EXHIBIT 99.1

                               Corporate & financial news release

SCOTT’S LIQUID GOLD-INC. REPORTS 2019 RESULTS

2019 Highlights:

Fourth Quarter 2019 Highlights:

DENVER, COLORADO – March 17, 2020 – Scott’s Liquid Gold-Inc. (OTC: SLGD) today announced operating results for the three months ended December 31, 2019, as well as the full 2019 year.  

President and Chief Executive Officer Mark Goldstein stated, “Even though sales were soft versus year-ago, shipments of our Alpha Skin Care product to China helped to stabilize fourth quarter sales and margins.  An asset impairment charge and expenses related to our manufacturing transition and Kids N Pets acquisition significantly contributed to our loss positions for Q4 and full year 2019.  

While 2019 was a challenging year with respect to our China sales, we had significant accomplishments during the year. We reformulated and relaunched our key Alpha Skin Care products in response to Chinese FDA regulation. We managed to trim expenses to offset lower sales. Our team successfully integrated the acquisition of Kids N Pets brands. We also developed and launched two new products during 2019, our Denorex Daily hair care product and SLG One Clean Home, a multi-surface cleaner and polish. Finally, on March 10^th, we closed on the sale of our manufacturing facility to strategically shift our operational platform. We have worked diligently to ensure a smooth transition to outsourced manufacturing over the course of 2020.

In the face of difficult circumstances this year, I am proud of the team’s response and how we have positioned the Company to drive shareholder value going forward.” 

Net sales

Net sales for the three months ended December 31, 2019 decreased $1.0 million compared to the same period in 2018.  This was primarily due to decreased distributed product sales as a result of slower overall facemask category sales and slower Batiste Dry Shampoo sales. These were partially offset by net sales associated with our October 1, 2019 Kids N Pets acquisition.

Net sales for the year ended December 31, 2019 decreased $8.6 million compared to 2018 primarily due to the impact of increased tariffs and Chinese regulatory changes on our Alpha Skin Care brand. We resumed our Alpha export shipments to China in late September after a four-month delay.  Our sales decrease was also driven by decreased sales for our 7^th Heaven facemasks and Batiste Dry Shampoo. These decreases were partially offset by our Kids N Pets acquisition.

Net Loss

Net income for the three months ended December 31, 2019 was $2,000, compared to net income of $0.1 million for the three months ended December 31, 2018. The decrease was primarily attributable to a $0.3 million impairment charge related to held for sale property and equipment and acquisition-related and other business development expenses incurred during the fourth quarter of 2019. These were partially offset by income from our Kids N Pets acquisition.

Net loss for 2019 was $0.7 million, compared to net income of $2.2 million for 2018. The $2.9 million decrease was primarily attributable to decreased Alpha Skin Care sales due to Chinese tariff impacts and regulatory changes, our decrease in distributed product segment sales, a $0.3 million impairment charge, and acquisition-related and other business development expenses that we incurred during 2019. The decrease was partially offset by positive fourth quarter 2019 income from our Kids N Pets acquisition.

Cash Flow

Cash flow from operating activities was $0.7 million for 2019, as compared to $3.1 million for the same 2018 period.  Much of the decrease in operating cash flow was attributable to a conscious effort to build inventory during the fourth quarter of 2019 in anticipation of our strategic shift to outsource manufacturing operations.

About Scott’s Liquid Gold-Inc.

Scott’s Liquid Gold-Inc. develops, markets, and sells high-quality, high-value household and personal care products nationally and internationally to mass merchandisers, drugstores, supermarkets, hardware stores, e-commerce retailers, other retail outlets, and to wholesale distributors.  Over the last 65+ years we have developed a reputation for delivering products that consumers know and trust.

Our flagship product, Scott’s Liquid Gold^® Wood Care, is a leader in its category and is known for bringing life back to and protecting all types of natural wood surfaces.  Our Kids N Pets^® brands are award winning, biodegradable, safe, nontoxic, stain and odor removing products targeted toward households with children and pets.

Scott’s Liquid Gold-Inc. also owns Neoteric Cosmetics, a personal care company with a rich history of offering products that deliver high-quality, proven results that customers expect. Neoteric’s personal care products are embraced and respected by both medical professionals and consumers alike and include brands such as Alpha^® Skin Care, Prell^®, and Denorex^®.  Neoteric Cosmetics is also the proud American distributor of 7^th Heaven skin care products and the specialty channel distributor for Batiste Dry Shampoo.  

SCOTT’S LIQUID GOLD-INC. & SUBSIDIARIES

Consolidated Statements of Operations

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SCOTT’S LIQUID GOLD-INC. & SUBSIDIARIES

Consolidated Balance Sheets

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SCOTT’S LIQUID GOLD-INC. & SUBSIDIARIES

Consolidated Statements of Cash Flows

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Note Regarding Forward-Looking Statements

This news release may contain "forward-looking statements" within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" generally can be identified by the use of forward-looking terminology such as "assumptions," "target," "guidance," “strategy,” "outlook," "plans," "projection," "may," "will," "would," "expect," "intend," "estimate," "anticipate," "believe”, "potential," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology.

Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and the Company's subsequent Quarterly Reports on Form 10-Q and other reports filed with the Securities and Exchange Commission. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent filings with the Securities and Exchange Commission.

Investor Relations Contact:

Kevin Paprzycki, CFO

303.576.6032