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Light Media (LGMH) Reports Q2-2015 Results
Published Aug 15 2015
4 min read

Light Media (LGMH) Reports Q2-2015 Results

Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today its results for the quarterly-period ending June 30, 2015, as follows:


*  Revenues were $1,479 as of June 30, 2015.



*  Cost of sales were $1,450 as of
June 30, 2015.


*  Selling, general and administrative expenses were $8,917 as of
June 30, 2015.

 

Key LGMH Q2-2015 Accomplishments:

1.         Apps Downloads Break 95,000 subscribers’ milestone surpassed, adding up to 1000 new verifiable App subscribers on average per week (consistently).

2.         Total aggregate number of shares repurchased, in open market transactions: 305,850 as of June 30, 2015, at an average repurchase price of $.0103/share. The company continues to consistently maintain active bids to repurchase common stock via open market transactions.

3.         Company successfully launched crowd-funding platform in beta: www.FaithFundMe.com and added three (3) advertising customers to Light Media Network (www.LightMediaNetwork.com). The company continues to seek out opportunities for innovative product and service launches, as well as strategic mergers or acquisition.

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; www.LGMH.net; www.HotChristianStocks.com; www.HotChristianStocks.WordPress.com; www.LightMediaNetwork.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.