UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                FORM 10-QSB

             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

                  FOR THE PERIOD ENDED:   JUNE 30, 2003
                                       ---------------------

                     COMMISSION FILE NUMBER:  000-27087
                                            -------------

                           LITEGLOW INDUSTRIES, INC.
           ------------------------------------------------------
           (Exact name of registrant as specified in its charter)


                UTAH                                     65-05164035
     -------------------------------                 -------------------
     (State or other jurisdiction of                    (IRS Employer
     incorporation or organization)                  Identification No.)



          2301 N.W. 33rd Court, Unit 112, Pompano Beach, Florida 33069
         -------------------------------------------------------------
         (Address, including zip code, of principal executive offices)


                              (954) 971-4569
            ---------------------------------------------------
           (Registrant's telephone number, including area code)

          -------------------------------------------------------
          (Former name, former address and former fiscal year, if
                        changed since last report)



     Indicate by check mark whether the registrant (1) has filed all
     documents and reports required to be filed by Sections 13 or 15(d) of
     the Securities Exchange Act of 1934 during the preceding 12 months (or
     for such shorter period that the registrant was required to file such
     reports), and (2) has been subject to such filings for the past 90
     days.  YES  [X]    NO [ ]


                   APPLICABLE ONLY TO CORPORATE ISSUERS:

     As of June 30, 2003, the number of the Company's shares of par value
     $.001 common stock outstanding was 3,780,082.



<PAGE>


                         LITEGLOW INDUSTRIES, INC.
                                FORM 10-QSB
                               JUNE 30, 2003



                                   INDEX



Part I - FINANCIAL INFORMATION

Item 1.  Financial Statements

         Balance Sheets - June 30, 2003 (Unaudited)

         Statements of Operations - Three and six months ended
         June 30, 2003 and 2002 (Unaudited).

         Statements of Cash Flows - Six months ended June 30, 2003
         and 2002 (Unaudited).

         Notes to Financial Statements.

Item 2.  Management's Discussion and Analysis of Financial Condition
         and Results of Operations.


PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

Item 2.  Changes in Securities

Item 3.  Defaults Upon Senior Securities

Item 4.  Submission of Matters to a Vote of Security-Holders

Item 5.  Other Information

Item 6.  Exhibits and Reports on Form 8-K

SIGNATURES

CERTIFICATIONS








                                     2
<PAGE>



                         LITEGLOW INDUSTRIES, INC.
                               BALANCE SHEET
                               JUNE 30, 2003
                                (unaudited)

  ASSETS

Current assets:
  Cash and cash equivalents                       $      125,365
  Accounts receivable- trade (net)                     1,791,102
  Accounts receivable employees and other                  7,245
  Due from lender                                        102,538
  Inventory                                            1,729,198
  Prepaid expenses                                       149,722
                                                  --------------
          Total current assets                         3,905,170

Property and equipment less accumulated
  depreciation                                           315,707

Goodwill, net                                            175,660
Loan costs, net                                           18,750
  Deposits                                                49,336
                                                  --------------
                                                  $    4,464,623
                                                  ==============

  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:
  Current maturities of long-term debt            $        6,756
  Current maturities of capital leases                    25,345
  Line of credit                                       2,280,202
  Loans payable stockholder                               86,368
  Accounts payable                                       827,721
  Accounts payable and accrued expenses                  435,040
                                                  --------------
          Total current liabilities                    3,661,432

Long-term debt less current maturities                     3,378
Long term capital lease obligations less
  current maturities                                      23,090
                                                  --------------
                                                          26,468
                                                  --------------

Stockholders' equity:
  Convertible preferred stock Series A,
    par value $.001 issued and authorized
    1,000,000                                              1,000
  Common stock, $.001 par value; authorized
   10,000,000 shares 3,780,082 shares issued
     and outstanding                                       3,780
  Additional paid-in capital                           3,356,542
  Retained deficit                                    (2,584,599)
                                                  --------------
          Total stockholders' equity                     740,723
                                                  --------------

                                                  $    4,428,623
                                                  ==============

                          See accompanying notes

                                     3
<PAGE>

                         LITEGLOW INDUSTRIES, INC.
                         STATEMENTS OF OPERATIONS
                                (unaudited)

