OML-TSX VENTURE
CERRITOS, CA, Dec. 17 /CNW/ - Omni-Lite is pleased to announce that it has received several new orders in the Military, Aerospace, and Automotive divisions. The total value of these orders is approximately $403,000 US. One of the military orders is of particular significance because it places Omni-Lite at the forefront of a new development for the US Military. "To date in 2007, revenue from military orders shipped to customers is approximately $2.5 million, an increase of 93% over military orders shipped in all of 2006," stated Allen W. Maxin, Vice-President of Operations. "The backlog of orders for military products currently stands at an additional $2.3 million."
In late November, the Company received the second machine ordered as part of the Vision 2010 expansion program. It is anticipated that the third machine will be delivered in late December of this year. At the end of the expansion program, the Company will have 36 cold forging systems, placing it as one of the largest facilities offering these technologies in the world.
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.