OML-TSX VENTURE
CERRITOS, CA, Oct. 2 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce that total revenues in the third quarter of 2007 were approximately $2,040,000 US. This record revenue was largely driven by an increase in sales in the Military division of the Company. As of the end of September, sales in the Military division accounted for 39% of total revenues in fiscal 2007 while sales in the Aerospace division accounted for 27% of total revenue. The Sports and Recreation division accounted for 17% of revenue and the Automotive division accounted for 13% of revenue.
"This record revenue in Q3 boosts revenues to date in fiscal 2007 to approximately $5.07 million US, equaling total revenues for all of 2006," stated Tim Wang, CFO. "With the existing backlog for Q4, Omni-Lite will have a record year for 2007."
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by 100 companies including Boeing, Airbus, Alcoa, Chrysler, the U.S. Military, Nike, adidas and Reebok.
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
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