OML-TSX VENTURE
CERRITOS, CA, Jan. 18 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to report that revenue in fiscal 2007 was approximately $6.92 million (U.S.), an increase of 38 percent over fiscal 2006.
The record revenue was largely driven by growth in the Military and Aerospace divisions. Sales in the Military division accounted for approximately 42 percent of total revenue in fiscal 2007. The Aerospace division represented approximately 25 percent of total revenue.
"The record revenue in 2007 was one of the results of implementing the Vision 2010 plan," stated Paul Burkey, President and COO. "In 2007, many improvements in coordination and efficiency were realized through the efforts of our employees, suppliers, and customers."
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.