Liteglow Industries Inc. Record Sales and Profits
10 May 1999
Liteglow Industries Inc. Record Sales and Profits
POMPANO BEACH, Fla.--May 10, 1999--Lou Wiener, COO of Liteglow Industries Inc. (BB:LTGL) announced record sales and profits for the month of April 1999, which represented a 111% increase in sales year to date and a continuation of our planned month to month profitability in 1999.For the fourth months ended April 30, 1999 Liteglow had the following increases: April '99 Sales April '98 Sales April '99 Profit April '98 (Loss) $452,457 $285,480 $ 47,643 $(53,191) (+ 58%) For the four months ended April 30, 1999, 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. $1,846,837 $ 874,137 $ 194,981 $ (206,212) (increase 111%)
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 .055 cents." Wiener also stated that Liteglow is completing its audit and will be a reporting company in the very near future.
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