LTGL...does have a relationship with Radio Shack...
Company Press Release
Liteglow Industries Inc. Announces Radio Shack Will
Carry Line of Products
POMPANO BEACH, Fla.--(BUSINESS WIRE)--March 2, 1998--Liteglow Industries Inc.
(BB:LTGL) announced Monday that Radio Shack will offer Liteglow and Lowglow products
throughout their 6800 stores.
The deal, which originated at the Consumer Electronics Show in early January, was finalized
late last week.
Radio Shack will have the ability to display and order any of Liteglow's or Lowglow's
products through their special order catalog section. Liteglow President Spencer Krumholz
stated: ''One of our goals as 1997 ended was to further expand into the mass merchandising
arena. I believe this deal with Radio Shack will greatly improve our standing in this area and
will further serve to strengthen our hold on the industry market share. In addition, Liteglow is
very pleased to begin an association with as fine an organization as Radio Shack and we
believe that their vast distribution system will add substantially to the company's revenue
growth into the future.'' Krumholz also added: ''This is only the beginning. Many other large
chain stores as well as smaller specialty retailers are being targeted with very positive results to
date.''
The company has also begun to penetrate markets in Japan, Portugal, New Zealand, Spain,
Switzerland, Italy, Germany and Canada. Liteglow Industries currently does business with
major customers such as Circuit City, Nobody Beats the Wiz, J.C. Whitney Co., Joe Amato's
Keystone Warehouse as well as over 2000 specialty retailers, wholesalers, and export
customers. The company would also like to state that its financials are currently in the process
of being completed and will be filed with the SEC as soon as possible.
Liteglow Industries is a manufacturer, designer and importer of products for the automotive
and electronic specialty markets. The U.S. automotive and electronic after markets should
exceed $300 BILLION in combined revenues this year. Revenues for the company are
expected to increase dramatically as a direct result of these newly announced as well as
pending developments.
Requests for an investor information package should be made by calling Liteglow Industries
Inc. at 1-800-801-GLOW, or by e-mail at spencer@liteglow.com. You can also visit
Liteglow at www.liteglow.com.
Contact:
Liteglow Industries Inc., Pompano Beach
1-800-801-GLOW
www.liteglow.com
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