<TABLE>
<CAPTION>
                                      Six             Six           Three          Three
                                     Months         Months          Months         Months
                                      Ended          Ended          Ended          Ended
                                     June 30,       June 30,       June 30,       June 30,
                                      2003            2002           2003           2002
                                   ------------   ------------   ------------   ------------
<S>                                <C>            <C>            <C>            <C>
Sales                              $  4,057,252   $  6,559,870   $  2,423,546   $  3,766,195
Cost of sales                         2,448,511      3,578,820      1,366,044      2,091,868
                                   ------------   ------------   ------------   ------------

Gross profit                          1,609,741      2,981,050      1,057,502      1,674,327

Selling, general and
  administrative expenses             2,102,833      2,004,889      1,082,872      1,084,683
                                   ------------   ------------   ------------   ------------

Income (loss) from operations          (494,092)       976,161        (25,370)       589,644
                                   ------------   ------------   ------------   ------------

Other income (expenses):
  Interest expense                      (57,547)       (88,555)       (29,621)       (49,090)
  Gain (loss) on disposal of
    assets                                    -        (40,000)             -              -
                                   ------------   ------------   ------------   ------------

  Total other income (expenses)         (57,547)     ( 128,555)       (29,621)       (49,090)
                                   ------------   ------------   ------------   ------------

Income (loss) before income taxes      (587,639)       847,606        (90,991)       540,554

Income tax expense (benefit)                  -              -              -              -
                                   ------------   ------------   ------------   ------------
Net income (loss)                  $   (551,639)  $    847,606   $    (54,991)  $    540,554
                                   ============   ============   ============   ============

Net income per common share:
  Basic:
    Net income (loss) per common
      share                                (.15)           .22           (.01)           .14

  Diluted:
    Net income (loss) per common
      share                                (.15)           .10           (.01)           .06

Weighted average shares
  outstanding basic                   3,780,082      3,868,756      3,780,082      3,806,749
                                   ============   ============   ============   ============

Weighted average shares
  outstanding diluted                 3,780,082      8,868,756      3,780,082      8,806,764
                                   ============   ============   ============   ============
</TABLE>











                          See accompanying notes


                                     4
<PAGE>


                         LITEGLOW INDUSTRIES, INC.
                          STATEMENTS OF CASH FLOW
                                (unaudited)

<TABLE>
<CAPTION>
                                                      Six Months        Six Months
                                                         Ended             Ended
                                                        June 30,          June 30,
                                                          2003              2002
                                                     ------------      ------------
<S>                                                  <C>               <C>
Cash flows from operating activities:
    Net income (loss)                                $   (551,639)     $    847,606

Adjustments to reconcile net income to net:
  Cash provided by (used for) operating
  activities
    Depreciation and amortization                          43,273            37,242
    Allowance for doubtful accounts                        (2,297)          100,000
    Amortization of loan costs                             10,417            17,893
Changes in assets and liabilities:
    Accounts receivable - trade                          (141,712)       (1,450,663)
    Accounts receivable employees and other                 2,610
    Due from lender                                      (102,538)
    Inventory                                              58,117          (928,748)
    Prepaid expenses                                      (29,834)             (180)
    Deposits and other assets                                 749              (100)
    Deferred loan costs                                   (25,000)          (15,059)
    Accounts payable and accrued expenses                 (43,975)          940,358
                                                     ------------      ------------
Net cash (used for) operations                           (781,829)         (451,651)
                                                     ------------      ------------

Net cash (used in) provided from investing
  activities:
    Purchase of equipment                                  (3,451)         (147,079)
                                                     ------------      ------------

Net cash used for investing activities                     (3,451)         (147,079)
                                                     ------------      ------------

Cash flows from (used in) financing activities:
  Repayment from (loan to) stockholder                     21,788            (9,842)
  Purchase and retirement of treasury stock                                 (24,250)
  Proceeds from line of credit, net                       823,397           671,548
  Proceeds from long term debt                                               80,000
  Payments of long term debt and leases                   (23,218)          (69,071)
                                                     ------------      ------------
    Net cash provided by financing activities             821,967           648,385
                                                     ------------      ------------

Net increase in cash and cash equivalents                  36,687            49,655

