CERRITOS, CA, Jan. 25, 2013 /CNW/ - Omni-Lite Industries is pleased to
announce that it has received several new orders since the last press release
of December 11, 2012. The total value of these orders is approximately
$832,000 US. Of these new orders, approximately 81 percent are in the
Specialty Automotive division, 17 percent are in the Aerospace division and 2
percent are in the Sports and Recreation division.
"In the last six months, the Company has seen rapid growth in the sales booked
in both the Aerospace and Specialty Automotive divisions. In both divisions,
annual growth is expected to exceed 25% in 2013. In the Aerospace division,
these increased sales are directly related to the increased number of
commercial aircraft scheduled for delivery in the next few years. On the
automotive side, the increased sales volumes can be attributed to the
importance of green technologies in the diesel engine marketplace and the
introduction, by Omni-Lite, of new components to support the automotive brake
industry," stated Allen W. Maxin, President. "In the Military division, the
Company is making rapid progress on the final development of two military
components utilizing the new patent pending OD PLUS technology introduced in
late 2012. The Company expects to submit one component for first article
approval in early February and the other for first article approval in late
Omni-Lite Industries Canada Inc. is also pleased to announce that revenues for
fiscal 2012 were approximately $5,370,000 US ($5,351,850 CAD).
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company
that develops and manufactures precision components utilized by several
Fortune 500 Companies including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg
Warner, Chrysler, the U.S. Military, Nike, and adidas.
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
Mr. David Grant, CEO Tel. No. (562) 404-8510 x107 or (800) 577-6664 (Canada
and USA) Fax. No. (562) 926-6913, email:email@example.com
SOURCE: Omni-Lite Industries Canada Inc.
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-0- Jan/25/2013 13:30 GMT
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