* Revenues were $14,119 as of June 30, 2014.
* Cost of sales were $2,387 as of June 30, 2014.
* Selling, general and administrative expenses were $14,850 as of June 30, 2014.
Key LGMH Q2 2014 Accomplishments:
1. Repurchased 12,500 common shares in open market transactions, at an average price of $0.01/share, resulting in 269,400 common shares purchased through June 30, 2014, leaving an available stock repurchase amount of 1,980,600 shares via previously-announced Stock Repurchase Program.
2. Apps Downloads Break 50,000 subscribers’ milestone.
3. Launched Talent Agency/Booking Service (GTA).
4. Granted DTC Eligibility on February 26, 2014, with 7,274,977 common shares deposited into DTC as of August 4, 2014.
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 or www.HotChristianStocks.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.