Light Media (LGMH) Issues Q4-2021 Update
February 15, 2022 - Atlanta, GA. (GLOBAL NEWS UPDATE) Light Media (OTC MARKETS: LGMH), Global Media Specialist, announced today its Q4 2021 Annual Update, as follows:
* Revenues rose 60% from prior quarter to approximately $50K. Company has 15 concerts on tap for 2022, which it is tying to sponsorships. Assuming no further virus outbreaks and full opening, Company anticipates a stronger 2nd half of 2022 in revenue. Company also anticipates strong political advertising revenue in 2022 as well. Progress continues to be made on all fronts, notwithstanding virus outbreak impacting momentum.
* Company divested its blockchain assets, in order to maintain focus on Light Media Network. This transaction is designed to be accretive, but is dependent upon further confidential strategic developments in-process.
* Company won major RFP, but due to Cov-19, Omnicron Supply Chain issues, was not able to realize substantial advertising contract benefit from confidential Fortune 500 client seeking to leverage Light Media Network in metro Atlanta (delayed pending supply chain correction).
About Light Media: Through its internet, radio, television, print and special events asset platforms, Light Media (OTC: LGMH) specializes in the marketing and distribution of inspirational music, video, apps (audio, visual, games) and entertainment worldwide, as well as cryptocurrency-centric platforms and technology. LGMH has been steadily investing and reinvesting in its quest to build a leading, global multi-media conglomerate by delivering to the chosen target market community environments. Light Media is recognized by RBR as one of the Top 25 US-based publicly-traded radio/media companies, and by NYU School of Business as one of the Top 1000 media companies in the world. For more information, please visit: www.LightMediaNetwork.com. To listen to Light Medias flagship radio station franchise The King, serving Top 10 US Media market of Metro Atlanta, Georgia, please visit: www.1055TheKing.com. For more information, please visit: www.LightMediaNetwork.com; www.LightMediaHoldings.com; www.InvaluableMedia.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.