Liteglow Names Chief Financial Officer

27 July 1998

Liteglow Names Chief Financial Officer

    POMPANO BEACH, Fla.--July 27, 1998--Liteglow Industries Inc. (OTC BB:LTGL) Monday announced the appointment of Michael Lomnitzer to the post of chief financial officer.
    Lomnitzer joins Liteglow after serving two years at Daszkal, Bolton & Manela, a CPA firm, where he specialized in financial accounting and business acquisitions. Previously he served as controller for Cold Header Machine Corp. for two years and held a number of financial positions over a 20-year period.
    "Michael has excellent experience and a strong track record behind him," said Liteglow President and CEO Spencer Krumholz. "Michael's appointment as CFO further strengthens our financial organization and our executive management team."
    When asked about his new appointment Lomnitzer stated, "I am looking forward to the challenge of Liteglow growing into a $15 million in revenue per year company." Asked how long it would take to reach this goal, Lomnitzer stated: "The company's financial plans are to reach that plateau in five years. Through further acquisitions and increasing our product line I believe this can easily be attained." Lomnitzer also stated, "With CEO and President Spencer Krumholz's extensive network of contacts within the industry's distribution channels Liteglow will be able to place a number of product lines that we may acquire over time." Lastly, the CFO stated, "I look forward to increasing the profits for our company and our shareholders."
    Lomnitzer earned a B.S. in commerce from Concordia University in Canada in 1971 and a Master's in accounting from McGill University in Canada in 1973.
    Liteglow is a manufacturer, designer and importer of products for the automotive and electronic specialty markets. The U.S. automotive and electronic aftermarkets should exceed $300 BILLION in combined revenues this year.
    Requests for an investor information package should be made by calling Liteglow Industries Inc. at 1-800-801-GLOW, or by e-mail at spencer@liteglow.com. You can also visit Liteglow at www.liteglow.com or Lowglow, a Liteglow subsidiary, at www.lowglow.com.