Light Media (OTC Markets: LGMH), Inspirational Media Specialist,
announced today that, in addition to attaining full eligibility Depository Trust & Clearing
Corporation ("DTC") Eligibility, the company has now attained full DWAC and FAST eligibility for the
company's common shares trading under the stock ticker symbol
(LGMH).
Through multiple operating facilities and
data centers around the world, DTC and its subsidiary companies automate, centralize, and
standardize the processing of financial transactions for thousands
of institutions worldwide, processing securities transactions
valued at approximately US$1.7 quadrillion for example in 2011 alone. Expert
guidance and consultation in securing DTC, DWAC and FAST Eligibility for LGMH was facilitated by VStock Transfer.
"DWAC and FAST eligibility are essential to all public issuers, like Light Media, because these key mechanisms provide market makers and
brokerage firms with an efficient and effective means of making,
moving and settling trades electronically (paperless trading),
thereby enabling greater liquidity and expansion of the pool of
prospective shareholders worldwide," said
Danny Wilson, CEO, Light Media.
About DTCC: Through multiple
operating facilities and data centers around the world, DTCC and
its subsidiary companies automate, centralize, and standardize the
processing of financial transactions for thousands of institutions
worldwide. With 40 years of experience, DTCC is the premier
post-trade market infrastructure for the global financial services
industry, simplifying the complexities of clearance, settlement,
asset servicing, global data management and information services
for equities, corporate and municipal bonds, government and
mortgage-backed securities, derivatives, money market instruments,
syndicated loans, mutual funds, alternative investment products,
and insurance transactions. In 2011, DTCC's subsidiaries processed
securities transactions valued at approximately US$1.7 quadrillion.
Its depository provides custody and asset servicing for securities
issues from 122 countries and territories valued at US$39.5
trillion. DTCC's global OTC derivatives trade repositories record
more than US$500 trillion in gross national value of transactions
made worldwide across multiple asset classes.
About VStock Transfer: VStock
Transfer is a stock transfer agent providing best-in-class service
combined with a cost savings structure. Founded by lawyers and
managed by lawyers to better service companies, counsel and
shareholders, VStock Transfer offers a unique combination of
technology and proactive, energetic, personalized and experienced
customer service. We believe that people buy from people. We pride
ourselves on offering a personal relationship with each of our
clients while offering the benefit of our knowledge, experience and
responsiveness. VStock Transfer offers services online that provide
you and your shareholders with up to the minute data, reports and
powerful online tools to enhance your stock transfer experience and
make stock option administration a seamless process. For more
information, please visit: www.VStockTransfer.com.
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 has also been recognized as the 20th publicly-traded radio/media
conglomerate on the RBR-TVBR Media Index. For more information, please
visit: www.LGMH.com; www.LightMediaHoldings.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.
Light Media (LGMH) Granted DTC Eligibility
Nachrichtenquelle: Marketwired
| 26.02.2014, 16:25 | 381 | 0 | 0
ATLANTA, GA--(Marketwired - Feb 26, 2014) - Light Media (OTC Pink:
LGMH), Inspirational Media Specialist, announced that it has attained
Depository Trust & Clearing Corporation full eligibility ("DTC
Eligibility") for the company's common shares trading under the stock
ticker symbol (LGMH). Through multiple operating facilities and data
centers around the world, Depository Trust & Clearing Corporation
and its subsidiary companies automate, centralize, and standardize the
processing of financial transactions for thousands of institutions
worldwide, processing securities transactions valued at approximately
US$1.7 quadrillion in 2011 alone. Expert guidance and consultation in
securing DTC Eligibility for LGMH was powered and facilitated by VStock
Transfer, in close cooperation with RTCO. Additionally, as further
described below, Light Media confirmed that it has repurchased 256,900
common shares.
"Attaining full DTC eligibility is essential to micro-caps, like Light
Media, because it provides market makers and brokerage firms with an
efficient and effective means of making, moving and settling trades
electronically (paperless trading), thereby enabling greater liquidity
and expansion of the pool of prospective shareholders worldwide. Having
reached this milestone, LGMH continues forward on the steady trek to
higher ground," said Danny Wilson, CEO, Light Media. Heb. 10:36.
Stock Repurchase Update: On February 21, 2014, Light Media repurchased
10,000 common shares, in open market transactions, at an average price
of $0.0125 per share. Light Media has repurchased 256,900 common shares,
via open market transactions at an average price of $0.0098 per share,
through February 24, 2014, leaving an available stock repurchase amount
of 1,993,100 common shares via previously-announced Stock Repurchase
Program.
About DTCC: Through multiple operating facilities and data centers
around the world, DTCC and its subsidiary companies automate,
centralize, and standardize the processing of financial transactions for
thousands of institutions worldwide. With 40 years of experience, DTCC
is the premier post-trade market infrastructure for the global financial
services industry, simplifying the complexities of clearance,
settlement, asset servicing, global data management and information
services for equities, corporate and municipal bonds, government and
mortgage-backed securities, derivatives, money market instruments,
syndicated loans, mutual funds, alternative investment products, and
insurance transactions. In 2011, DTCC's subsidiaries processed
securities transactions valued at approximately US$1.7 quadrillion. Its
depository provides custody and asset servicing for securities issues
from 122 countries and territories valued at US$39.5 trillion. DTCC's
global OTC derivatives trade repositories record more than US$500
trillion in gross national value of transactions made worldwide across
multiple asset classes.
About VStock Transfer: VStock Transfer is a stock transfer agent
providing best-in-class service combined with a cost savings structure.
Founded by lawyers and managed by lawyers to better service companies,
counsel and shareholders, VStock Transfer offers a unique combination of
technology and proactive, energetic, personalized and experienced
customer service. We believe that people buy from people. We pride
ourselves on offering a personal relationship with each of our clients
while offering the benefit of our knowledge, experience and
responsiveness. VStock Transfer offers services online that provide you
and your shareholders with up to the minute data, reports and powerful
online tools to enhance your stock transfer experience and make stock
option administration a seamless process. For more information, please
visit: www.VStockTransfer.com.
About Registrar & Transfer Co. (RTCO): Founded in 1899, Registrar
and Transfer Company is the nation's oldest, most widely respected
specialist in the stock transfer business. Over the years, thousands of
banks and public companies, such as Inland Real Estate Corporation,
Praxair Inc., Dillards Inc., Chico's FAS Inc., M&T Bank Corporation,
and BancorpSouth, Inc, trading on all U.S. exchanges, have relied on us
to provide efficient, complete, in-house services with the very highest
standards of professional, yet personal customer service. At R&T,
we add true value to your organization by providing unparalleled service
and quality for very low fees. We pride ourselves in being an industry
leader with the expertise and flexibility to quickly recognize and adapt
to the changing needs of our clients and their investors. For more
information, please visit: www.RTCO.com.
About Light Media: Light Media (OTC Pink: 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. For more information,
please visit: www.LGMH.com; www.LightMediaHoldings.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 Pink: 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.
Light Media (LGMH) Granted DTC Eligibility | wallstreet-online.de - Vollständiger Artikel unter:
http://www.wallstreet-online.de/nachricht/6603237-light-media-lgmh-granted-dtc-eligibility
