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

To: DR. MEADE who wrote (3330)	10/14/1998 11:04:00 AM
From: Shadow	Read Replies (1) \| Respond to of 4715

Sept 22 PR (BSNS WIRE) Liteglow Industries Inc. Announces New Acquisition Liteglow Industries Inc. Announces New Acquisition Business Editors POMPANO BEACH, Fla.--(BUSINESS WIRE)--Sept. 22, 1998--Spencer Krumholz, president of Liteglow Industries Inc. (OTC BB:LTGL) announced Tuesday that Liteglow has just signed an agreement to acquire B & B Associates of Van Nuys, Calif. B & B is the manufacturer of "Baretta" and "Force" automotive security systems. The product line consists of remote control automotive security products, remote door lock and trunk release systems, remote car starters, and motorcycle alarms. B & B has been in the security business for over 15 years, and has many established customers throughout the United States, and also exports to Latin America and Europe. B & B's product line will be included with Liteglow's and Lowglow's and be exhibited at the upcoming SEMA / APAA automotive trade show in Las Vegas in November. B & B has annual sales of approximately $1.2 million, and with Liteglow's marketing assistance and infusion of capital, should show tremendous growth in 1999. The acquisition is in line with Liteglow's continued growth in the automotive and electronics aftermarkets. Sales of automotive security products in 1998 are projected to be over $500 million annually. 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 if 954/971-5117. Don't forget to visit our website at: www.liteglow.com. --30--gaa/mi* CONTACT: Liteglow Industries Inc., Pompano Beach Spencer Krumholz, C.E.O., 800/801-4569 KEYWORD: FLORIDA CALIFORNIA INDUSTRY KEYWORD: AUTOMOTIVE COMED COMPUTERS/ELECTRONICS MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com