ATLANTA and NEW YORK, May 14,
2012 /PRNewswire/ -- Light Media (OTC Markets: LGMH),
Inspirational Media Specialist, issued the following letter and
Corporate Credo today:
DEAR CURRENT AND PROSPECTIVE SHAREHOLDERS OF LIGHT
MEDIA:
As a private company, there are only so many friends and family
who will support you, see/get your vision or even have the means,
understanding or capacity to stand with you as you put in the time
to achieve your goals. With that being said, at some point in
every private company's life-cycle a decision will be made to find
capital either via loans, divestitures, search for investors or as
Light Media chose in 2009: to become a publicly-traded
company.
For every positive thing that I heard about being public, I also
heard negative things. I also read how Sarbanes-Oxley, cost
of compliance, was driving many companies off of the major stock
exchanges and into the OTC Markets and all of this right in the
midst of the Great Recession. So, I looked at surveyed
options and this is what I saw: Bank lending to small businesses at
a halt, private investors scared to death of market turmoil after
seeing their 401(k)s wiped out, and I thought, "if so many small,
medium and large companies can trade via OTCMarkets.com and make it
work (over $500mm in trading volume), then why not LGMH?" So,
I took the necessary steps to invest the substantial time and
resources to file an application with FINRA and go through the
rigorous FINRA due diligence process in order to be granted a stock
ticker symbol, with the hope of being able to rise above the
fray. On January 14, 2010 after
seven (7) months of arduous review, FINRA granted Light Media the
stock symbol identified as: LGMH.
Light Media became a public company for three (3) primary
reasons: (1) to be able to raise capital; (2) to be able to
complete mergers and acquisitions; and (3) to be able to maximize
corporate value, community well-being and shareholder wealth.
There are no other reasons, and these are the three (3) primary
purposes of Light Media being public today, which are also three
key reasons for being a publicly-traded company listed on websites
which prescribe services to take companies public, and also noted
by academics, investment banks, etc.
However, what I have seen real-time over the past 2 years of
being a micro-cap, publicly-traded company is that the race is more
often won by those who do endure. I have also watched many
companies recklessly abuse their Stock Symbol ("privilege") and
that abuse has not only destroyed those companies ultimately, but
also their destruction has had a negative impact on all micro-caps,
who are trying to use the OTC Markets platform for its intended
purpose: to help companies grow, generate jobs, etc., etc.
As such, I decided to write a Corporate Credo for Light Media
(see below) which will hopefully give current and prospective
shareholders some guidance or insight as to how Light Media will
work around the clock to operate as a publicly-traded company and a
good steward of the Stock Symbol privilege granted by FINRA, to be
able to have common stock trade and be in position: (1) to be able
to raise capital; (2) to be able to complete mergers and
acquisitions; and (3) to be able to maximize corporate value,
community well-being and shareholder wealth. Importantly,
please know that I have always seen the OTC Markets as a
first-step/stepping stone, for graduation to a higher stock
exchange or trading level. However, in all things, crawling before
walking is a path and these are just initial first steps of Light
Media, as we continue the trek to higher ground.
Thank you for taking the time to read this correspondence, as
well as for your support, and for thinking of Light Media as a part
of your diversified investment portfolio. My goal now is to
more closely align not only with strategic partners, but also with
shareholders and community stakeholders who too believe and see the
vision to: use inspirational and enlightening multi-media products,
technology and distribution platforms, as powerful tools to
maximize corporate value, community well-being and shareholder
wealth.
Sincerely,
Danny Wilson, CEO
OTC Markets: LGMH
www.LightMediaHoldings.com
Light Media PR
lightmedia123@gmail.com
Light Media (OTC Markets: LGMH)
CORPORATE CREDO
I. LIGHT MEDIA IS AN INSPIRATIONAL MEDIA SPECIALIST AND
WILL ALWAYS BEAN INSPIRATIONAL MEDIA SPECIALIST.
