<SEC-DOCUMENT>0001376474-16-000658.txt : 20160420
<SEC-HEADER>0001376474-16-000658.hdr.sgml : 20160420
<ACCEPTANCE-DATETIME>20160420160844
ACCESSION NUMBER:		0001376474-16-000658
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160420
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160420
DATE AS OF CHANGE:		20160420

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Omega Flex, Inc.
		CENTRAL INDEX KEY:			0001317945
		STANDARD INDUSTRIAL CLASSIFICATION:	HEATING EQUIP, EXCEPT ELEC & WARM AIR & PLUMBING FIXTURES [3430]
		IRS NUMBER:				231948942
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51372
		FILM NUMBER:		161581466

	BUSINESS ADDRESS:	
		STREET 1:		451 CREAMERY WAY
		CITY:			EXTON
		STATE:			PA
		ZIP:			19341
		BUSINESS PHONE:		610-524-7272

	MAIL ADDRESS:	
		STREET 1:		451 CREAMERY WAY
		CITY:			EXTON
		STATE:			PA
		ZIP:			19341
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>oflx_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
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<TITLE>Form 8-K</TITLE>
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<DIV style='margin-left:72pt;width:476.65pt'>
<P align=center style='font:12pt Times New Roman;margin:0'><B>UNITED STATES</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:14pt'><B>WASHINGTON, DC &nbsp;20549</B></FONT></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:18pt Times New Roman;margin:0'><B>FORM 8-K</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'>CURRENT REPORT</P>
<P align=center style='font:12pt Times New Roman;margin:0'>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align='center' style='border-collapse:collapse'><TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>Date of Report (Date of earliest event reported): <U>April 20, 2016</U></P></TD></TR>
</TABLE><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:14pt'><B><U>OMEGA FLEX, INC</U>.</B></FONT></P>
<P align=center style='font:12pt Times New Roman;margin:0'>(Exact name of registrant as specified in charter)</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align='center' style='border-collapse:collapse;width:444.25pt'><TR><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD><TD valign='bottom' style='width:156.25pt;padding-left:5.75pt;padding-right:5.75pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD></TR>
<TR><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><P style='font:12pt Times New Roman;margin:0'>Pennsylvania</P></TD><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><P align=center style='font:12pt Times New Roman;margin:0'>000-51372</P></TD><TD valign='bottom' style='width:156.25pt;padding-left:5.75pt;padding-right:5.75pt;border-bottom:0.5pt solid #000000'><P align=right style='font:12pt Times New Roman;margin:0'>23-1948942&#160;&#160;&#160;&#160;&#160;&#160;&#160;</P></TD></TR>
<TR><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><P style='font:12pt Times New Roman;margin:0'>(State or other</P></TD><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><P align=center style='font:12pt Times New Roman;margin:0'>(Commission</P></TD><TD valign='bottom' style='width:156.25pt;padding-left:5.75pt;padding-right:5.75pt;border-top:0.5pt solid #000000'><P align=right style='font:12pt Times New Roman;margin:0'>(I.R.S. Employer&#160;&#160;</P></TD></TR>
<TR><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt'><P style='font:12pt Times New Roman;margin:0'>jurisdiction of</P></TD><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt'><P align=center style='font:12pt Times New Roman;margin:0'>File Number)</P></TD><TD valign='bottom' style='width:156.25pt;padding-left:5.75pt;padding-right:5.75pt'><P align=right style='font:12pt Times New Roman;margin:0'>Identification No.)</P></TD></TR>
<TR><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt'><P style='font:12pt Times New Roman;margin:0'>incorporation)</P></TD><TD valign='bottom' style='width:144pt;padding-left:5.75pt;padding-right:5.75pt'><P align=right style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD><TD valign='bottom' style='width:156.25pt;padding-left:5.75pt;padding-right:5.75pt'><P align=right style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD></TR>
</TABLE><P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'>451 Creamery Way</P>
<P align=center style='font:12pt Times New Roman;margin:0'><U>Exton, Pennsylvania &nbsp;19341</U></P>
<P align=center style='font:12pt Times New Roman;margin:0'>(Address of Principal Executive Offices)</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align='center' style='border-collapse:collapse'><TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>Registrant&#8217;s telephone number, including area code: &nbsp;<U>610-524-7272</U></P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>_______________________________________________________________________________</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P align=center style='font:12pt Times New Roman;margin:0'>(Former name or former address, if changed since last report.)</P></TD></TR>
