- Omni-Lite fastest gainer on the TSX-V with a 47% return year
to date
CERRITOS, CA, Feb. 18, 2015
/CNW/ - Omni-Lite Industries Canada Inc. (TSXV: OML), the "Company"
or "Omni-Lite", is pleased to announce that it has recently passed
the vendor approval requirements of a new large Tier 1 Aerospace
customer based in Southern California. Given the strict
manufacturing and quality requirements of the major airframe
manufacturers, this approval is necessary before this customer can
engage Omni-Lite in the detailed engineering and complex
manufacturing of the products for which the approval was obtained.
The Company is also going through another "New Component" approval
process with a separate existing customer in the Aerospace
industry.
"These potential programs are the result of a dedicated effort
to expand our activities in the aerospace community, which is
benefiting from continued growth worldwide," stated Allen W. Maxin, President.
"As a measure of the success of the Company, Omni-Lite has been
recognized as one of the top 10 gainers in the Globe and Mail,
again this last week (February 14,
2015) for the third time in four weeks. The Company is
now the best performing stock on the TSX Venture Exchange with a
return of over 47% year to date. As reported by the Globe and
Mail, Omni-Lite is also the second fastest growing stock in
Canada if you include both
Exchanges in the TSX family. The Company would like to thank
our customers, shareholders and employees for the team effort in
making this growth possible", stated David
F. Grant, Chairman and CEO.
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.
Reader Advisory
Except for statements of historical fact, this news release
contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information is
frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. In particular, forward-looking information
in this press release includes, but is not limited
to,the expected future performance of the
Company. Although we believe that the expectations reflected
in the forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. We
cannot guarantee future results, performance or achievements.
Consequently, there is no representation that the actual results
achieved will be the same, in whole or in part, as those set out in
the forward-looking information.
Forward-looking information is based on the opinions and
estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those anticipated in the forward-looking
information. Some of the risks and other factors that could cause
the results to differ materially from those expressed in the
forward-looking information include, but are not limited to:
general economic conditions in Canada, the United
States and globally; industry conditions, governmental
regulation, including environmental regulation; unanticipated
operating events or performance; failure to obtain industry partner
and other third party consents and approvals, if and when required;
the availability of capital on acceptable terms; the need to obtain
required approvals from regulatory authorities; stock market
volatility; competition for, among other things, capital, skilled
personnel and supplies; changes in tax laws; and the other
risk factors disclosed under our profile on SEDAR
at www.sedar.com. Readers are cautioned that this list of
risk factors should not be construed as exhaustive.
The forward-looking information contained in this news
release is expressly qualified by this cautionary statement. We
undertake no duty to update any of the forward-looking information
to conform such information to actual results or to changes in our
expectations except as otherwise required by applicable securities
legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Omni-Lite Industries Canada Inc.