Liteglow Industries, Inc. Reports Sales & Earnings for the First Quarter 2003

    POMPANO BEACH, Fla.--May 15, 2003--Spencer Krumholz, Chairman and Chief Executive Officer of Liteglow Industries, Inc. (OTCBB:LTGL), reported sales and a net loss for the period ending March 31, 2003 as follows: -0-

                               March 31, 2003        March 31, 2002
----------------------------------------------------------------------
SALES                            $1,633,706             $2,793,675
INCOME (LOSS)                    $ (496,647)            $  307,052
(a) NET INCOME (LOSS)           
    PER COMMON SHARE                 (.13)                     .08 

(a) Based upon 3,780,082 weighted average shares outstanding.

    Liteglow experienced reduced sales of over $1,159,000 for the first quarter of 2003, largely as a result of a weak economy, poor weather, and a decrease in orders from major chain stores. This led to a net loss for the quarter of over $496,000, or 13 cents per share. While Liteglow has made moves to reduce overhead, there is no guarantee a return to profitability will occur soon due to a continuing poor economy.
    For more information or an investor information package, contact Liteglow Industries, Inc. at 800/801-GLOW (4569), or e-mail to spencer@liteglow.com. Fax number is 954/971-5117.

    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.