</TABLE><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align='center' style='border-collapse:collapse'><TR><TD valign='top' style='width:487.45pt'><P align=justify style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions</B>:</FONT></P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act </P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;(17 CFR 240.14d-2(b))</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'>[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act </P></TD></TR>
<TR><TD valign='top' style='width:487.45pt'><P style='font:12pt Times New Roman;margin:0'> &nbsp;&nbsp;&nbsp;(17 CFR 240.13e-4(c))</P></TD></TR>
</TABLE><P style='font:12pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<HR style='page-break-after:always' size=5 color='#000000'>
<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'><I>INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS - This report and the exhibit or exhibits attached hereto, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to management&#8217;s good faith expectations and beliefs, which are subject to inherent uncertainties which are difficult to predict, and may be beyond the ability of the Company to control. &nbsp;Forward-looking statements are made based upon management&#8217;s expectations and belief concerning future developments and their potential effect upon the Company. &nbsp;There can be no assurance that future developments will be in accordance with management&#8217;s expectations or that the effect of future developments on the Company will be those anticipated by management.</I></P>
<P align=justify style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0'><kbd style='width:36pt;float:left;margin-bottom:-3px;font-family:"Times New Roman"'>&nbsp;</kbd><I>The words &#8220;believes,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;anticipates,&#8221; &#8220;hopes,&#8221; &#8220;likely,&#8221; &#8220;will,&#8221; and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company (or entities in which the Company has interests), or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements.</I></P>
<P align=justify style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0'><kbd style='width:36pt;float:left;margin-bottom:-3px;font-family:"Times New Roman"'>&nbsp;</kbd><I>Readers are cautioned not to place undue reliance on these forward-looking statements which reflect management&#8217;s view only as of the date of this Form 8-K. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, conditions or circumstances. &nbsp;For additional information about risks and uncertainties that could adversely affect the Company&#8217;s forward-looking statements, please refer to the Company&#8217;s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2015.</I></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'><B><U>ITEM 2.02. &nbsp;RESULTS OF OPERATIONS AND FINANCIAL CONDITION</U></B></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'>On April 20, 2016, Omega Flex, Inc. (the &#8220;Company&#8221;) issued a press release reporting its results for the three months ended March 31, 2016. &nbsp;A copy of the earnings release issued by the Company with respect to these matters is attached hereto as Exhibit 99.1 and incorporated herein by reference. </P>
<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'>The information in the earnings release and in this Item 2.02 is &#8220;furnished&#8221; and not &#8220;filed&#8221; for purposes of Section 18 of the Securities and Exchange Act of 1934, or otherwise subject to the liabilities of that section. &nbsp;Such information may be incorporated by reference in another filing under the Securities and Exchange Act of 1934 or the Securities Act of 1933 only if, and to the extent that, such subsequent filing specifically references such information.</P>
<P style='font:12pt Times New Roman;margin:0;text-indent:36pt'>&nbsp;</P>
<HR style='page-break-after:always' size=5 color='#000000'>
<P style='font:12pt Times New Roman;margin:0'><B><U>ITEM 7.01. REGULATION FD DISCLOSURE</U></B></P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'>The information included in Item 2.02 of this Form 8-K, including the press release attached as Exhibit 99.1, is incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD. This information is &#8220;furnished&#8221; and not &#8220;filed&#8221; for purposes of Section 18 of the Securities and Exchange Act of 1934, or otherwise subject to the liabilities of that section. &nbsp;It may be incorporated by reference in another filing under the Securities and Exchange Act of 1934 or the Securities Act of 1933 only if, and to the extent that, such subsequent filing specifically references the information incorporated by reference herein.</P>
