OML-TSX VENTURE
CERRITOS, CA, Sept. 26 /CNW/ - OML is pleased to announce that it has received several new orders in the Military, Aerospace, Automotive, and Sports and Recreation divisions. The total value of these orders is approximately $1.7 million US. Of particular significance, the Company has seen year-to-year growth in the Military division of approximately 182%, highlighted by a 243% increase in sales of one component and a 161% increase in sales of another component. The total value of sales in the Military division accounts for approximately 38% of the Company's fiscal year sales to date.
"In the past two months, the Company has seen significant new orders in all divisions. These orders are being lead by an increase in the military activities of the Company," stated Paul A. Burkey, President and COO. "The extensive research efforts that the Company expended in 2006 are starting to show benefits. To further this growth, Omni-Lite is investing heavily in the research and development of new projects that could benefit the Company in the near future. Military sales associated with Company's past and future development programs are expected to remain strong for the next several years."
Omni-Lite is a rapidly growing high technology company that develops and manufactures precision components utilized by 100 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.