PRESS RELEASE AFTER MARKET CLOSE.
Liteglow Industries Announces Trak Auto to Carry Product
Business Wire - August 13, 1998 16:27
POMPANO BEACH, Fla.--(BUSINESS WIRE)--Aug. 13, 1998--Liteglow Industries Inc. (BB:LTGL) Thursday announced that major automotive mass retailer Trak Auto has agreed to carry Liteglow products.
Liteglow said this will fortify its market share in the competitive aftermarket lighting arena.
President and CEO Spencer Krumholz, stated, "We are happy to be involved with such a reputable company as Trak Auto, and look forward to a long and profitable relationship for both of us."
This new agreement becomes another highlight in Liteglow's marketing strategy. As Krumholz stated, "Trak Auto has played a very successful part in the automotive marketplace for years and with their vast distribution channels that are already in place, we feel our product will be more available to our consumer base."
In other news, the presidents of Liteglow and Lowglow returned from a very successful trade show (PAACE 98) in Mexico City. According to Liteglow President Spencer Krumholz, "This was the first time that we have exhibited for the Latin, Central and South American markets, and based on the response we received, there should be a lot of Liteglow products seen in these countries in the future."
Additionally, Liteglow Industries reported that they have also received re-orders from Pep Boys on products recently delivered to Pep Boys stores.
Liteglow is a manufacturer, designer and importer of products for the automotive and electronic specialty markets. The U.S. automotive and electronic aftermarkets should exceed $300 billion in combined revenues this year.
Requests for an investor information package should be made by calling Liteglow Industries Inc. at 800/801-GLOW, or by e-maiL at Spencer@.liteglow.com. You can also visit Liteglow at www.liteglow.com or Lowglow, a Liteglow subsidiary at www.lowglow.com.
CONTACT: Liteglow Industries Inc., Pompano Beach
800/801-GLOW
Spencer@liteglow.com
www.liteglow.com
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