Posted: Thursday Aug 25 12:16:19PM 2005
CERRITOS, CA, Aug. 25 /CNW/ - Omni-Lite is pleased to announce that it has received a letter of intent from an existing customer for the development of components in the automotive division for sale to a significant new end user. The new products would be expected to add approximately US$500,000/year to revenue. Under normal product cycles, the program would continue for 5 to 7 years. The purchase order confirming the first deliveries of these products is expected in approximately 1-2 weeks. The Company is also pleased to announce that it has received three new contracts for the engineering development of three new components for an existing aerospace customer. The development contracts are valued at US$67,000. The Company has also submitted the qualification components for an additional transmission part for an existing customer. Qualification is expected to be received in the fourth quarter of 2005.
Posted: Tuesday Aug 23 3:09:10PM 2005
Nice find, Gee, and thank you... : part. in today... Strong resistance at 1.50, then break-out. Today, had avg+ volume. Techs say up. We might see soon 1.90, 2.00 range.