OML-TSX VENTURE CERRITOS, CA, Oct. 12 /CNW/ - Omni-Lite Industries Canada Inc. has filed with the TSX Venture Exchange its notice of intention to initiate a normal course issuer bid to purchase, on the open market through the facilities of the TSX Venture Exchange, up to 550,000 common shares. This represents approximately 5 percent of 11,036,053 issued and outstanding shares. The bid is made to invest corporate funds to the best advantage. Purchases pursuant to the bid will be conducted by Sprott Securities Inc. Purchases may begin on October 16, 2006, subject to approval by regulatory authorities. The bid expires on October 15, 2007. Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by approximately 100 companies including Boeing, Airbus, Alcoa, Daimler-Chrysler, the U.S. Military, Nike, and adidas. 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.