LOS ANGELES, CALIFORNIA, May 25, 2022 (GLOBE NEWSWIRE) -- First Quarter Fiscal 2022 Revenue of US$2.4 million, compared to US$1.3 million in the First Quarter Fiscal Year 2021; Organic Growth Rate of approximately 8%Adjusted EBITDA(1) Improvement of 17%, on a Quarterly Sequential BasisBacklog at US$2.5 million, an Increase of 7% from December 31, 2021Issued 1 million Common Shares in a Private Placement Generating Proceeds of US$986,000Cash balance of US$3.2 million and Debt-Free Balance Sheet T
Fourth Quarter Fiscal 2021 Highlights Revenue of US$1.7 million, Up 29% Year-over-YearClosed Sale/Leaseback of its California Facility, Generating Gross Proceeds of US$6.6 millionAcquired Design Precision Castings (“DP Cast”) for Stock and Cash ConsiderationEnded Quarter with Cash Balance of approximately US$2.4 million, and Debt-FreeBookings of US$1.3 million up 39% over Year Ago; Quarter Year End Backlog of US$2.3 million Fiscal Year 2021 Highlights Fiscal 2021 Revenue of US$5.8 million, Down
LOS ANGELES, CALIFORNIA, Feb. 04, 2022 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (“Omni-Lite” or the “Company”) (TSXV: OML OTCQX: OLNCF) is pleased to announce, further to its press release issued on December 20, 2021, it has completed a private placement offering for aggregate gross proceeds of C$1,250,000 (the "Offering"). Pursuant to the Offering, the Company issued an aggregate of 1,000,000 common shares of the Company at a price of C$1.25 per common share to Candeco Realty Limite