Wednesday November 17, 9:04 am Eastern Time
Company Press Release
Liteglow Industries Inc. Reports Sales & Earnings for the
Month & 10-Months Ended Oct. 31, 1999
POMPANO BEACH, Fla.--(BUSINESS WIRE)--Nov. 17, 1999--Lou Wiener, COO of Liteglow Industries Inc.
(OTCBB:LTGL - news), announced sales and profit results for the month of October 1999, and for the 10 months ended Oct.
31, 1999.
October sales showed a 80% increase over the comparable period in 1998, and for the 10-months ended Oct. 31, 1999, sales
increased 80%.
During the month of October 1999 Liteglow reported the following results and improvements vs. October 1998.
Oct. '99 Sales Oct. '98 Sales Oct. '99 Profit Oct. '98 (Loss)
$412,538 +80% $229,623 $21,808 $(119,034)
For the 10 months ended Oct. 31, 1999, the cumulative sales
and earnings and improvements are as follows, in comparison with the
10 months ended Oct. 31, 1998.
1999 Sales y.t.d. 1998 Sales y.t.d. 1999 Net y.t.d. 1998 Loss y.t.d.
$4,298,735 +80% $2,384,904 $438,187 $(688,255)
Wiener stated: ``Based upon the 3,931,087 shares outstanding, Liteglow's 10-month net income represents 11.1 cents per
share, which is in line with our projections. Fully diluted, earnings would be 4.9 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.
Contact:
Liteglow Industries Inc., Pompano Beach
Spencer Krumholz, C.E.O., 800/801-GLOW (4569) |
