LTGL- EARNINGS OF 10 CENTS A SHARE...
(BSNS WIRE) Liteglow Industries Inc. Reports Sales & Earnings for the Mo
Liteglow Industries Inc. Reports Sales & Earnings for the Month & 9-Months
Ended Sept. 30, 1999
Business Editors
POMPANO BEACH, Fla.--(BUSINESS WIRE)--Oct. 12, 1999--Lou Wiener,
COO of Liteglow Industries Inc. (OTCBB:LTGL), announced sales and
profit results for the month of September 1999, and for the 9 months
ended Sept. 30, 1999.
September sales showed a 48% increase over the comparable period
in 1998, and for the 9-months ended Sept. 30, 1999, sales increased
80%.
During the month of September 1999 Liteglow reported the
following results and improvements vs. September 1998.
-0-
*T
Sept. '99 Sales Sept. '98 Sales Sept. '99 Profit Sept. '98 (Loss)
$433,902 +48% $293,096 $17,012 $(97,684)
For the nine months ended Sept. 30, 1999, the cumulative sales
(BSNS WIRE) Liteglow Industries Inc. Reports Sales & Earnings for the Mo
Liteglow Industries Inc. Reports Sales & Earnings for the Month & 9-Months
Ended Sept. 30, 1999
Business Editors
POMPANO BEACH, Fla.--(BUSINESS WIRE)--Oct. 12, 1999--Lou Wiener,
COO of Liteglow Industries Inc. (OTCBB:LTGL), announced sales and
profit results for the month of September 1999, and for the 9 months
ended Sept. 30, 1999.
September sales showed a 48% increase over the comparable period
in 1998, and for the 9-months ended Sept. 30, 1999, sales increased
80%.
During the month of September 1999 Liteglow reported the
following results and improvements vs. September 1998.
-0-
*T
Sept. '99 Sales Sept. '98 Sales Sept. '99 Profit Sept. '98 (Loss)
$433,902 +48% $293,096 $17,012 $(97,684)
For the nine months ended Sept. 30, 1999, the cumulative sales
and earnings and improvements are as follows, in comparison with the
nine months ended Sept. 30, 1998.
1999 Sales y.t.d. 1998 Sales y.t.d. 1999 Net y.t.d. 1998 Loss y.t.d.
$3,886,197 +80% $2,155,281 $416,379 $(569,221)
*T
Wiener stated: "Based upon the 3,931,087 shares outstanding,
Liteglow's 9-month net income represents 10.6 cents per share, which
is in line with our projection of 15-20 cents per share earnings for
the year! Fully diluted, earnings would be 4.6 cents per share.
Liteglow's products can be found throughout the country in many
leading automotive and electronics retailers. For more information or
an investor information package contact 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 EARNINGS
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