Business
Omni-Lite Industries Announces New Orders in the Military, Sports and Recreational, and Aerospace Divisions
Omni-Lite Industries Announces New Orders in the Military, Sports and Recreational, and Aerospace...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n Sep. 29, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n CERRITOS, CA, Sept. 29 /CNW/ - Omni-Lite Industries Canada Inc. is\n pleased to announce that it has received several new orders in the\n Military, Sports and Recreational and Aerospace divisions. The total\n value of these orders is approximately $685,000 US ($706,500 CDN). Of\n these new orders, approximately 83 percent are in the Military division,\n 11 percent are in the Sports and Recreational division and 6 percent are\n in the Aerospace division. These orders are in addition to those\n announced on September 15, 2010. This brings the total value of the\n orders announced in the last two weeks to approximately $1,367,000 US\n ($1,410,500 CDN).\n \n\n "Over 50 percent of the orders announced today are for new products that\n the Company has successfully developed over the last 12 months," stated\n Andy S. Bengis, Controller. "The Company expects additional revenue\n streams to commence as other research activities transition into\n production programs over the next three months. One example of this\n progression would be this week's initiation of the production of an\n anti-lock brake component for a large Tier One Automotive Supplier."\n \n\n Omni-Lite is a rapidly growing high technology company that develops and\n manufactures precision components utilized by several Fortune 500\n Companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, John\n Deere, Borg Warner, Chrysler, the U....