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OMNI-LITE INDUSTRIES REPORTS REVENUE INCREASE OF 87%, CASH FLOW INCREASE OF 140%, EBITDA INCREASE OF 144% AND EARNINGS INCREASE OF 340% FOR Q3 2010
OMNI-LITE INDUSTRIES REPORTS REVENUE INCREASE OF 87%, CASH FLOW INCREASE OF 140%, EBITDA INCREASE...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n Nov. 1, 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\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Nov. 1 /CNW/ - For the nine months ended September 30,\n 2010, Omni-Lite Industries Canada Inc. is pleased to report revenue of\n $5,994,776 US ($6,171,022 CDN), Cash flow from Operations of $2,655,453\n US ($2,733,523 CDN) and EBITDA of $2,885,336 US ($2,970,165 CDN).  Net\n income was $1,598,232 US ($1,645,220 CDN). With the exception of\n revenue, these results all reflect record financial performances for\n the Company. "Again for the first nine months of the year, Omni-Lite\n has provided excellent financial metrics in almost every category,"\n stated David F. Grant, Chairman and CEO. "In addition, the Company has\n completed the research and development on several new projects that\n could lead to significant contracts in 2011 and beyond."\n\n\n2010 NINE MONTHS FINANCIAL HIGHLIGHTS (in US $)\n\n\n\n\nBasic Weighted Average \nShares Issued And \nOutstanding: 10,306,395\n\n\nFor the period \n   ended \nSeptember 30, \n2010\n\n\nFor the period \n   ended \nSeptember 30, \n2009\n\n\n%\nIncrease\n\n\n\n\n\nRevenue\n\n\n\n\n5,994,776\n\n\n3,209,969\n\n\n87%\n\n\n\n\nCash flow from operations(1)\n\n\n2,655,453\n\n\n1,104,318\n\n\n140%\n\n\n\n\nNet Income\n\n\n1,598,232\n\n\n373,998\n\n\n327%\n\n\n\n\nEPS (US)\n\n\n0.16\n\n\n0.04\n\n\n340%\n\n\n\n\nEPS (CDN)\n\n\n0.16\n\n\n0.04\n\n\n317%\n\n\n\n\nAll figures are in US dollars except as n...