LIGHT MEDIA ENTERS INTO STRATEGIC MERGER AGREEMENT
Alternative Medicine, Telemedicine and Healthcare AI - Forecast Explosive Growth Trajectory
FOR IMMEDIATE RELEASE
ATLANTA, GA, July 1, 2024. GLOBE Newswire -- Light Media Holdings, Inc. (OTC Markets: (LGMH) ("Light Media") today announced that it has entered into a strategic merger agreement with Veri Holdings (VRHI) (Veri Holdings"). Veri Holdings, since 2016, operates as a curator of opportunities, transcending conventional boundaries in healthcare via alternative medicine, telemedicine and artificial intelligence. For more information, visit: www.VeriHoldings.com.
Market Forecasts: Alternative Medicine is projected to experience significant growth, anticipated to escalate from a valuation of USD 143.79 billion in 2023 to nearly USD 1190.19 billion by 2032. Telemedicine Market Size is Expected and Anticipated to Reach USD 869.22 billion by 2033. Artificial intelligence in the healthcare market was valued at USD 16.3 billion in 2022 is expected and anticipated to grow at a CAGR of 40.2% to reach USD 173.55 billion by 2029.
Veri Holdings intends to raise up to $20 million, led by Network 1 Financial Securities, and uplist the company to a higher exchange (e.g. Nasdaq, NYSE). In this regard, Veri Holdings has retained PCAOB registered auditors and reserved stock symbol (VRHI).
The parties anticipate that in connection with the transaction, the shares of Light Media will be combined in a reverse split that is anticipated to range from 1 new share for every existing 20 shares.
The common stock of the combined company will continue to trade on www.OTCMarkets.com. The company will complete a spin-off and name change to reflect its new focus on global opportunities in Telemedicine, Alternative Medicine and Healthcare AI.
About Veri Holdings: Veri Holdings operates as a curator of opportunities, transcending conventional boundaries in healthcare. From weight loss to skincare, our custom Electronic Medical Records (EMRs) serve as keys to unlocking conversations that many shy away from. Genetic testing, once relegated to scientific curiosity, now represents a proactive step toward a healthier tomorrowa testament to our commitment to innovation through technology. The possibilities within our grasp are boundless. For more information, please visit: www.Veriholdings.com
About Network 1 Financial Securities:
Network 1 Financial Securities, a FINRA registered broker-dealer assisting middle market private and public companies in all areas of capital markets formation, is acting as adviser to the parties in connection with the transaction.
Network 1 Financial is a full-service Investment firm founded in 1983. Our principals have over 50 years of combined experience in the securities industry working with both public and private companies. We specialize in the areas of Trading and Investment Banking. Services include IPO's, Private placements, Market Making, 144 Sales, Private Client Management and Investment Advisory. Member NASD/SIPC/MSRB.
Forward Looking Statements
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.