investors a 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 continue to be a component of the
value attached to the stock of the Company." The Board of Directors
will continue to 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. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/26/c6707.html
p Mr. Tim Wang, CFObr/ Tel. No. (562) 404-8510 or (800)
577-6664 (Canada and USA)br/ Fax. No. (562) 926-6913, email: a
href="mailto:info@omni-lite.com"info@omni-lite.com/a /p p
align="justify" Website: a
href="http://www.omni-lite.com"www.omni-lite.com/a /p
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