Omni-Lite receives new orders in the Sports and Recreation, Aerospace, and Speciality Automotive divisions

About this update from Omni-lite Industries Canada Inc.

[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Oct. 16 /CNW/ - Omni-Lite Industries Canada Inc. is pleased\nto announce that it has received several new orders in the Sports and\nRecreation, Aerospace, and Speciality Automotive divisions. The total value of\nthese orders is approximately $436,000 US ($510,000 CDN). Most of these\nproducts will be delivered in the fourth quarter of 2008.\n\n\n"Total revenue for the first nine months of fiscal 2008 reached a record\nof approximately $6,085,000 US," stated Paul A. Burkey, President and COO.\n"This is an increase of approximately 20% over the same period in 2007.\nRevenue for the third quarter was also a record at approximately $2,066,000.\nOf particular significance, the Company has completed the development of three\nnew components with first article approval expected from the customers this\nmonth. Several other new products are expected to be available for customer\napprovals in November. At this point, the Company is still in the aggressive\nstage of new program development, with an additional 12 new projects in\npipeline. The completion of these programs bodes well for the Company's growth\nin 2009."\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":1899,"tagName":"div"}]

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