OML-TSX VENTURE
CERRITOS, CA, April 15 /CNW/ - Omni-Lite Industries Inc. is pleased to announce that it has received additional orders in the Military, Aerospace and Automotive Divisions. The total value of these orders is approximately $470,000 US. Of particular significance, is a new Military contract that complements the programs previously announced. Through these initiatives, Omni-Lite is now in a critical position with regard to several modernization efforts underway in the US Army and Marine Corps. Many of these complex programs are ideally suited to the sophisticated design, engineering, production and quality systems resident at Omni-Lite.
The Company is also pleased to announce that revenues for Q1 2008 exceeded $1,963,000, an increase of 20% from revenues in the same fiscal period of 2007. "The record revenues of 2007 have been followed by record revenues in Q1 of 2008," stated Tim Wang, CFO. "Given the backlog at hand, it is anticipated that 2008 will be another year of record revenue at the Company."
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.