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

To: CAPT.DAN who wrote (3743)	12/8/1998 8:19:00 PM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 4715

Float 120MM - OS not mentioned!! <eom>

To: CAPT.DAN who wrote (3743)	12/9/1998 2:55:00 AM
From: Big Bee	Read Replies (2) \| Respond to of 4715

Been away for a long time now, but couldn't resist reading between the lines of this press release (what Spencer is really thinking): 9-Months to 9-30-1998 9-Months to 9-30-1997 Sales $2,155,311 $2,026,932 Gross Profit $ 983,055 $ 915,417 Net Income/Loss Loss $ (539,220) $ 64,044 >> we have no sales or earnings growth, and the skeletons came out of the closet with a clatter of bones. But trust me, Walmart is just around corner. Lomnitzer stated that the loss for 1998 was mainly a result of related fees for the acquisitions of Lowglow Neon and B & B Associates, and write-offs associated with disposing of some old inventory. Lomnitzer also stated that this will cause Liteglow to show a loss for the year ending 12-31-98. >> sure hope people buy this one, if so we've got some swamp land in Pompano to sell, cheap. However, Spencer Krumholz, CEO of Liteglow stated that Liteglow should return to profitability by the 2nd quarter of 1999, as several measures have been implemented internally, and many new customers have recently been added. >> sure, just like the tons of customers added after the Fall 1997 Vegas show. That's why revenues increased so much this year, right. And our measures implemented internally will be amazingly effective and result in huge cost savings starting next quarter, right. Liteglow presently has 200 million shares authorized and approx. 120 million shares in the float. >> ie. Since I've given myself 80 million shares, there are 120 million in the float (OS 200M). Guess its about time to increase the authorized shares to 400 million (better sneak over to the transfer agent's place later tonight.) At least EPS will never be worse than 0.01 per share. ha The foregoing contains forward-looking statements which are subject to contingencies and uncertainties. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could prove to be inaccurate. Actual events, transactions or results may differ materially from anticipated events, transactions or results described in such statements. >> since half the people on the thread threatened to sue me after the last sneaky authorized share increase, probably a good idea to put in this disclaimer like everyone else. 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. >> only takes 50 e-mails to spencer@liteglow.com for a response --------------------------------------------------------------------------------