LTGL make 1998 "Record profits/record sales" official
(COMTEX) B: Liteglow Industries Inc. Announces 1998 Audit
B: Liteglow Industries Inc. Announces 1998 Audit
POMPANO BEACH, Fla., Jun 7, 1999 (BUSINESS WIRE via COMTEX) --
MichaelLomnitzer, CFO of Liteglow Industries Inc. (BB:LTGL) announced
that their audit for the year ending 12-31-1998 has been completed.
The final numbers for 1998 will show: Gross Revenues for 1998 of $2,890,
513.
The company will show a net loss of ($1,917,540) for the year. This
loss will include the discontinued operations of subsidiary B & B
Associates, with a loss from operations of ($43,111) and an estimated
loss on the disposal of B & B Associates including provision of
operating losses during the phase out period of ($383,889).
Liteglow is a manufacturer, designer, and importer of products for the
automotive and electronics specialty markets. The U.S. automotive and
electronic after markets are expected to exceed $300 billion in
combined revenues this year.
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 is 954/971-5117. Don't forget to visit
our websites at: www.liteglow.com or www.lowglow.com.
Copyright (C) 1999 Business Wire. All rights reserved.
-0-
CONTACT: Liteglow Industries Inc., Pompano Beach
Spencer Krumholz, C.E.O., 800/801-GLOW
WEB PAGE: businesswire.com
GEOGRAPHY: FLORIDA
INDUSTRY CODE: AUTOMOTIVE
RETAIL
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
|
