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Liteglow Reports Sales & Earnings for the Year Ended Dec. 31, 1999

5 May 2000

Liteglow Industries Inc. Reports Sales & Earnings for the Year Ended Dec. 31, 1999

    POMPANO BEACH, Fla.--May 4, 2000--Spencer Krumholz, CEO of Liteglow Industries Inc. (OTCBB:LTGL), announced Thursday sales and earnings results for the year ended Dec. 31, 1999.
    For the year, Liteglow sales increased 94% from $2,890,513 in 1998 to $5,618,892 in 1999, and earnings were $218,215, or .06 per share, versus a loss of $(1,917,540), or $(1.10) per share. On a fully diluted basis, net income per share is .03. The numbers are as follows:

1999 Sales          1998 Sales      1999 Net Profit    1998 (Loss)
----------          ----------      ---------------    -----------
$5,618,892 + 94%    $2,890,513             $218,215    $(1,917,540)

Net basic Income per share                 $   0.06    $(     1.10)

Average common shares outstanding:  
    Basic (In float)                      3,700,450
    Diluted                               8,700,450