>>>>NEWS! BB:LTGL
Liteglow Industries Inc. Announces Record Sales & Profits
POMPANO BEACH, Fla.--(BUSINESS WIRE)--June 24, 1998--Spencer Krumholz, President of Liteglow Industries Inc., (BB:LTGL), announced Wednesday record sales and profits for the period ended May 31, 1998.
Results were as follows:
5-Months Ended 5-Months Ended Change
5-31-98 5-31-97
SALES $ 1,312,086 $ 1,029,917 +21.5%
GROSS PROFIT $ 689,718 $ 429,475 +37.7%
NET PROFIT $ 87,083 $ 42,948 +50.7%
Liteglow also announced that they have just begun shipping their new line of coated halogen bulbs, and their lighted soccer balls and hanging skull. These new items will have a tremendous increase to the sales and profits starting in the 3rd quarter of 1998 and beyond!
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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