Liteglow Industries Inc. Announces 1998 Audit

8 June 1999

Liteglow Industries Inc. Announces 1998 Audit

    POMPANO BEACH, Fla.--June 7, 1999--Michael Lomnitzer, CFO of Liteglow Industries Inc. (BB:LTGL) announced that their audit for the year ending 12-31-1998 has been completed.
    The final numbers for 1998 will show:

    Gross Revenues for 1998 of $2,890,513.
    The company will show a net loss of ($1,917,540) for the year.
    This loss will include the discontinued operations of subsidiary B & B Associates, with a loss from operations of ($43,111) and an estimated loss on the disposal of B & B Associates including provision of operating losses during the phase out period of ($383,889).

    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 websites at: www.liteglow.com or www.lowglow.com.