OML-TSX VENTURE
CERRITOS, CA, Nov. 7 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce that it has received several new orders in the Aerospace, Military and Speciality Automotive Divisions. The total value of these orders is approximately $425,000US ($501,000 CDN).
"The majority of these programs are in the Aerospace division of the Company," stated Tim Wang, CFO. "The continuing strength of the Company's aerospace products demonstrates the industry's continued interest in the many components produced at Omni-Lite for modern composite aircraft."
The Company has received a purchase order for one of the components for which first article approval was obtained in October. This product is now in production. The Company anticipates that additional components will move into full-scale commercial production in November and December of this year.
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.