Wednesday August 26, 4:13 pm Eastern Time
Company Press Release
Liteglow Industries Inc. Announces New Bank Line
POMPANO BEACH, Fla.--(BUSINESS WIRE)--Aug. 26, 1998--Spencer Krumholz, president of Liteglow Industries Inc. (OTCBB:LTGL - news), announced Wednesday that Liteglow has just signed an agreement for a new $400,000 line of credit with Colonial Bank of Florida.
This new revolving credit line will be used for additional merchandise purchases overseas, and as needed for further growth.
In addition, Liteglow has advised that their SEC Attorney, Jonathan Shepard of Siegel, Dunay & Shepard of Boca Raton, Fla., is in the final stages of completion of form 10-SB, which will be filed shortly with the SEC to allow Liteglow to become a fully reporting company.
Liteglow also announced that they are still in negotiations with a California based (American made) line of automotive products, and that Liteglow is hopeful of completing the acquisition sometime later this year.
Liteglow is a manufacturer, designer and importer of products for the automotive and electronics specialty markets. The U.S. automotive and electronics after markets should exceed $300 billion in combined revenues! |
