Omni-Lite Industries reports record revenue in 2007

About this update from Omni-lite Industries Canada Inc.

[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Jan. 18 /CNW/ - Omni-Lite Industries Canada Inc. is pleased\nto report that revenue in fiscal 2007 was approximately $6.92 million (U.S.),\nan increase of 38 percent over fiscal 2006.\n\n\nThe record revenue was largely driven by growth in the Military and\nAerospace divisions. Sales in the Military division accounted for\napproximately 42 percent of total revenue in fiscal 2007. The Aerospace\ndivision represented approximately 25 percent of total revenue.\n\n\n"The record revenue in 2007 was one of the results of implementing the\nVision 2010 plan," stated Paul Burkey, President and COO. "In 2007, many\nimprovements in coordination and efficiency were realized through the efforts\nof our employees, suppliers, and customers."\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":1499,"tagName":"div"}]

More updates from Omni-lite Industries Canada Inc.