Liteglow Reports Sales & Earnings for the Month & 9-Months
13 October 1999
Liteglow Industries Inc. Reports Sales & Earnings for the Month & 9-Months Ended Sept. 30, 1999
POMPANO BEACH, Fla.--Oct. 12, 1999--Lou Wiener, COO of Liteglow Industries Inc. (OTCBB:LTGL), announced sales and profit results for the month of September 1999, and for the 9 months ended Sept. 30, 1999.September sales showed a 48% increase over the comparable period in 1998, and for the 9-months ended Sept. 30, 1999, sales increased 80%.
During the month of September 1999 Liteglow reported the following results and improvements vs. September 1998.
Sept. '99 Sales Sept. '98 Sales Sept. '99 Profit Sept. '98 (Loss) $433,902 +48% $293,096 $17,012 $(97,684) For the nine months ended Sept. 30, 1999, the cumulative sales and earnings and improvements are as follows, in comparison with the nine months ended Sept. 30, 1998. 1999 Sales y.t.d. 1998 Sales y.t.d. 1999 Net y.t.d. 1998 Loss y.t.d. $3,886,197 +80% $2,155,281 $416,379 $(569,221)
Wiener stated: "Based upon the 3,931,087 shares outstanding, Liteglow's 9-month net income represents 10.6 cents per share, which is in line with our projection of 15-20 cents per share earnings for the year! Fully diluted, earnings would be 4.6 cents per share.
Liteglow's products can be found throughout the country in many leading automotive and electronics retailers. For more information or an investor information package contact 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.