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


To: Voiceman who wrote (983)3/26/1998 4:40:00 PM
From: Jim Spitz  Respond to of 4715
 
V-man

Cooooolllll!

Stay in the Black! jimS



To: Voiceman who wrote (983)3/26/1998 4:41:00 PM
From: Nescom  Read Replies (1) | Respond to of 4715
 
LTGL Press release inside. This company is really positioning to be prepared for mass retailers.

Liteglow Industries Inc. AnnouncesChinese Joint Venture

March 26, 1998 04:06 PM

POMPANO BEACH, Fla.--(BUSINESS WIRE)--March 26, 1998--Spencer Krumholz, president and CEO of Liteglow Industries Inc. announced Thursday that he will be arriving in China March 30th to consummate a Joint Venture agreement to open a manufacturing facility. The new facility will allow Liteglow to expand its capacity for products, to accommodate the influx of new business. While in China, visits will also be made to several existing factories and suppliers to review 20-30 new automotive and electronic items to be added to Liteglow's product line. This new facility will allow Liteglow to manufacture their own line of special driving lights, fog lights, coated bulbs, and other 12 volt mobile electronic products. Liteglow will own one half of the facility, allowing the company to bring new products to the mass market quicker and at less cost. Liteglow has several contracts that are in progress, and hopes to disclose the names of these large retail customers within a very short time. Liteglow will also explore the selling of Liteglow products into the Chinese market. The joint venture manufacturing facility should take approximately 4 months to become fully operational, and will add additional profits to Liteglow's bottom line starting in the 3rd quarter of 1998. Liteglow has also announced plans for a larger line of credit, with more attractive terms, to be established with a major banking firm. Three banks are presently competing for Liteglow's business. This larger credit line will allow Liteglow to increase its inventories to service several major chain stores, that should be "on board" sometime in the second quarter of 1998. 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.



To: Voiceman who wrote (983)3/26/1998 4:48:00 PM
From: gary g  Read Replies (1) | Respond to of 4715
 
Krumholz, president and CEO of Liteglow Industries Inc. (BB:LTGL)
announced Thursday that he will be arriving in China March 30th to
consummate a Joint Venture agreement to open a manufacturing facility.
The new facility will allow Liteglow to expand its capacity for
products, to accommodate the influx of new business. While in China,
visits will also be made to several existing factories and suppliers
to review 20-30 new automotive and electronic items to be added to
Liteglow's product line.
This new facility will allow Liteglow to manufacture their own
line of special driving lights, fog lights, coated bulbs, and other 12
volt mobile electronic products. Liteglow will own one half of the
facility, allowing the company to bring new products to the mass
market quicker and at less cost. Liteglow has several contracts that
are in progress, and hopes to disclose the names of these large retail
customers within a very short time. Liteglow will also explore the
selling of Liteglow products into the Chinese market.
The joint venture manufacturing facility should take
approximately 4 months to become fully operational, and will add
additional profits to Liteglow's bottom line starting in the 3rd
quarter of 1998. Liteglow has also announced plans for a larger line
of credit, with more attractive terms, to be established with a major
banking firm. Three banks are presently competing for Liteglow's
business. This larger credit line will allow Liteglow to increase its
inventories to service several major chain stores, that should be "on
board" sometime in the second quarter of 1998.
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.

CONTACT: Liteglow Industries Inc., Pompano Beach
800-801-GLOW
www.liteglow.com

KEYWORD: FLORIDA
INDUSTRY KEYWORD: AUTOMOTIVE RETAIL