OML-TSX Venture Exchange
CERRITOS, CA, Nov. 3 /CNW/ - Omni-Lite Industries Canada Inc. is pleased
to announce that it has received a contract for the final development and
supply of a widely used military component. The development contract is valued
at $50,000 US. Omni-Lite will submit these components for testing and customer
approval in the first quarter of 2006. It is estimated that sales of this
component, if approved, will add an additional $1,000,000 US to revenues
during the first year of production. This is a significant opportunity for
Omni-Lite.
To support Omni-Lite's commitment to provide "zero defect" products,
Omni-Lite has purchased its third automated 100% inspection system. "We
believe the investment in this type of technology will continue to a
contributing factor to our success and will provide Omni-Lite with many new
opportunities," stated Paul Burkey, President and COO.
Omni-Lite is a rapidly growing high technology company that develops and
manufactures precision components utilized by 140 companies including Boeing,
Airbus, Alcoa, Daimler-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.
Website: www.omni-lite.com
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
