CERRITOS, CA, April 21, 2016 /CNW/ - Omni-Lite Industries
Canada Inc. (the "Company") (TSXV:OML; OTCQX:OLNCF) is pleased to
announce that it has received follow-on orders for the continuation
of the large scale military programs initially announced in
November 2015. The value of these
orders is approximately $1,246,000 US
or $1,585,850 CAD at the exchange
rate of April 20, 2016.
"The first deliveries begin in May and the shipments are
expected to be completed in the fourth quarter of 2016. This
condensed time frame may require that the Company put additional
equipment on the program as the delivery requirements are up to 60%
higher than those of the prior year," stated Allen Maxin, President. "These orders
represent a tremendous vote of confidence in the state of the art
engineering and manufacturing facility that the Company has built
in Southern California and
highlight our continued role with the U.S. Military."
Omni-Lite Industries Canada Inc. is a rapidly growing high
technology company that develops and manufactures mission critical,
precision components utilized by Fortune 500 companies including
Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and
Nike.
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.
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.