THIS FEATURED IN PENNY STOCK OF THE WEEK
######################################
WEEK OF 6/14/99
FEATURED STOCK
OTC BB **LTGL**
LITEGLOW INDUSTRIES INC
FRIDAY 6/11/99 CLOSED AT .86
TARGET PRICE $2.125 - 3.75
52 WEEK HIGH 7.80
LOW .11
We are excited to feature LTGL. This stock has tremendous potential. They
are in the midst of signing several new customers. According to the COO,
Lou Wiener, LTGL has verbal commitments from two major midwest
distributors and one of the distributors will be servicing a major name
chain store in the area. This program should be implemented within the
next 30-45 days (see press release below). In addition, Wiener stated that
Liteglow expects to make further announcements
of some additional major accounts, and will also be releasing the May
sales and profit numbers on Tuesday, June 15. May sales and profit numbers
should be in line with record sales in April (see press release below) and
record sales in the first quarter of 1999 (see press release below). With
positive news surfacing and the new customers agreements, which should be
within the next 30-45 days, LTGL is very attractive at these levels.
PROFILE
Liteglow Industries Inc. manufactures, designs, and imports products for
the automotive and electronics specialty markets. The Company's products
include a variety of neon automobile accessories such as license plate
frames, undercar neon light kits, and gear shift knobs. Liteglow also
manufactures automotive security products.
RECENT PRESS RELEASES
LITEGLOW INDUSTRIES INC. NEW CUSTOMER UPDATE
Business Editors
POMPANO BEACH, Fla.--(BUSINESS WIRE)--June 9, 1999--Lou Wiener, COO of
Liteglow Industries Inc. (BB:LTGL) is pleased to announce that Liteglow's
sales manager has just returned from a very successful sales trip, and is
very close tosigning up several major new customers. Wiener stated that we
have verbal commitments from two major midwest distributors to place
orders for the Liteglow program, and one of thedistributors will be
servicing a major name chain store in the area. This program should be
implemented within the next 30-45 days. In addition, Wiener stated that
Liteglow expects to make further announcements of some additional major
accounts, and will also be releasing the May sales and profit numbers on
Tuesday, June 15. Liteglow is already doing business with several major
automotive and electronics chain stores, and is constantly working to add
additional major chain store business. 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.
LITEGLOW INDUSTRIES INC. RECORD SALES AND PROFITS
Business Editors
POMPANO BEACH, Fla.--(BUSINESS WIRE)--May 10, 1999--Lou Wiener, COO of
Liteglow Industries Inc. (BB:LTGL) announced record sales and profits for
the month of April 1999, which represented a 111% increase in sales year
to date and a continuation of our planned month to month profitability in
1999. -0- *T For the fourth months ended April 30, 1999 Liteglow had the
following increases: April '99 Sales April '98 Sales April '99 Profit
April '98 (Loss) $452,457 $285,480 $47,643 $(53,191) (+ 58%) For the four
months ended April 30, 1999, the
cumulative numbers are as follows: 1999 Sales y.t.d. 1998 Sales y.d.t.
1999 Net y.t.d. 1998 Loss y.t.d. $1,846,837 $ 874,137 $ 194,981 $
(206,212) (increase
111%) *T Wiener stated: "We are extremely pleased with the tremendous
increases inLiteglow's sales and profits over the comparable period last
year. Based upon our approximately 3.5 million shares issued and
outstanding, this represents a net earnings per share of .055 cents."
Wiener also stated that Liteglow is completing its audit and will be a
reporting company in the very near future. 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 website at: www.liteglow.com
LITEGLOW INDUSTRIES INC. RECORD SALES AND PROFITS
Business Editors
POMPANO BEACH, Fla.--(BUSINESS WIRE)--April 15, 1999--Lou Wiener, COO of
Liteglow Industries Inc. (BB:LTGL) announced record sales and profits for
the first quarter of 1999, which represented a 137% increase in sales and
a continuation of our planned month to month profitability in 1999. -0- *T
For the three months ended March 31, 1999, Liteglow had the following
increases: March '99 Sales March '98 Sales March '99 Profit March '98
(Loss) $525,929 $210,729 $52,795 $(95,324) (+ 149%!) For the three months,
the cumulative numbers are as follows: 1999 Sales y.t.d. 1998 Sales y.d.t.
1999 Net y.t.d. 1998 Loss y.t.d. $1,394,380 $ 588,657 $ 147,338 $
(153,021) (increase 137%!) *T Wiener stated: "We are extremely pleased
with the tremendous increases in Liteglow's sales and profits over the
comparable period last year. Based upon our approximately 3.5 million
shares issued and outstanding, this represents a net earnings per share of
..04 cents. Accordingly, with the present strong demand for our products,
we believe Liteglow's consolidated sales for the full-year 1999 can be
well over the $5 million - $6 million-dollar range. In our opinion,
sales of this magnitude will produce net income in the $600,000 - $700,000
range. This would result in earnings per share of approximately $0.18 to
$0.20, based upon the 3.5 million common shares outstanding." 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 website at:
www.liteglow.com
IMPORTANT NOTICE: Verify all claims and do your own due diligence. This
is not a solicitation or recommendation to buy, sell or hold
securities.Penny Stock Of The Week is not liable for any investment
decisions by its readers or subscribers. It is strongly recommended that
any purchase or sale decision be discussed with a financial adviser or
broker prior to completing any such purchase or sale decision. Penny Stock
Of The Week has not received any compensation from any source for this service. Penny Stock Of The Week is not a registered investment adviser, or a broker-dealer, or a member of
any financial regulatory bodies. The information contained herein is
provided as an information service only.
|
