LTGL News!!! Yes!!
Monday March 2, 5:01 pm Eastern Time
Liteglow Industries Inc. Announces Radio Shack Will Carry Line of Products
POMPANO BEACH, Fla.--March 2, 1998--Liteglow Industries Inc. (BB:LTGL)
announced Monday that Radio Shack will offer Liteglow and Lowglow products
throughout their 6800 stores.
The deal, which originated at the Consumer Electronics Show in early January, was
finalized late last week.
Radio Shack will have the ability to display and order any of Liteglow's or Lowglow's
products through their special order catalog section. Liteglow President Spencer
Krumholz stated: ''One of our goals as 1997 ended was to further expand into the
mass merchandising arena. I believe this deal with Radio Shack will greatly improve
our standing in this area and will further serve to strengthen our hold on the industry
market share. In addition, Liteglow is very pleased to begin an association with as fine
an organization as Radio Shack and we believe that their vast distribution system will
add substantially to the company's revenue growth into the future.'' Krumholz also
added: ''This is only the beginning. Many other large chain stores as well as smaller
specialty retailers are being targeted with very positive results to date.''
The company has also begun to penetrate markets in Japan, Portugal, New Zealand,
Spain, Switzerland, Italy, Germany and Canada. Liteglow Industries currently does
business with major customers such as Circuit City, Nobody Beats the Wiz, J.C.
Whitney Co., Joe Amato's Keystone Warehouse as well as over 2000 specialty
retailers, wholesalers, and export customers. The company would also like to state that
its financials are currently in the process of being completed and will be filed with the
SEC as soon as possible.
Liteglow Industries is a manufacturer, designer and importer of products for the
automotive and electronic specialty markets. The U.S. automotive and electronic after
markets should exceed $300 BILLION in combined revenues this year. Revenues for
the company are expected to increase dramatically as a direct result of these newly
announced as well as pending developments.
Requests for an investor information package should be made by calling Liteglow
Industries Inc. at 1-800-801-GLOW, or by e-mail at spencer@liteglow.com. You can
also visit Liteglow at liteglow.com.
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Contact:
Liteglow Industries Inc., Pompano Beach
1-800-801-GLOW
liteglow.com |
