Liteglow Industries Inc. Announces Record First Quarter Sales & Earnings
POMPANO BEACH, Fla.--(BUSINESS WIRE)--April 14, 1998--Spencer Krumholz, president of Liteglow Industries Inc. (BB Symbol:LTGL) announced Tuesday record sales and earnings for the first quarter of 1998. Results were as follows:
3-Months ended March 31, 1998 3-Months ended March 31, 1997 Change
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Sales: $695,564.86 $595,524.96 +16.75%
Gross Profit: $343,955.24 $247,740.75 +45.50%
Net Income: $ 46,987.55 $ 8,486.40 +453%!!
Concerning the numbers, President and CEO, Spencer Krumholz advised, ''The first quarter is traditionally the slowest and least profitable for the Company. Although, since Liteglow has increased its international customers immensely, this quarter will be stronger in the future.''
Liteglow is a manufacturer, designer and importer of products for the automotive and electronics specialty markets. The U.S. automotive and electronics after markets should exceed $300 billion in combined revenues!
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
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