Business
Military orders continue to grow at Omni-Lite
Military orders continue to grow at Omni-Lite.
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Oct. 16 /CNW/ - Omni-Lite is pleased to announce that it\nhas received several new orders in the Military, Aerospace, Automotive and\nSports and Recreation Divisions. The total value of these orders is\napproximately $1.5 million US. These orders are in addition to those announced\nin a press release of September 26, 2007. This brings the combined value of\nthe orders received by the Company in the last ten weeks to approximately\n$3.2 million US. These orders have significantly increased the Company's\nbacklog for the remainder of 2007 and the first nine months of 2008.\n\n\n"To meet the customer requirements of these ongoing programs and to\ncontinue the research and development into the new programs that the Company\nhas undertaken will require the utilization of the new equipment purchased in\nthe Vision 2010 program. To support these efforts, the first six-die\nprogressive cold forging system arrived in the Cerritos facility on October\n10, 2007 and will be commissioned by the end of October. It will be utilized\nin the Aerospace or Military Division of the Company on one of several new\nprojects," stated Allen W. Maxin, VP of Operations Support. "It is clear that\nthe Military and Aerospace Divisions will lead the growth of Omni-Lite for the\nnext couple of years."\n\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 100 companies including Boeing,\nAirbus, Alcoa, Chrysler, the U.S. Military, Nike, adidas and Reebok.\n\n\nExcept for historical information contained herein this document contains\nforward-looking statements. These statements contain known and unknown risks\nand uncertainties that may cause the company's actual results or outcomes to\nbe materially different from those anticipated and discussed herein.\n\n\nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\n\n\nINFORMATION CONTAINED HEREIN.\n\n\n","length":2043,"tagName":"div"}]