Mr. Tim Leybold Joins Omni-Lite as CFO

TSXV: OML
OTCQX: OLNCF

LOS ANGELES, Aug. 9, 2016 /CNW/ - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite")  is pleased to announce that Mr. Tim Leybold has joined the Omni-Lite team as Chief Financial Officer ("CFO").

"Tim has been involved in various TSX and NASDAQ listed companies in his career as an accomplished CFO. His experience with the financial community and several successful acquisition transactions will be invaluable as Omni-Lite enters its next stage of growth," stated David F. Grant, CEO and Chairman of the Board of Directors.

Most recently Mr. Leybold was CFO of Till Capital Ltd. (NASDAQ: TIL; TSXV: TIL) where he led several acquisition transactions leading to the listing of Till shares on the NASDAQ stock exchange. Tim also served as a Director of Till's operating subsidiaries.  Previously he was a CFO with Tatum CFO Partners, and also served as CFO for Port Townsend Paper Corp. and its subsidiary Crown Packaging Ltd., the Port Blakely Companies and RLC Industries.  He began his career as a CPA with an international public accounting firm. Mr. Leybold received his Bachelor of Business Administration degree with honors from University of Portland and Masters in Business Administration degree from University of Oregon.  Pursuant to Omni-Lite's stock option plan and in accordance with the policies and approval of the TSX Venture Exchange, the Board of Directors has approved a grant of 100,000 stock options to Mr. Leybold. These options vest equally over a period of 3 years and are exercisable on or before August 8, 2021 at an exercise price of $1.65 CDN per common share. 

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, Alcoa, Ford, Borg Warner, Chrysler, the U.S. Military and Nike.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Omni-Lite Industries Canada Inc.

Mr. David Grant, Founder, Chairman, and CEO, Tel. No. [phone] or [phone], Fax. No. [phone], email: [email protected], Website: www.omni-lite.com