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Liteglow Industries Inc. Record Sales and Profits

15 April 1999

Liteglow Industries Inc. Record Sales and Profits

    POMPANO BEACH, Fla.--April 15, 1999--Lou Wiener, COO of Liteglow Industries Inc. (BB:LTGL) announced record sales and profits for the first quarter of 1999, which represented a 137% increase in sales and a continuation of our planned month to month profitability in 1999.

For the three months ended March 31, 1999, Liteglow had the following 
increases:

March '99 Sales  March '98 Sales  March '99 Profit  March '98 (Loss)
   $525,929         $210,729         $ 52,795          $(95,324)
   (+ 149%!)

For the three months, the cumulative numbers are as follows:

1999 Sales y.t.d. 1998 Sales y.d.t. 1999 Net y.t.d. 1998 Loss y.t.d.
   $1,394,380        $  588,657        $  147,338      $ (153,021)
(increase 137%!)

    Wiener stated: "We are extremely pleased with the tremendous increases in Liteglow's sales and profits over the comparable period last year. Based upon our approximately 3.5 million shares issued and outstanding, this represents a net earnings per share of .04 cents. Accordingly, with the present strong demand for our products, we believe Liteglow's consolidated sales for the full-year 1999 can be well over the $5 million - $6 million-dollar range. In our opinion, sales of this magnitude will produce net income in the $600,000 - $700,000 range. This would result in earnings per share of approximately $0.18 to $0.20, based upon the 3.5 million common shares outstanding."
    Liteglow is a manufacturer, designer, and importer of products for the automotive and electronics specialty markets. The U.S. Automotive and electronic after markets are expected to exceed $300 billion in combined revenues this year.
    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