Liteglow Industries Inc. Reports Record Sales & Earnings for the First Quarter of 2002

    POMPANO BEACH, Fla.--May 16, 2002--Spencer Krumholz, Chairman of Liteglow Industries Inc. (OTCBB:LTGL), reported record sales and earnings for the first quarter of 2002.
    For the three months ended March 30, 2002, the cumulative sales and earnings and improvements are as follows:

2002 Sales         2001 Sales      2002 Net Income    2001 Net Loss      
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$2,793,675          $975,666          $307,052          $(62,344)         

    Sales represent almost a 3 fold increase over 2001, thanks to the addition of many new customers and Liteglow's name brand acceptance. Based upon 3,930,082 weighted shares outstanding, this represents a per share earnings of 8 cents per share, versus a loss of 1 cent per share in 2001.
    Fully diluted, net income per common share is 3 cents, versus a loss of 1 cent 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 email at spencer@liteglow.com. Fax number is 954/971-5117. Don't forget to visit our website at http://www.liteglow.com.