Business
Omni-Lite reports record revenue in Q2 2008
OML-TSX VENTURE CERRITOS, CA, July 2 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to annou...
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, July 2 /CNW/ - Omni-Lite Industries Canada Inc. is pleased\nto announce that the revenue for second quarter 2008 exceeded $2,073,000, an\nincrease of 48% from revenue in the same fiscal period of 2007. This figure is\nthe highest quarterly revenue ever recorded by the Company and brings sales in\nthe first two quarters of fiscal 2008 to approximately $4 million, an increase\nof 33% over the same period in 2007. This figure is again a record for any\ntwo-quarter period in the Company's history.\n\n\n"The record revenues of Q1 2008 have been followed by record revenues in\nQ2 of 2008," stated Timothy Wang, Chief Financial Officer. "The business model\nat Omni-Lite has again shown its resilience and its underlying ability to\ncontinue to generate shareholder value. The Company's performance is\nparticularly important given the economic headwinds buffeting the general\neconomy. Critical to this achievement are the high value added engineering\ndesign and manufacturing concepts that the Company has developed, coupled with\nthe Company's diversification strategy. The significance of the advanced\nmaterial technologies that the Company offers could have additional effects on\nthe Company's growth in future periods."\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\n\n\nINFORMATION CONTAINED HEREIN.\n\n\n","length":1980,"tagName":"div"}]