Business
Omni-Lite reports several new orders highlighted by rapid growth in the Military division
Omni-Lite reports several new orders highlighted by rapid growth in the Military division.
About this update from Omni-lite Industries Canada Inc.
[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, Sept. 26 /CNW/ - OML is pleased to announce that it has\nreceived several new orders in the Military, Aerospace, Automotive, and Sports\nand Recreation divisions. The total value of these orders is approximately\n$1.7 million US. Of particular significance, the Company has seen year-to-year\ngrowth in the Military division of approximately 182%, highlighted by a 243%\nincrease in sales of one component and a 161% increase in sales of another\ncomponent. The total value of sales in the Military division accounts for\napproximately 38% of the Company's fiscal year sales to date.\n\n\n"In the past two months, the Company has seen significant new orders in\nall divisions. These orders are being lead by an increase in the military\nactivities of the Company," stated Paul A. Burkey, President and COO. "The\nextensive research efforts that the Company expended in 2006 are starting to\nshow benefits. To further this growth, Omni-Lite is investing heavily in the\nresearch and development of new projects that could benefit the Company in the\nnear future. Military sales associated with Company's past and future\ndevelopment programs are expected to remain strong for the next several\nyears."\n\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 100 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":1953,"tagName":"div"}]