Business
Omni-Lite reports record revenue for the third quarter and fiscal year to date and receives new automotive order
Omni-Lite reports record revenue for the third quarter and fiscal year to date and receives new automotive order.
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\n\nOML-TSX VENTURE\n\nCERRITOS, CA, Oct. 3 /CNW/ - Omni-Lite Industries Canada Inc. is pleased\nto announce that revenues for the third quarter of 2006 were approximately\n$1,763,000 US or $1,964,000 CDN, an increase of 32 percent over the same\nperiod in 2005 and a record quarterly revenue for the Company. Revenue for the\nfirst three quarters for fiscal 2006 exceeded $4,107,000 US or $4,576,019 CDN,\nan increase of 25 percent over the same period in 2005 and again a record for\nthe three-quarter period. \"Fourth quarter revenue will begin to show the\nbenefits of the new orders received in the military, sports and recreation,\nautomotive and aerospace areas,\" stated Paul A. Burkey, President and COO.\n\"Omni-Lite is now well diversified and growing in all its main business\nareas.\"\nThe Company is also pleased to announce that it has received a new order\nin the specialty automotive area. This follow on order, from a large existing\ncustomer, has an approximate value of $108,000. These products are expected to\nship in fourth quarter of 2006.\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by approximately 100 companies\nincluding Boeing, Airbus, Alcoa, Daimler-Chrysler, the U.S. Military, Nike,\nadidas 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\n","length":1761,"tagName":"div"}]