OMNI-LITE INDUSTRIES CANADA INC. OML-TSX VENTURE CERRITOS, CA, July 7 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce two new contracts in the Military Division. In total, the Company has received five orders for these components within the last two months. The Company is also pleased to announce two new Sports and Recreation contracts. The total value of these four new contracts is approximately $456,000 CDN. The Company is pleased to announce that revenues for the second quarter of 2006 were approximately $1,342,400 US or $1,503,500 CDN, an increase of 33% over the same period in 2005. This performance represents record quarterly revenue for the Company. Revenue for the first two quarters was approximately $2,356,080 US or $2,639,045 CDN, an increase of 22% over the period in 2005 and again a record for the six-month period. "Third quarter revenue will begin to show the very significant technical breakthroughs recently achieved in the large military project started seven months ago," stated Allen W. Maxin, Vice-President of Operations. "Omni-Lite has made a major contribution to the quality and manufacturing efficiency of this product line." At the Annual and Special Shareholders meeting held in Calgary on June 30, 2006, the four resolutions that included electing the Directors, appointing the Auditor, approving the Company's stock option plan and a special resolution authorizing the split of the Company's stock on a two for one basis were passed. Notwithstanding that this special resolution (the stock split) was passed by a margin of approximately 72% of the shareholders that voted, the resolution also authorized the directors to revoke the resolution and not proceed with the stock split if market and other conditions were not deemed favorable to the Company and its shareholders. It is management's perception that a stock split could help to improve the liquidity of the Company's shares, but given the recent downturn in market conditions overall, the timing for a stock split is not favorable. Accordingly, the Directors have decided not to proceed with the stock split until September at the earliest. Omni-Lite Industries will be featured on Market News First at 9:00AM PDT on July 7, 2006. To hear the live interview with David F. Grant, Chairman and CEO, click the "Listen Live!" button at www.mn1.com. The Company will also be featured on the MN1.com home page. 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, 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.