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Omni-Lite announces third order in the military division and receives the forecast for a critical new green diesel program
Omni-Lite announces third order in the military division and receives the forecast for a critical...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\nOmni-Lite announces third order in the military division and receives the forecast for a critical new green diesel program\n\n\n May 20, 2009 (Baystreet.ca) -- CERRITOS, CA -- Omni-Lite Industries Canada Inc. (TSX.V: OML) is pleased to announce that it has received a third order for the product line mentioned in the press releases of May 6 and May 8, 2009. This latest order is for approximately $162,400 CDN ($140,000 US). \"This is third order for this product line in the last 14 days,\" stated Allen E. Maxin, VP of Operations. \"This brings the total value of these orders to approximately $1,565,000 CDN ($1,349,000 US).\n\nOmni-Lite is also pleased to note that it has received notification of the production schedule for a new green diesel component. This program has been in the R and D phase for approximately 24 months. The Company entered production on May 11, 2009 after the first purchase order was received and delivered the required product on May 15, 2009. Based on the schedule received by the Company, additional purchase orders are expected in the late second quarter and early third quarter. \"Production should reach about 450,000 components per month by January 2010,\" stated Paul A. Burkey, President and COO. \"This program will add to the Company's revenue stream for the next several years. The customer expects the program to increase to approximately 750,000 components per month as it reaches peak production in the next couple of years.\" \nOmni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by 50 companies including Boeing, Airbus, Alcoa, Chrysler, the U.S. Military, Nike, adidas and Reebok. \nExcept 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. \nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN. \nSOURCE: Omni-Lite Industries Canada Inc. \nMr. Tim Wang, CFO, Tel. No. (562) 404-8510 or (800) 577-6664 (Canada and USA), Fax. No. (562) 926-6913, email: [email protected], Website: www.omni-lite.com \n\n\n\n","length":2433,"tagName":"div"}]