Business
Omni-Lite receives new orders in the Military, Automotive, Sports and Recreational and Automotive Divisions
OML-TSX VENTURE CERRITOS, CA, Aug. 12 /CNW/ - Omni-Lite is pleased to announce that it has receiv...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Aug. 12 /CNW/ - Omni-Lite is pleased to announce that it\nhas received several new orders in the Military, Automotive, Sports and\nRecreational and Aerospace Divisions. The total value of these orders is\napproximately $1,052,000 US. Of particular significance, $700,000 of these\norders were in the Military Division, an area of potential rapid growth for\nthe foreseeable future. Several additional orders were received in the\nSpeciality Automotive Division, some of which support large agricultural\nequipment manufacturers. "With these new orders the backlog of the Company is\ncontinuing to grow, providing more visibility into the Company's performance\nover the next few quarters," stated Allen W. Maxin, Vice-President of\nOperations. "In addition, the Company is continuing the aggressive development\nof several new products which could be commercialized in the next few months.\nSome of these programs are considerably larger than programs undertaken by the\nCompany historically and could require the expansion of the Company beyond\nwhat is contemplated in the Vision 2015 Growth Strategy adopted by the Board\nof Directors in February 2008."\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\nINFORMATION CONTAINED HEREIN.\n\n\n","length":1927,"tagName":"div"}]