OML-TSX VENTURE
CERRITOS, CA, July 2 /CNW/ - Omni-Lite Industries Canada Inc. is pleased to announce that the revenue for second quarter 2008 exceeded $2,073,000, an increase of 48% from revenue in the same fiscal period of 2007. This figure is the highest quarterly revenue ever recorded by the Company and brings sales in the first two quarters of fiscal 2008 to approximately $4 million, an increase of 33% over the same period in 2007. This figure is again a record for any two-quarter period in the Company's history.
"The record revenues of Q1 2008 have been followed by record revenues in Q2 of 2008," stated Timothy Wang, Chief Financial Officer. "The business model at Omni-Lite has again shown its resilience and its underlying ability to continue to generate shareholder value. The Company's performance is particularly important given the economic headwinds buffeting the general economy. Critical to this achievement are the high value added engineering design and manufacturing concepts that the Company has developed, coupled with the Company's diversification strategy. The significance of the advanced material technologies that the Company offers could have additional effects on the Company's growth in future periods."
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.