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

To: Mr. Jens Tingleff who wrote (4625)	8/22/1999 11:50:00 AM
From: jebj	Read Replies (1) \| Respond to of 4715

Ref Clubhouse and beta SI - I don't know how it did it but I NEVER downloaded the new beta but when I tried to log on a couple of weeks ago, it downloaded for me. When to your link but it also comes up in beta for me so still no clubhouse. tks. jb

To: Mr. Jens Tingleff who wrote (4625)	9/14/1999 12:41:00 PM
From: AriKirA	Respond to of 4715

Applies to -- LTGL Liteglow Industries Inc. Reports Sales & Earnings for the Month & 8-Months Ended Aug. 31, 1999 Liteglow Industries Inc. Reports Sales & Earnings for the Month & 8-Months Ended Aug. 31, 1999 POMPANO BEACH, Fla., Sep 14, 1999 (BUSINESS WIRE) -- Lou Wiener, COO of Liteglow Industries Inc. (Bulletin Board:LTGL), announced sales and profits results for the month of August 1999, and for the 8 months ended Aug. 31, 1999. August sales showed a 32% increase over the comparable period in 1998, and for the 8-months ended Aug. 31, 1999, sales increased 83%. During the month of August 1999 Liteglow reported the following results and improvements vs. August 1998. August '99 Sales August '98 Sales August '99 Profit August '98 (Loss) ---------------- ---------------- ----------------- ----------------- $357,881 +32% $270,527 $13,306 $(84,590) (see note)(a) (a) note: August profit includes 1-time extraordinary charges of $15,000 in legal fees for form 10 filing and $10,000 for China travel. For the eight months ended Aug. 31, 1999, the cumulative sales and earnings and improvements are as follows, in comparison with the eight months ended July 31, 1998. 1999 Sales y.t.d. 1998 Sales y.t.d. 1999 Net y.t.d. 1998 Loss y.t.d. ----------------- ----------------- --------------- ---------------- $3,452,295 +83% $1,892,185 $399,367 $(471,537) Wiener stated: "Based upon the 3,931,087 shares outstanding, Liteglow's 8-month net income represents 10.1 cents per share, which is in line with our projection of 15-20 cents per share earnings for the year! Fully diluted, assuming the conversion of 5 million preferred shares into common owned by the chairman, Spencer Krumholz, earnings would be .045 cents per share. 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. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Liteglow Industries Inc., Pompano Beach Spencer Krumholz, C.E.O., 800/801-GLOW (4569) WEB PAGE: businesswire.com GEOGRAPHY: FLORIDA INDUSTRY CODE: AUTOMOTIVE EARNINGS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.

To: Mr. Jens Tingleff who wrote (4625)	9/14/1999 12:55:00 PM
From: AriKirA	Read Replies (2) \| Respond to of 4715

Some food for thought: Wiener stated: "Based upon the 3,931,087 shares outstanding, Liteglow's 8-month net income represents 10.1 cents per share, which is in line with our projection of 15-20 cents per share earnings for the year! Fully diluted, assuming the conversion of 5 million preferred shares into common owned by the chairman, Spencer Krumholz, earnings would be .045 cents per share. Anyone see a problem here? The following is IMO a very big problem The capital share structure of LTGL was comprised of common shares and preferred 'A' shares. When they did the reverse split they seem to have 'forgotten' to reverse the number of preferred shares outstanding? (I am correct in assuming this Jens?) Now we have preferred shares convertible to common shares... What is the ratio of exchange? Lets say 4,000,000 * 0.15 = 600,000$ 600,000 / 0.00045 = 1,333,333,333 ?????????????????? A ratio of approx 335? Someone please tell me that this is wrong! Do they mean 0.045 dollars or literally 0.045 cents!?!?!? AK