(BSNS WIRE) Liteglow Industries Inc. Announces May Sales & Profits
Liteglow Industries Inc. Announces May Sales & Profits
Business Editors
POMPANO BEACH, Fla.--(BUSINESS WIRE)--June 16, 1999--Lou Wiener,
COO of Liteglow Industries Inc. (BB:LTGL), announced sales and profits
for the month of May 1999, which represented a 102% increase in sales
year to date and a continuation of our planned month to month
profitability in 1999.
For the five months ended May 31, 1999, Liteglow had the
following increases:
-0-
*T
May '99 Sales May '98 Sales May '99 Profit May '98 (Loss)
------------- ------------- -------------- --------------
$356,113 +65% $216,557 $ 53,032 $ (74,884)
For the five months ended May 31, 1999, the cumulative numbers are as
follows:
1999 Sales 1998 Sales 1999 Net 1998 Loss
y.t.d. y.t.d. y.t.d. y.t.d.
------------- ------------- -------------- --------------
$2,202,950 +102% $1,090,694 $248,013 $(281,096)
*T
Wiener stated: "We are extremely pleased with the tremendous
increases in Liteglow's sales & profits over the comparable period
last year. Further, to clarify some misinformation that is being
bandied about, there are 3,931,087 shares outstanding, of which
203,251 are restricted, leaving 3,727,836 shares free trading and in
the float, according to our transfer agent, Alpha Tech Stock Transfer,
in Salt Lake City, Utah. Based on the 3,931,087 shares outstanding,
earnings per share were 6.3 cents for the year to date through
5-31-99."
Wiener also stated that Liteglow has completed its audit and will
become 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 websites at: www.liteglow.com or www.lowglow.com.
--30--jd/mi*
CONTACT: Liteglow Industries Inc., Pompano Beach
Spencer Krumholz, C.E.O., 800-801-GLOW (4569)
KEYWORD: FLORIDA
INDUSTRY KEYWORD: AUTOMOTIVE COMED COMPUTERS/ELECTRONICS
EARNINGS
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