Cash and cash equivalents, beginning of period             88,678             2,012
                                                     ------------      ------------
Cash and cash equivalents, end of period             $    125,365      $     51,667
                                                     ============      ============


Supplementary disclosure of cash flow information:
  Interest paid                                      $     57,547      $     88,555
                                                     ============      ============

Assets acquired with debt                            $          -      $     40,000
                                                     ============      ============
</TABLE>




                          See accompanying notes


                                     5
<PAGE>


                    LITEGLOW INDUSTRIES, INC.
                  NOTES TO FINANCIAL STATEMENTS
                          JUNE 30, 2003

NOTE 1: FINANCIAL STATEMENTS

The Company

The  accompanying  financial statements represent  those  of
Liteglow  Industries, Inc. (the "Company"). The Company  was
incorporated  April  25, 1984, in the  State  of  Utah,  and
qualified to do business in the State of Florida on May  23,
1997.  The  Company  primarily engages in  the  business  of
designing,  manufacturing and marketing a  diverse  line  of
automotive aftermarket accessory and specialty products. The
Company initially focused its efforts on developing  a  line
of   12-volt  automotive  accessories  designed  to  enhance
vehicle appearance, including neon license plate frames  and
neon under-car lighting kits.

Significant Accounting Policies

The  accounting  policies followed by the  Company  are  set
forth  in  Note  1  to  the Company's  financial  statements
included in its Annual Report on Form 10-KSB for the  fiscal
year ended December 31, 2002.

The balance sheet as of June 30, 2003, and the statements of
operation and cash flows for the three and six months  ended
June  30, 2003, and 2002, have been prepared by the  Company
without   audit.    In  the  opinion  of   management,   all
adjustments    (which   include   only   normal    recurring
adjustments)  necessary  to  present  fairly  the  financial
position, results of operations and cash flows at  June  30,
2003, and for all periods presented, have been made.

Certain   information  and  footnote  disclosures   normally
included  in the financial statements prepared in accordance
with  generally  accepted accounting  principles  have  been
condensed  or omitted.  It is suggested that these financial
statements  be  read  in  conjunction  with  the   financial
statements and notes thereto as of December 31, 2002.


NOTE 2: NET INCOME PER SHARE

Net  income  (loss) per share is determined by dividing  net
income   (loss)  by  the  weighted  average  common   shares
outstanding.  The Company has adopted Statement of Financial
Accounting  Standards (SFAS) No. 128, "Earnings  Per  Share"
which  simplifies the accounting for earnings per  share  by
presenting   basic   earnings  per  share   including   only
outstanding  common  stock and diluted  earnings  per  share
including  the effect of dilutive common stock  equivalents.
Convertible  preferred shares outstanding are  common  stock
equivalents and are included in the calculation of  earnings
per share to the extent they are dilutive using the treasury
stock  method  in  2002.  The Company's  basic  and  diluted
earnings  per  share are the same in 2003, as the  Company's
common stock equivalents are anti-dilutive.

During  December  1998, the Company created  and  authorized
1,000,000  shares,  par  value $.001  per  share  Series  A,
Convertible Preferred Stock.  The preferred stockholders are
entitled to the number of votes equal to the number of whole
shares  of common stock into which the preferred shares  are
convertible.   The  preferred shares  are  convertible  into
5,000,000 shares of common stock.

In  1998,  the Company issued 1,000,000 shares of  preferred
stock  to  the  Chairman of the Company.   This  transaction
resulted  in  the Chairman obtaining voting control  of  the
Company.



                               6
<PAGE>

                    LITEGLOW INDUSTRIES, INC.
                           FORM 10-QSB
                          JUNE 30, 2003

                 PART I - FINANCIAL INFORMATION
                 ------------------------------

Item 2

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
---------------------------------------------------------------

The   following  discussion  and  analysis  should  be  read   in
conjunction with the Financial Statements appearing elsewhere  in
this  Report.   It includes an analysis of the six  months  ended
June 30, 2003, and 2002, respectively.

