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Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?

To: Shadow who wrote (4560)	7/13/1999 2:02:00 PM
From: Mr. Jens Tingleff	Read Replies (2) \| Respond to of 4715

saving the news: Tuesday July 13, 10:04 am Eastern Time Company Press Release Liteglow Industries, Inc. Reports Record Sales & Earnings for the Six-Months Ended June 30, 1999 POMPANO BEACH, Fla.--(BUSINESS WIRE)--July 13, 1999--Lou Wiener, COO of Liteglow Industries, Inc. (OTC BB:LTGL), announced record sales and profits for both the month of June 1999, and for the first six months of 1999. Six-month sales through June 30, 1999 showed a 97% increase over the comparable period in 1998. During the month of June 1999 Liteglow reported the following results and improvements vs. June 1998: June '99 June '98 June '99 June '98 Sales Sales Profit (Loss) $470,579 +77% $265,259 $77,927 $ (85,902) For the six months ended June 30, 1999, the cumulative sales and earnings and improvements are as follows, in comparison with the six months endedJune 30, 1998: 1999 Sales 1998 Sales 1999 Net 1998 Loss y.t.d. y.t.d. y.t.d. y.t.d. $2,673,529 +97% $1,355,953 $325,940 $(366,998) *T ¶ Wiener stated: "Based upon the 3,931,087 shares outstanding, this represents a net income of 8.2 cents per share, which is in line with out projected net of 15-20 cents per share earnings for the year! The reason for the increase in sales and profits is attributed to better products and distribution, and tighter control of expenses." Wiener added: "Liteglow's vastly improved operating results in first-half 1999 have also benefited the balance sheet. At 6-30-99 (unaudited): net working capital exceeded $650,000; shareholders' equity approached $1,000,000; and the current ratio was a comfortable 1.8 to 1.0." Liteglow's products can be found throughout the country in many leading automotive and electronics retailers. For more information or an investor information package contact 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 websites at: www.liteglow.com or www.lowglow.com. Contact: Liteglow Industries Inc, Pompano Beach Spencer Krumholz, 800/801-GLOW (4569) Fax: 954/971-5117