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!
Requests for an investor information package should be made by calling
Liteglow Industries Inc. at 800-801-GLOW (4569), or e-mail at
spencer@liteglow.com. Fax number if 954/971-5117. You can also visit
Liteglow at www.liteglow.com or Lowglow, a Liteglow subsidiary, at
www.lowglow.com.
------------------------------------------------------------------------
Contact:
Liteglow Industries Inc., Pompano Beach
Spencer Krumholz, 800-801-GLOW (4569)
or 954/971-GLOW
------------------------------------------------------------------------
More Quotes and News:Liteglow Industries Inc (OTC BB:LTGL - news)Related
News Categories: automobiles, computers
------------------------------------------------------------------------
Help
------------------------------------------------------------------------
Copyright c 1998 Business Wire. All rights reserved. All the news
releases provided by Business Wire are copyrighted. Any forms of copying
other than an individual user's personal reference without express
written permission is prohibited. Further distribution of these
materials is strictly forbidden, including but not limited to, posting,
emailing, faxing, archiving ina public database, redistributing via a
computer network or in a printed |
