ATLANTA, GA--(Global News Update – May 1, 2015) - Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today its results for the quarterly-period ending March 31, 2015, as follows:
* Revenues were $(5,271) as of March 31, 2015. Note: New Product releases delayed to: Summer/Fall 2015, as a result of construction on LightMediaNetwork.com, as a part of a focused effort to diversify income streams (with first client added).
* Cost of sales were $1,255 as of March 31, 2015.
* Selling, general and administrative expenses were $11,521 as of March 31, 2015.
Key LGMH Q1-2015 Accomplishments:
1. Apps Downloads Break 85,000 subscribers’ milestone surpassed, adding up to 1000 new verifiable App subscribers on average per week (consistently).
2. Granted DTC Eligibility on February 26, 2014, with 7,274,977 common shares deposited into DTC, and a float of 9,779,600 common shares as of February 9, 2015.
3. Total aggregate number of shares repurchased, in open market transactions: 305,850 as of April 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.
4. Completed Construction on Light Media Network, with first client added (see: www.AmenFilms.com). Digital Network comprised of up to 100 digital properties focused on the 14-44 demo in the inspirational media space. Objective: Diversify revenue-stream, adding Ad Network component, in addition to product sales. For more information, please see: www.LightMediaNetwork.com.
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.
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.