LGMH Q1-2017
May 9, 2017 - Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today Q1-2017 summary, as follows:
* Revenues were $606 as of March 31, 2017 versus $837 for the annual-period ending December 31, 2016.
* Cost of sales were $151 as of March 31, 2017 versus $261 for the annual-period ending December 31, 2016.
* Selling, general and administrative expenses were $11,358 as of March 31, 2017 versus $10,156 for the annual-period ending December 31, 2016.
* Company has switched efforts in seeking out advertisers/advertising partners for its Light Media Network, as the core platforms are now firmly in-place with banner ads displaying on all digital platforms (websites and apps).
Key Milestones in Q1-2017
- Attained DWAC Eligibility
- Attained DRS Eligibility
- Attained FAST Eligibility
- Launched InspirationalNewsNetwork.com
- Acquired StreamingMinistry.com
- Repurchased, as Part of Publicly Announced Plans or Programs, 373,259 common shares via open market transactions, as of May 9, 2017 at an average repurchase price of $.01055/share.
- Company maintains active in pursuing opportunities for merger/acquisition.
- Company's Light Media Network core platforms upgraded and moved to new server locations, increasing speed, data security and access times. See: www.LightMediaNetwork.com
- Light Media Network core composition: 117 Digital Domains; and 31 Apps (Itunes, Roku, Android, TuneIn).
- Scheduling multiple digital product releases in Q2-2017.
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 and maintains an ownership interest in Streaming Media Technologies. 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 theintent, 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.