Liteglow Industries Inc. Announces May Sales & Profits

17 June 1999

Liteglow Industries Inc. Announces May Sales & Profits

POMPANO BEACH, Fla.--June 16, 1999--Lou Wiener, COO of Liteglow Industries Inc. (BB:LTGL), announced sales and profits for the month of May 1999, which represented a 102% increase in sales year to date and a continuation of our planned month to month profitability in 1999.
For the five months ended May 31, 1999, Liteglow had the following increases:



May '99 Sales       May '98 Sales    May '99 Profit    May '98 (Loss)
-------------       -------------    --------------    --------------
$356,113  +65%      $216,557         $ 53,032          $ (74,884)

For the five months ended May 31, 1999, the cumulative numbers are as
follows:

1999 Sales          1998 Sales       1999 Net          1998 Loss
  y.t.d.              y.t.d.           y.t.d.            y.t.d.
-------------       -------------    --------------    --------------
$2,202,950 +102%    $1,090,694       $248,013          $(281,096)

    Wiener stated: "We are extremely pleased with the tremendous increases in Liteglow's sales & profits over the comparable period last year. Further, to clarify some misinformation that is being bandied about, there are 3,931,087 shares outstanding, of which 203,251 are restricted, leaving 3,727,836 shares free trading and in the float, according to our transfer agent, Alpha Tech Stock Transfer, in Salt Lake City, Utah. Based on the 3,931,087 shares outstanding, earnings per share were 6.3 cents for the year to date through 5-31-99."
    Wiener also stated that Liteglow has completed its audit and will become 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 websites at: www.liteglow.com or www.lowglow.com.