Omni-Lite Industries Provides Update on Annual Filings
April 28 2020 - 5:44PM
Omni-Lite Industries Canada Inc. (the “Company” or “Omni-Lite”;
TSXV: OML), a leading developer and manufacturer of mission
critical, precision components utilized by Fortune 100 companies in
the defense and aerospace industries, today announced an update on
the status of the filing of its 2019 year-end financial results and
accompanying management's discussion and analysis for the financial
year ended December 31, 2019 (collectively, the "Annual
Filings"), which are initially required to be filed by April
29, 2020.
On March 23, 2020, the Commission and other
securities regulators substantively harmonized temporary exemptions
from certain regulatory filing requirements that provide issuers
with a 45-day filing extension for filings required on or
before June 1, 2020 to allow issuers the time needed to
focus on the many other business and financial reporting
implications of COVID-19.
Omni-Lite is relying on the Securities
Commission’s (the “Commission”) blanket order ASC 51-517 to
postpone the filing of its Annual Filings (the “Extension”).
Omni-Lite appreciates the Extension afforded by
the Commission and expects to file the Annual Filings on or
before May 15, 2020.
Until the Company has filed and announced the
required Annual Filings, Omni-Lite affirms that members of
management and other insiders are subject to a trading black-out
policy that reflects the principles in section 9 of National Policy
11-207 – Failure-to-File Cease Trade Orders and Revocations in
Multiple Jurisdictions.
There have been no material business
developments since the date of the last interim financial
statements, filed November 19, 2019, other than as announced in the
press releases dated November 25, 2019, December 18, 2019 and March
30, 2020, copies of which are available on SEDAR at
www.sedar.com.
About Omni-Lite Industries Canada
Inc.
Omni-Lite Industries Canada Inc. is an
innovative company that develops and manufactures mission critical,
precision components utilized by Fortune 100 companies in the
aerospace and defence industries.
For further information, please
contact:
Mr. David RobbinsPresident and Chief Executive
OfficerTel. No. (562) 404-8510 or (800) 577-6664Email:
d.robbins@omni-lite.com Website: www.omni-lite.com
Forward Looking Statements
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”, “intent”, “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 consents and approvals, if and when required; 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.
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