Business
Light Media Q1-2016 Results
Light Media Q1-2016 Results.
About this update from Veri Medtech Holdings Inc.
[{"type":"text","content":"\n \n Normal\n 0\n \n \n \n \n false\n false\n false\n \n EN-US\n X-NONE\n X-NONE\n \n \n \n \n \n \n \n \n \n \n \n \n \n MicrosoftInternetExplorer4\n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\nLight Media (OTC Markets: LGMH),\nInspirational Media Specialist, announced today its results for the quarterly-period ended\nMarch 31, 2016, as follows: \n\n * Revenues were -$3,001 as of March\n31, 2016 versus $9,434 for the annual-period ending December 31, 2015.\n\n * Cost of sales were $0.00 as\nof March 31, 2016 versus $5,983 for the annual-period ending December 31, 2015. \n\n * Selling, general and\nadministrative expenses were $6,761 as of March 31,\n2016 versus $10,246 for the annual-period ending December 31, 2015.\n\nNote: Company did not distribute any\nnew music releases in Q1-2016, as it focused primarily on fully-implementing\nLight Media Network. Three Music Releases are scheduled for 2016\n(Summer/Fall/Winter). This lack of new product releases impacted Revenues, Cost\nof Sales and Operating Costs. However, the company believes that with Light\nMedia Network fully-completed, that it should be better equipped to market and\npromote new product releases, as well as generate advertising revenues from\nclients seeking positioning and presence within and throughout the\nInspirational Media space.\n\n Key Milestones in Q1-2016\n\n \n\nInstalled\n Analytics and Ad Network Throughout the Light Media Network (www.LightMediaNetwork.com).\n\n\n\n \n\nImplemented\n Inspirational Urban Video Platform (Ad-Enabled).\n\n\n\n \n\nLaunched\n LGMH App: www.LGMH.com\n (Android/GooglePlay Store)\n\n\n\n \n\nAbout Light Media: Light Media (OTC Markets: LGMH), Inspirational Media Specialist, markets, produces\nand distributes inspirational music, video, video games, print media and\nentertainment in the Inspirational Media space through its network of radio,\nInternet, television, print and special events global business platforms and\nmarketing and alliance partners. Light Media is also the 20th\npublicly-traded multimedia conglomerate in the United States (see: www.RBR.com). For more information, please visit: www.LGMH.com; \nwww.LightMediaHoldings.com;\nwww.InvaluableMedia.com\nor www.HotChristianStocks.com. \n\n\n \n\nCautionary Note Rega...