OML-TSX VENTURE
CERRITOS, CA, Aug. 12 /CNW/ - Omni-Lite is pleased to announce that it has received several new orders in the Military, Automotive, Sports and Recreational and Aerospace Divisions. The total value of these orders is approximately $1,052,000 US. Of particular significance, $700,000 of these orders were in the Military Division, an area of potential rapid growth for the foreseeable future. Several additional orders were received in the Speciality Automotive Division, some of which support large agricultural equipment manufacturers. "With these new orders the backlog of the Company is continuing to grow, providing more visibility into the Company's performance over the next few quarters," stated Allen W. Maxin, Vice-President of Operations. "In addition, the Company is continuing the aggressive development of several new products which could be commercialized in the next few months. Some of these programs are considerably larger than programs undertaken by the Company historically and could require the expansion of the Company beyond what is contemplated in the Vision 2015 Growth Strategy adopted by the Board of Directors in February 2008."
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.