<P style='font:12pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:12pt Times New Roman;margin-top:12pt;margin-bottom:12pt'><B><U>ITEM 9.01. &nbsp;FINANCIAL STATEMENT AND EXHIBITS</U></B></P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><kbd style='float:left;margin-bottom:-3px;margin-left:-18pt;width:18pt;font-family:"Times New Roman"'>a)</kbd>none</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><kbd style='float:left;margin-bottom:-3px;margin-left:-18pt;width:18pt;font-family:"Times New Roman"'>b)</kbd>none</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'><kbd style='float:left;margin-bottom:-3px;margin-left:-18pt;width:18pt;font-family:"Times New Roman"'>c)</kbd>The following document is filed herewith as an exhibit to this Form 8-K:</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0;margin-left:36pt'>Exhibit 99.1 - Earnings Release</P>
<HR style='page-break-after:always' size=5 color='#000000'>
<P align=center style='font:12pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:12pt Times New Roman;margin:0'><kbd style='width:36pt;float:left;margin-bottom:-3px;font-family:"Times New Roman"'>&nbsp;</kbd>In accordance with the requirements of the Exchange Act, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>OMEGA FLEX, INC.</B></P>
<P align=center style='font:12pt Times New Roman;margin:0'>(Registrant)</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style='border-collapse:collapse'><TR><TD valign='top' style='width:221.4pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD><TD valign='top' style='width:243pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD></TR>
<TR><TD valign='top' style='width:221.4pt'><P style='font:12pt Times New Roman;margin:0'>Date: April 20, 2016</P></TD><TD valign='top' style='width:243pt'><P style='font:12pt Times New Roman;margin:0'>By: /s/ Kevin R. Hoben</P></TD></TR>
<TR><TD valign='top' style='width:221.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:8pt;'>&nbsp;</font></P></TD><TD valign='top' style='width:243pt;border-bottom:0.5pt solid #000000'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:8pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='top' style='width:221.4pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD><TD valign='top' style='width:243pt;border-top:0.5pt solid #000000'><P style='font:12pt Times New Roman;margin:0'>Kevin R. Hoben</P></TD></TR>
<TR><TD valign='top' style='width:221.4pt'><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P></TD><TD valign='top' style='width:243pt'><P style='font:12pt Times New Roman;margin:0'>President and Chief Executive Officer</P></TD></TR>
</TABLE><P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>oflx_ex99z1.htm
<DESCRIPTION>FIRST QUARTER EARNINGS RELEASE
<TEXT>
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<TITLE>First Quarter Earnings Release</TITLE>
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<DIV style='margin-left:72pt;width:468pt'>
<P align=right style='font:12pt Times New Roman;margin:0'>Exhibit 99.1</P>
<P style='font:12pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:26pt'><B>OMEGA FLEX, INC.</B></FONT></P>
<P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:9pt;color:#C0C0C0'><B>Manufacturer of flexible metal hose and gas piping products</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P>
<P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P>
<P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P>
<TABLE style='border-collapse:collapse'><TR><TD valign='top' style='width:239.4pt'><P style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>Exton, Pennsylvania</B></FONT></P></TD><TD valign='top' style='width:239.4pt'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>Contact: &nbsp;Kevin R. Hoben</B></FONT></P></TD></TR>
<TR><TD valign='top' style='width:239.4pt'><P style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>April 20, 2016</B></FONT></P></TD><TD valign='top' style='width:239.4pt'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>(610) 524-7272</B></FONT></P></TD></TR>
</TABLE><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P>
<P align=center style='font:12pt Times New Roman;margin:0'><font style='font-size:14pt;'>&nbsp;</font></P>
<P align=center style='font:12pt Times New Roman;margin:0'><font style='font-size:14pt;'>&nbsp;</font></P>
<P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:14pt'><B>PRESS RELEASE</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P>
<P style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>Omega Flex, Inc today reported its results of operations for the Three Months Ended March 31, 2016:</B></FONT></P>
<P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P>
<P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P>
