March 28, 2019 - Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today Q4-2018 summary, as flows:
* Revenues were $2,304 as of December 31, 2018 versus $1,232 for the quarterly-period ending September 30, 2018.
* Cost of sales were $507 as of December 31, 2018 versus $122 for the quarterly-period ending September 30, 2018.
* Selling, general and administrative expenses were $8,244 as of September 30, 2018 versus $8,914 for the quarterly-period ending Septemer 30, 2018.
Key Milestones in Q4-2018
1. Restructuring 105.5 FM/AM 1430 The King radio station operations and eliminated 75% of operating costs. To (listen live (outside of the listening area) at: www.105TheKing.com) or via tunein online at: https://tunein.com/radio/1055-FM-The-King-s296667/ serving the Top 10 Nielsen-rated Metro Atlanta media market.
2. Signed Agreement with Comcast Cable Corporation and launched company's new video channel known as "INN" (Inspirational News Network) on Comcast Xfinity 1 (Big South Region - phase 1).
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, as well as manages a proprietary digital advertising network (100+ digital domains/apps, 2 radio staitons, 1 television network ). Light Media has also been recognized as the 20th publicly-traded radio/media conglomerate on the RBR-TVBR Media Index. For more information, please visit: www.LightMediaNetwork.com; www.LGMH.com; or 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.