OML-TSX VENTURE EXCHANGE
CERRITOS, CA, Dec. 30 /CNW/ - Omni-Lite is pleased to announce that it
has purchased two new progressive forging systems. The total cost of these
systems was approximately US $800,000. These two large systems are in addition
to the four machines mentioned in the press release of December 21, 2005. It
is anticipated that the two large systems will be delivered to Omni-Lite in
early 2006 and operational by February 2006. Both systems will be immediately
utilized to support growth in the Aerospace Division.
This is a unique opportunity to expand the production base of the company
during the current growth cycle being experienced in the Aerospace market.
Normal delivery times for this type of equipment are approximately 14 months.
"The Company's goal is to purchase approximately 16 new progressive
forging systems by 2010," stated Paul Burkey, President and COO. "These first
two systems will help alleviate the growing backlog in the Aerospace
Division."
The Company is also pleased to announce that it has received new
contracts in the Speciality Diesel Automotive Market. Under these contracts
approximately US $50,000 worth of new products will be delivered in the first
quarter of 2006.
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.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE
INFORMATION CONTAINED HEREIN.
