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Light Media Issues Q1-2014 Results
Published May 1 2014
5 min read

Light Media Issues Q1-2014 Results

ATLANTA, GA--(Global News Update ? May 1, 2014) - Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today its results for the quarterly-period ending March 31, 2014, as follows:

*  Revenues were $5,909 as of March 31, 2014.

 

*  Cost of sales were $1,235 as of March 31, 2014.

 

*  Selling, general and administrative expenses were $13,417 as of March 31, 2014.

 

Key LGMH Q1 2014 Accomplishments:

1.  Repurchased 10,000 common shares in open market transactions, at an average price of $0.125/share, resulting in 256,900 common shares purchased through March 31, 2014, leaving an available stock repurchase amount of 1,993,100 shares via previously-announced Stock Repurchase Program.

2. Exploring Program to Reconfigure & Relaunch Core Digital Platforms.

3.  Granted DTC Eligibility, as of February 26, 2014 with 3,314,018 common shares deposited into DTC as of April 30, 2014.

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 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.LightMediaHoldings.com; www.InvaluableMedia.com or www.HotChristianStocks.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.