II. UNLESS A MATERIAL CORPORATE DEVELOPMENT ARISES,
REQUIRING IMMEDIATE DISSEMINATION, LIGHT MEDIA WILL AVOID THE
ISSUANCE OF MORE THAN TWO (2) PRESS ANNOUNCEMENTS PER WEEK.
III. LIGHT MEDIA WILL NEVER INITIATE AND WILL NEVER
AUTHORIZE INITIATION OF A REVERSE SPLIT OF ITS COMMON STOCK.
IV. LIGHT MEDIA WILL NOT DESTROY ITS PUBLIC FLOAT AND WILL
NOT DILUTE ITS LOYAL SHAREHOLDERS OUT OF EXISTENCE BY RECKLESSLY
AUTHORIZING AND/OR ISSUING BILLIONS OF SHARES.
V. LIGHT MEDIA WILL MAKE NEWS ANNOUNCEMENTS THAT ARE RELEVANT,
VERIFIABLE AND OF GENUINE INTEREST TO ITS SHAREHOLDERS AND THE
INVESTMENT COMMUNITY.
VI. LIGHT MEDIA WILL NOT ASSOCIATE OR IMMEDIATELY
DISASSOCIATE WITH ANY INDIVIDUALS, INSTITUTIONS OR ENTITIES OF
QUESTIONABLE CHARACTER, MORALITY OR ETHICS.
VII. LIGHT MEDIA WILL BE PRUDENT, PATIENT AND STRIVE FOR
PERFECTION IN ACHIEVING GOALS OR MAXIMIZING OPERATIONAL EFFICIENCY
AND EFFECTIVENESS.
VIII. LIGHT MEDIA WILL STRIVE TO BE THE BEST
PUBLICLY-TRADED COMPANY POSSIBLE, AND USE THE OTC MARKETS OR
PUBLIC-MARKETS INVESTMENT PLATFORM AS A TOOL TO MAXIMIZE CORPORATE
VALUE, COMMUNITY WELL-BEING AND SHAREHOLDER WEALTH.
IX. LIGHT MEDIA WILL WORK RELENTLESSLY TO MAXIMIZE
CORPORATE VALUE, COMMUNITY WELL-BEING AND SHAREHOLDER WEALTH, VIA
HARD WORK, PERSEVERANCE, FULFILLMENT OF GOALS AND DEPLOYMENT OF
STRATEGIES WHICH ARE LONG-TERM ACCRETIVE.
X. LIGHT MEDIA WILL COMPETE VIGOROUSLY AND FAIRLY, AS A
GOOD STEWARD AND SOCIALLY-RESPONSIBLE INSPIRATIONAL MULTI-MEDIA
CONGLOMERATE, FOCUSED ON MAKING A POSITIVE DIFFERENCE IN THE GLOBAL
COMMUNITY, ADVANCING GOODWILL AND THE COMMON GOOD.
ADOPTED: MAY 14, 2012
About Light Media: Light Media (OTC Markets: LGMH),
Inspirational Media Specialist, markets, produces and distributes
inspirational music, video, video games, print media and
entertainment in the Inspirational Media space through its network
of radio, Internet, television, print and special events global
business platforms and marketing and alliance partners. Light
Media is also the 20th publicly-traded radio/media conglomerate
(member) of the prestigious RBR-TVBR Stocks Index (see full
RBR-TVBR Media Index listing at: www.RBR.com. To listen to
Power 105.5/The King, please visit:
www.Power105TheKing.com. For more information, please
visit: www.LightMediaHoldings.com; www.InvaluableMedia.com or
www.HotChristianStocks.com.
Cautionary Note Regarding Forward-Looking
Statements: This press release contains statements, which
may constitute "forward-looking statements" within the meaning of
the Securities Act of 1933 and the Securities Exchange Act of 1934,
as amended by the Private Securities Litigation Reform Act of 1995.
Those statements include statements regarding the intent,
belief or current expectations of Light Media (OTC: "LGMH") and
members of its management as well as the assumptions on which such
statements are based. Prospective investors are cautioned
that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, and that
actual results may differ materially from those contemplated by
such forward-looking statements.
SOURCE Light Media
