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LGMH Network Q4 - 2023
Business
Feb 14 2024
4 min read

LGMH Network Q4 - 2023

February 14, 2024 - Atlanta, GA. (GLOBAL NEWS UPDATE) Light Media (OTC MARKETS: LGMH), Global Media Specialist, announced today its Q4 2023 Annual Update, as follows:


*  Cost-cutting initiatives for greater efficiency and effectiveness served the Company well, as Revenues nearly doubled from prior annual year-end period to approximately $43K.


*  Company has  to date repurchased 462,166 common shares of stock at an average repurchase price of $0.0152 per share.


*  Company anticipates a stronger 2nd half of 2024 in revenue due to firming up of asset-base.  Company also anticipates strong political advertising revenue in 2024 as well as Biden v. Trump II stage begins to set-up with Georgia being a key battle-ground state (a must-win for both candidates).


* Company has fully-integrated its multimedia assets (Light Media Network), with core/key, invaluable operating multi-media assets serving metro Atlanta (Market Rank #7).


*  Company continues to review potential opportunities for merger and/or acquisition, and remains in active ongoing analysis, seeking a strategic fit.


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. 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.