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Omni-Lite Industries announces new order in Military division
Omni-Lite Industries announces new order in Military division
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\nOmni-Lite Industries announces new order in Military division\n\n\n May 7, 2009 (Baystreet.ca) -- CERRITOS, CA -- Omni-Lite Industries Canada Inc. (TSX-V: OML) is pleased to announce a new contract in the Military division. This contract is valued at approximately $1,021,000 Million CDN ($875,000 US). The delivery of these components is scheduled to begin in Q2 and must be completed by December 31, 2009.\n\n\"This contract is for a new program that the company has been working on for approximately 18 months,\" stated David F. Grant, Chairman and CEO. \"This order and others expected for this product line will provide more clarity on the future requirements for this component. Delays in final approval of this product line led to lower revenues in Q4 of 2008 and Q1 in 2009.\" \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":1748,"tagName":"div"}]