ATLANTA and NEW YORK, May 16,
2012 /PRNewswire/ -- Light Media (OTC Markets: LGMH),
Inspirational Media Specialist, announced today its results for the
quarterly-period ending March 31,
2012 as compared to the quarterly-period ending March 31, 2011), as follows:
- Revenues were $20,197 as of
March 31, 2012 versus $10,585 for the quarter-ended March 31, 2011.
- Cost of sales were $5,069 as of
March 31, 2012 versus $4,131 for the quarter-ended March 31, 2011.
- Selling, general and administrative expenses were $23,442 as of March 31,
2012 versus $13,261 for the
quarter-ended March 31, 2011.
Three (3) Key LGMH Q1 2012 Media Platform Synergy
Accomplishments:
- Attained Apple IOS Developer Certification, enabling
development and deployment of iPhone/iPad Apps.
- 3 New Product Releases.
- 24 New Advertising partners.
"Light Media continues to make great strides and progress on
multiple fronts. Specifically: (1) Light Media is free to develop
and deploy its own proprietary smartphone Apps; (2) Light Media is
free to develop, sell and market its own products and services
across its asset base; and (3) Light Media is free to creatively
and seamlessly partner with advertisers across the Light Media
Network. Synergy remains priority #1, and Light Media
continues to closely tie together its platform products, technology
and distribution in one seamless continuum and 2012 is proving to
be another exciting year with more news to come," said
Danny Wilson, CEO of Light Media.
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.
Contact:
Light Media PR
lightmedia123@gmail.com
SOURCE Light Media
