Light Media Reports Q2 2013 Results
ATLANTA, GA--(Global News Update ? July 25, 2013) - Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today its results for the quarterly-period ending June 30, 2013, as follows:
- Revenues were $6,880 as of June 30, 2013. - Cost of sales were $875 as of June 30, 2013.
- Selling, general and
administrative expenses were $7,460 as of June 30,
2013.
- Open Market Stock Repurchases were 107,000 common shares at an average price of $0.010 per share as of June 30, 2013 (representing an approximately 400% increase in stock repurchases versus fiscal quarterly-end period March 31, 2013 when 28,000 shares were repurchased also, at an average price of $0.010 per share).
Key LGMH (Q2 2013) Accomplishments and Activities:
1. Released Six (6) Digital Media Apps to Version 1.1 in iTunes and Android (over 17,000 downloads to date).
2. Repurchased 107,000 common shares in open market transactions, at an average price of $0.010/share, leaving an available stock repurchase amount of 2,104,000 shares, via previously-announced Stock Repurchase Program.
3. Initiated research on viable/strategic fit media partner/merger/acquisition candidates.
4. Internet Portfolio: 87 Top-Level Domain Names Owned.
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.HotChristianStocks.com; www.LGMH.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.