LIGHT MEDIA ENTERS INTO LOI TO MERGE
FOR IMMEDIATE RELEASE
ATLANTA, GA, June 28, 2024. GLOBE Newswire -- Light Media, Inc. (OTC Markets: (LGMH) ("Light Media") today announced that it has entered into a letter of intent ("LOI") to engage in a strategic merger transaction with Veri Holdings (VRHI) (“Veri Holdings"). Veri Holdings operates as a curator of opportunities, transcending conventional boundaries in healthcare via telemedicine and artificial intelligence. For more information, visit: www.VeriHoldings.com.
Veri Holdings intends to raise up to $5 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).
Completion of the transaction is subject to the completion of a definitive agreement and related documentation. 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.
After closing (the "Closing") of the anticipated merger, the common stock of the combined company would 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 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 tomorrow—a 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.