<TABLE style='border-collapse:collapse;width:432.9pt'><TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=center style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD colspan='3' valign='bottom' style='width:180pt'><P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>OMEGA FLEX, INC. (OFLX)</B></FONT></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=center style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD colspan='3' valign='bottom' style='width:180pt'><P align=center style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=center style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD colspan='3' valign='bottom' style='width:180pt'><P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>Three Months Ended March 31,</B></FONT></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:0.5pt solid #000000'><P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>2016</B></FONT></P></TD><TD valign='bottom' style='width:18pt'><P align=center style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:0.5pt solid #000000'><P align=center style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'><B>2015</B></FONT></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:0.5pt solid #000000'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:0.5pt solid #000000'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>Net Sales</FONT></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>$&#160;20,626,000&#160;&#160;&#160;</FONT></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>$&#160;20,973,000&#160;&#160;&#160;</FONT></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>Net Income attributable to Omega Flex, Inc.</FONT></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>$&#160;2,643,000&#160;&#160;&#160;</FONT></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>$&#160;3,143,000&#160;&#160;&#160;</FONT></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>Earnings Per Share - Basic and Diluted</FONT></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>$&#160;0.26&#160;&#160;&#160;</FONT></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>$&#160;0.31&#160;&#160;&#160;</FONT></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>Weighted Average Shares - Basic and Diluted </FONT></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>10,091,822&#160;&#160;&#160;</FONT></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-bottom:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><FONT style='font-size:10pt'>10,091,822&#160;&#160;&#160;</FONT></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt;border-top:3px double #000000'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
<TR><TD valign='bottom' style='width:203.4pt'><P style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:49.5pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:18pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD><TD valign='bottom' style='width:81pt'><P align=right style='font:12pt Times New Roman;margin:0'><font style='font-size:10pt;'>&nbsp;</font></P></TD></TR>
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<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'><kbd style='width:36pt;float:left;margin-bottom:-3px;font-family:"Times New Roman"'>&nbsp;</kbd><B>Kevin R. Hoben, President and CEO</B>, announced that the Company&#8217;s Net Sales for the first quarter of 2016 were $20,626,000, largely equivalent to the first quarter of 2015, which had Net Sales of $20,973,000.&#160;&#160;&#160; The flat level of sales was caused in part by customer purchases in the fourth quarter of 2015 to achieve higher annual rebate payouts, which drew in some sales from the first quarter of 2016.&#160; This was apparent during the latter half of the quarter which showed solid growth over the prior year.</P>
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<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'>The Company&#8217;s Net Income for the first three months of 2016 was $2,643,000 compared to $3,143,000 recognized during the same quarter last year, decreasing $500,000 or 15.9%.&#160; The Company experienced an increase in administrative expenses during the first quarter of 2016, mostly legal in nature, which contributed to the decrease in income, and this level of spending may continue into the second quarter.</P>
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<P align=justify style='font:12pt Times New Roman;margin:0;text-indent:36pt'><FONT style='font-size:10pt'><I>INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS &#8211;&nbsp;This news release contains forward-looking statements, which are subject to inherent uncertainties which are difficult to predict, and may be beyond the ability of Omega Flex to control. &nbsp;Certain statements in this news release constitute forward-looking statements with the meaning of the Private Securities Litigation Reform act of 1995, that are not historical facts, but rather reflect Omega Flex&#8217;s current expectations concerning future results and events. &nbsp;The words &#8220;believes,&#8221; &#8220;expects,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;anticipates,&#8221; &#8220;hopes,&#8221; &#8220;likely,&#8221; &#8220;will,&#8221; and similar expressions identify such forward-looking statements. &nbsp;Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Omega Flex (or entities in which Omega Flex has interests) or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. &nbsp;Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management&#8217;s view only as of the date of this news release. &nbsp;Omega Flex undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, conditions or circumstances.</I></FONT></P>
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