Forward-Looking Statements
--------------------------

Except  for  the historical statements and discussions  contained
herein,  statements contained in this report constitute "forward-
looking statements" as defined in the Securities Act of 1933  and
the  Securities Exchange Act of 1934, as amended.  These forward-
looking  statements  rely on a number of  assumptions  concerning
future  events,  and  are  subject  to  a  number  of  risks  and
uncertainties  and other factors, many of which are  outside  the
control of the Company, that could cause actual results to differ
materially from such statements.

Readers  are cautioned not to put undue reliance on such forward-
looking  statements, each of which speaks only  as  of  the  date
hereof.   Factors and uncertainties that could affect the outcome
of  such forward-looking statements include, among others, market
and  industry  conditions,  increased  competition,  changes   in
governmental  regulations, general economic  conditions,  pricing
pressures,  and the Company's ability to continue its growth  and
expand  successfully into new markets and services.  The  Company
disclaims  any  intention or obligation  to  update  publicly  or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.


Results of Operations

Six Months Ended June 30, 2003 and 2002

Net  sales  for  the  six months ended June  30,  2003  were
$4,057,252 compared to net sales of $6,559,870 for  the  six
months  ended June 30, 2002.  For the six months ended  June
30,  2003  and  2002  costs  of sales  were  $2,448,511  and
$3,578,820  respectively.   The gross  profit  for  the  six
months  ended  June  30, 2003 and 2002  was  $1,609,741  and
$2,981,050, respectively.  The profit margins of the Company
have  decreased due to the pricing of products  relating  to
increased  volume  with major chain  stores  along  with  an
increased   percentage  of  returns  and  allowances.    The
Company's selling, general and administrative expenses  were
$2,102,833  compared to $2,004,889 for the six months  ended
June  30, 2003 and 2002, respectively.  The Company had loss
from  operations of $494,092 for the six months  ended  June
30,  2003  compared  to  a  net income  from  operations  of
$976,161 for the six months ended June 30, 2002.

The Company was a defendant in a patent infringement matter.
The  Company incurred legal costs of approximately  $240,000
defending itself during the six months ended June 30,  2003.
These  legal  costs  are included in  selling,  general  and
administrative expenses.  An agreement was made in July 2003
wherein this matter was settled.  Terms of the agreement are
protected under a confidentiality clause of the agreement.



                               7
<PAGE>


Three Months Ended June 30, 2003 and 2002

Net  sales  for  the three months ended June 30,  2003  were
$2,423,546 compared to net sales of $3,766,195 for the three
months ended June 30, 2002.  For the same periods, costs  of
sales  were  $1,366,044 and $2,091,868,  respectively.   The
gross  profit for the three months ended June 30, 2003,  and
2002  was  $1,057,502  and  $1,674,327,  respectively.   The
Company's selling, general and administrative expenses  were
$1,082,872 and $1,084,683, respectively.  The Company had  a
loss  from  operations of $25,370 compared  to  income  from
operations of $589,644 for the three months ended  June  30,
2003 and 2002 respectively.

Liquidity and Capital Resources
-------------------------------

The primary source of the Company's liquidity is from a line
of   credit  with  a  financial  institution.   The  Company
established this line on March 27, 2003. The line of  credit
has  a maximum limit of $2,500,000 and matures on March  31,
2004.  The line of credit requires that the Company maintain
a  tangible net worth of $1,150,000.  At June 30, 2003,  the
Company  was in violation of this covenant.  The Company  is
currently working to cure this default.

Declining  sales during the first six months  of  2003,  and
increase expenses has had a negative impact on the Company's
working capital, which has decreased to $243,738 at June 30,
2003,  from  $784,412 at December 31, 2002.   Total  current
assets increased to $3,905,170 at June 30, 2003 compared  to
$3,652,828  at  December  31, 2002; however,  the  Company's
total current liabilities have increased from $2,868,417  at
December 31, 2002 to $3,661,432 at June 30, 2003.

Liquidity and Capital Resources
-------------------------------

The   Company's   accounts  payable  and  accrued   expenses
decreased  to  $1,262,761  at  June  30,  2003  compared  to
$2,515,432 at December 31, 2002; however, amounts  owing  on
the  line of credit increased to $2,280,202 at June 30, 2003
compared  to $1,456,805 at December 31, 2002.  The Company's
total  current liabilities increased to $3,661,432  at  June
30,  2003 from $2,868,417 at December 31, 2002 primarily due
to  the losses incurred during the six months ended June 30,
2003 and increased short term borrowings.

