Business
LGMH Network - Q1-2017
LGMH Network - Q1-2017.
About this update from Veri Medtech Holdings Inc.
[{"type":"text","content":"LGMH Q1-2017May 9, 2017 - Light Media (OTC Markets: LGMH), Inspirational Media \nSpecialist, announced today Q1-2017 summary, as follows: * Revenues were $606 as\nof March 31, 2017 versus $837 for the annual-period ending December 31, 2016.\n\n * Cost of sales were\n$151 as of March 31, 2017 versus $261 for the annual-period ending December 31, 2016. \n\n * Selling, general and\nadministrative expenses were $11,358 as of March 31, 2017 versus\n$10,156 for the annual-period ending December 31, 2016.* Company has switched efforts in seeking out advertisers/advertising partners for its Light Media Network, as the core platforms are now firmly in-place with banner ads displaying on all digital platforms (websites and apps).\n\nKey Milestones in Q1-2017\n\n \n\nAttained DWAC Eligibility\nAttained DRS Eligibility\nAttained FAST Eligibility\nLaunched InspirationalNewsNetwork.com\nAcquired StreamingMinistry.com\nRepurchased,\nas\nPart\nof\nPublicly\nAnnounced\nPlans\nor\nPrograms, 373,259 common shares via open market transactions, as of May 9, 2017 at\nan\naverage\nrepurchase\nprice\nof\n$.01055/share.\nCompany maintains active in pursuing opportunities for merger/acquisition.\nCompany's Light Media Network core platforms upgraded and moved to new server locations, increasing speed, data security and access times. See: www.LightMediaNetwork.com\nLight Media Network core composition: 117 Digital Domains; and 31 Apps (Itunes, Roku, Android, TuneIn).\nScheduling multiple digital product releases in Q2-2017.\n\n\nAbout Light Media: Light Media (OTC Markets: \nLGMH), Inspirational Media Specialist, markets, produces and distributes\n inspirational music, video, video games, print media and entertainment \nin the Inspirational Media space through its network of radio, Internet,\n television, print and special events global business platforms and \nmarketing and alliance partners, as well as manages a proprietary \ndigital advertising network and maintains an ownership interest in \nStreaming Media Technologies. Light Media has also been recognized as \nthe 20th publicly-traded radio/media conglomerate on the RBR-TVBR Media \nIndex. For more information, please visit: www.LGMH.com; \nwww.LightMediaHoldings.com; or www.InvaluableMedia.com.Cautionary Note Regarding Forward-Looking Statements: This press...