Liteglow Industries, Inc. Reports Record Sales and Earnings for the First Half of 2002

    POMPANO BEACH, Fla.--Aug. 1, 2002--Spencer Krumholz, Chairman and Chief Executive Officer, and Michael Krumholz, President, of Liteglow Industries, Inc. (OTCBB:LTGL), report record sales and earnings for the period ending June 30, 2002. For the six months ended June 30, 2002, the cumulative sales, earnings, and improvements are as follows:

                  June 30, 2002             June 30, 2001
                  -------------             -------------

Sales             $ 6,559,870               $ 2,153,322
Net Income        $   847,606               $    92,813

    Sales represent a 300% increase over the six month period ended June 30, 2001, primarily attributable to the addition of many new customers and the Company's increased name brand recognition. Based upon 3,868,756 weighted average shares outstanding, this represents per share earnings of $.22 per share for the period ended June 30, 2002 versus income of $.02 per share for the period ended June 30, 2001. Fully diluted, net income per common share is $.10 for the period ended June 30, 2002 versus income of $.01 per share the period ended June 30, 2001.
    The Company has increased its national advertising and the distribution of the Company's products through national automotive and electronics retailers resulting in the recognition of Liteglow as a national brand name.
    For more information or an investor information package contact that Company at (800) 801-GLOW (4569) or e-mail at spencer@liteglow.com. The Company's fax number is (954) 971-5117. Please visit our website at: http://www.liteglow.com.

    Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.