OML-TSX VENTURE
CERRITOS, CA, July 4 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce that it has completed the strategic review initiated in August 2007. In reviewing the results of this comprehensive assessment, the Board of Directors has concluded that the Company's growth potential would most likely be maximized through executing the organic strategy contemplated in the Vision 2015 program, adopted at the Board meeting in February 2008.
"The recent financial performance of the Company highlights strong future growth trends," stated David F. Grant, Chairman and CEO. "Many of the programs currently underway at Omni-Lite are of a size significantly larger than previous programs undertaken by the Company." The Company would like to take this opportunity to thank all those that contributed to the study, particularly Cypress Associates LLC of New York. The results of this program will prove useful as the Company moves ahead in its strategic plan.
The Board of Directors will continue to monitor and access evolving opportunities to maximize shareholder value.
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by 50 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.