Omni-Lite Industries completes strategic review

About this update from Omni-lite Industries Canada Inc.

[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, July 4 /CNW/ - Omni-Lite Industries Canada Inc. is pleased\nto announce that it has completed the strategic review initiated in \nAugust 2007. In reviewing the results of this comprehensive assessment, the\nBoard of Directors has concluded that the Company's growth potential would\nmost likely be maximized through executing the organic strategy contemplated\nin the Vision 2015 program, adopted at the Board meeting in February 2008.\n\n\n"The recent financial performance of the Company highlights strong future\ngrowth trends," stated David F. Grant, Chairman and CEO. "Many of the programs\ncurrently underway at Omni-Lite are of a size significantly larger than\nprevious programs undertaken by the Company." The Company would like to take\nthis opportunity to thank all those that contributed to the study,\nparticularly Cypress Associates LLC of New York. The results of this program\nwill prove useful as the Company moves ahead in its strategic plan.\n\n\nThe Board of Directors will continue to monitor and access evolving\nopportunities to maximize shareholder value.\n\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 50 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":1838,"tagName":"div"}]

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