Business
Military contract extension for Omni-Lite
Military contract extension for Omni-Lite.
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n\n\nOML-TSX VENTURE EXCHANGE\n\nCERRITOS, CA, Dec. 21 /CNW/ - Omni-Lite Industries Canada Inc. is pleased\nto announce that it has received an extension to the military contract\nannounced on November 3 and November 21, 2005. The contract amount has been\nincreased to approximately US$1,000,000. Under certain conditions, the total\nrevenues of the contract could be approximately US$1,350,000. These products\nare to be delivered within the next seven months.\nTo support the further development and escalation of this program, the\nCompany has ordered four new production machines for delivery within nine\nmonths.\n\"Omni-Lite has seen significant growth in the Military Division in 2005.\nIt is expected that this growth will continue in 2006 and 2007,\" stated Paul\nBurkey, President and COO.\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 140 companies including Boeing,\nAirbus, Alcoa, Daimler-Chrysler, the U.S. Military, Nike, adidas and Reebok.\n\nExcept for historical information contained herein this document contains\nforward-looking statements. These statements contain known and unknown\nrisks and uncertainties that may cause the company's actual results or\noutcomes to be materially different from those anticipated and discussed\nherein.\n\n THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\n INFORMATION CONTAINED HEREIN.\n\n\n\n","length":1510,"tagName":"div"}]