Thursday, April 21, 2016 9:49:26 AM
CERRITOS, CA, April 21, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company") (TSXV:OML; OTCQX:OLNCF) is pleased to announce that it has received follow-on orders for the continuation of the large scale military programs initially announced in November 2015. The value of these orders is approximately $1,246,000 US or $1,585,850 CAD at the exchange rate of April 20, 2016.
"The first deliveries begin in May and the shipments are expected to be completed in the fourth quarter of 2016. This condensed time frame may require that the Company put additional equipment on the program as the delivery requirements are up to 60% higher than those of the prior year," stated Allen Maxin, President. "These orders represent a tremendous vote of confidence in the state of the art engineering and manufacturing facility that the Company has built in Southern California and highlight our continued role with the U.S. Military."
Omni-Lite Industries Canada Inc. is a rapidly growing high technology company that develops and manufactures mission critical, precision components utilized by Fortune 500 companies including Boeing, Airbus, Bombardier, Embraer, Ford, Borg Warner, Chrysler, the U.S. Military, and Nike.
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