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Omni-Lite Industries Reports Record Annual Revenues
Omni-Lite Industries Reports Record Annual Revenues Omni-Lite Industries Reports R...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\nOmni-Lite Industries Reports Record Annual Revenues\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nOmni-Lite Industries Reports Record Annual Revenues\nCanada NewsWire\nCERRITOS, CA, Feb. 4, 2016\n\n\n\n♦Fiscal 2015 Revenues Approximately $7,550,000 US♦Production Output Increases 19.5% in Fiscal 2015♦New Bookings of $753,389 US\n\n\n\n\nCERRITOS, CA, Feb. 4, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the \"Company\") (TSXV:OML) (OTCBB:OLNCF) is pleased to note that it has received new contracts in the amount of $753,389 US.  Of these orders, approximately 57% are in the Specialty Automotive division, 37% are in the Aerospace division, and 6% are in the Sports and Recreation division.\n\n\"The Company has recently received orders for two new components in the Aerospace division,\" stated Allen Maxin, President.  \"These components are being developed in conjunction with our large tier one aerospace customers to meet the production scale robotic assembly requirements demanded by the aerospace system integrators.  The Company is also currently negotiating two long term contracts with major tier one aerospace customers.  It is anticipated that these negotiations can be completed in the first quarter.  The Company is continuing to see growth in many of its existing programs as customers prepare for 2016.  Of significance, two automotive customers have notified the Company of increases in production for this year.\"\n\nThe Company's revenues in fiscal 2015 were a record of approximately $7,550,000 US.  In Canadian dollar terms, based on December 31, 2015 exchange rates, 2015 revenues were a record at approximately $10,466,900. \n\nOver the same twelve month period, the Company's production increased by approximately 19.5%.  Of particular significance, military division sales grew to 29% of total sales in fiscal 2015.\n\nThe Company has completed the strategic review program previously announced on September 3, 2015. While Omni-Lite identified and evaluated a range of alte...