Omni-Lite Industries Canada Inc. Declares Dividend
October 31 2011 - 8:30AM
PR Newswire (Canada)
OML-TSX VENTURE CERRITOS, CA, Oct. 31, 2011 /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 15, 2011. The dividend is payable on December 1, 2011.
"After reviewing the Company's positive results in the first half
of the year, 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 sound financial performance
of the Company overall and a review of the large 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 of success 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.
Omni-Lite Industries Canada Inc. CONTACT: Mr. Tim Wang, CFOTel. No.
(562) 404-8510 or (800) 577-6664 (Canada and USA)Fax. No. (562)
926-6913, email: info@omni-lite.comWebsite: www.omni-lite.com
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