Monday May 10, 10:32 am Eastern Time
Company Press Release
Liteglow Industries Inc. Record Sales and Profits
POMPANO BEACH, Fla.--(BUSINESS WIRE)--May 10, 1999--Lou Wiener, COO of Liteglow
Industries Inc. (BB:LTGL) announced record sales and profits for the month of April 1999, which
represented a 111% increase in sales year to date and a continuation of our planned month to month
profitability in 1999.
For the fourth months ended April 30, 1999 Liteglow had the
following increases:
April '99 Sales April '98 Sales April '99 Profit April '98 (Loss)
$452,457 $285,480 $ 47,643 $(53,191)
(+ 58%)
For the four months ended April 30, 1999, the cumulative numbers are
as follows:
1999 Sales y.t.d. 1998 Sales y.d.t. 1999 Net y.t.d. 1998 Loss y.t.d.
$1,846,837 $ 874,137 $ 194,981 $ (206,212)
(increase 111%)
Wiener stated: ''We are extremely pleased with the tremendous increases in Liteglow's sales and profits over the comparable period
last year. Based upon our approximately 3.5 million shares issued and outstanding, this represents a net earnings per share of .055
cents.'' Wiener also stated that Liteglow is completing its audit and will be a reporting company in the very near future.
Liteglow is a manufacturer, designer, and importer of products for the automotive and electronics specialty markets. The U.S.
automotive and electronic after markets are expected to 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 (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
Contact:
Liteglow Industries Inc., Pompano Beach
Spencer Krumholz, C.E.O., 800/801-GLOW |
