Business
Omni-Lite receives new order and declares fourth dividend
Omni-Lite receives new order and declares fourth dividend.
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n\nOMNI-LITE INDUSTRIES CANADA INC.\nOML-TSX VENTURE\n\nCERRITOS, CA, May 15 /CNW/ - Omni-Lite Industries Canada Inc. is pleased\nto announce a new order in the Automotive division valued at $85K. These\ncomponents are for the speciality automotive market and will be utilised in\nlarge diesel engines in the Earthmoving and Transportation industries.\nUpon review of the financial results of 2005, the Board of Directors is\npleased to announce a dividend of two cents (Canadian) per share for\nshareholders of Omni-Lite's common shares of record June 15, 2006. The\ndividend will be payable on June 30, 2006.\n\"Due to the financial performance of the Company in 2005, we are pleased\nto announce this fourth dividend,\" stated David F. Grant, Chairman and CEO.\n\"This cash dividend is intended to complement the gains made in the Company's\nstock price over the last 12 months. In combination, these benefits represent\nsignificant additions to shareholder value which is our focus here at Omni-\nLite.\"\nThe Board of Directors will review the Company's dividend policy on a\nsemi-annual basis.\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 100 companies including Boeing,\nAirbus, Alcoa, Daimler-Chrysler, the U.S. Military, Nike, adidas and Reebok.\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\nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\nINFORMATION CONTAINED HEREIN.\n\n\n","length":1780,"tagName":"div"}]