The  Company's net cash used for operations was $781,829 for
the six months ended June 30, 2003 compared to net cash used
from  operations of $451,651 for the six months  ended  June
30,  2002.   Decreased  sales volume  and  litigation  costs
relating to the lawsuit described above contributed to  this
increase.

The   Company   believes  that  the  selling,  general   and
administrative  costs need to be reviewed  and  efforts  are
currently  under  way  to  reduce  the  Company's  operating
expenses.


                               8
<PAGE>



                    LITEGLOW INDUSTRIES, INC.
                           FORM 10-QSB
                          JUNE 30, 2003


Item 3.   Control and Procedures
          ----------------------

     (a)  Evaluation of Disclosure Controls and Procedures.
          ------------------------------------------------

Within  the  90  days prior to the date of this report,  Liteglow
Industries, Inc. ("the Company") carried out an evaluation, under
the  supervision  and  with the participation  of  the  Company's
management, including the Company's Chairman and Chief  Executive
Officer, of the effectiveness of the design and operation of  the
Company's disclosure controls and procedures pursuant to Exchange
Act  Rule  13a-14.  Based upon that evaluation, the Chairman  and
Chief  Executive Officer concluded that the Company's  disclosure
controls  and  procedures are effective in  timely  alerting  the
Company  to material information required to be included  in  the
Company's periodic SEC filings relating to the Company (including
its consolidated subsidiaries).

     (b)  Changes in Internal Controls
          ----------------------------

There  were  no  significant changes in  the  Company's  internal
controls  or  in  other  factors that could significantly  affect
these internal controls subsequent to the date of our most recent
evaluation.















                               9
<PAGE>

                    LITEGLOW INDUSTRIES, INC.
                           FORM 10-QSB
                          JUNE 30, 2003

                   PART II - OTHER INFORMATION
                   ---------------------------

Item 1 - Legal Proceedings
         -----------------

In  October  2002,  Theory3, Inc. sued Liteglow  Industries,
Inc.,  and  Meijer,  Inc., a customer of  the  Company,  for
patent  infringement  in  the U.S. District  Court  for  the
Southern   District  of  Florida.  The   Company   filed   a
counterclaim against Theory3, Inc. The claims arise  out  of
Theory3's  allegations that the Company infringes  Theory3's
U.S. Patent for a tire valve light that is motion-activated.
The  Company  has  reached a settlement of the  claims  with
Theory3   which  settlement  remains  pending  the  parties'
submission of formal settlement documents to the Court.


Item 2 - Changes in Securities
         ---------------------

     None


Item 3 - Defaults upon Senior securities
         -------------------------------

     None


Item 4 - Submission of Matters to Vote of Security Holders
         -------------------------------------------------

     None


Item 5 - Other information
         -----------------

On  May 7, 2003, the Company accepted the resignation of its
President,  Michael  Krumholz.   Mr.  Krumholz  leaves   the
Company with no disagreements.


Item 6 - Exhibits and reports on Form 8-K
         --------------------------------

Exhibit 32.1    Certification of Chief Executive Officer and
                Chief  Financial  Officer  pursuant  to  8  U.S.C.
                Section  1350, as adopted pursuant to Section  906
                of the Sarbanes-Oxley Act of 2002.

Exhibit 32.2    Certification of Chief Executive Officer and
                Chief Financial Officer pursuant to Exchange Act
                Sections 13(a) and 15(d) as required by Section
                302 of the Sarbanes-Oxley Act of 2002.

Reports         There were no reports filed on Form 8-K during the
                quarter ended June 30, 2003.















                               10
<PAGE>


                           SIGNATURES
                           ----------


Pursuant  to the requirements of the Securities Exchange  Act  of
1934, the registrant has duly caused this report to be signed  on
its behalf by the undersigned thereunto duly authorized.

                                   LITEGLOW INDUSTRIES, INC.


Date:  August  11,  2003           /s/   Spencer Krumholz
                                   ----------------------------------
                                   Spencer Krumholz,
                                   Chief Executive Officer
                                   & Chief Financial Officer