Light Media Reports 3rd Quarter Results
15 Novembre 2011 - 4:00PM
Marketwired
Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist,
announced today its results for the period ending September 30,
2011 as follows:
* Revenues were $42,739 as of September 30, 2011 versus $21,405
for the fiscal quarter ended June 30, 2011.
* Cost of sales were $9,139 as of September 30, 2011 versus
$5,938 for the fiscal quarter ended June 30, 2011.
* Selling, general and administrative expenses were $66,702 as
of September 30, 2011 versus $45,902 for the fiscal quarter ended
June 30, 2011.
"Q3 was glorious and exciting on multiple fronts: from battling
head-to-head with Clear Channel Radio in Albany, GA, via our
newly-acquired FM Station Power 105.5/The King, to gaining a
strategically monumental place in history by replacing Citadel
Broadcasting as the 20th publicly-traded radio/multi-media
conglomerate in the United States on the prestigious RBR-TVBR Media
Index. Simultaneously while advancing in radio, Light Media also
firmed up its core digital assets and databases in Q3 (e.g.
www.GospelCity.com, www.GospelEngine.com, www.GospelHipHop.com,
www.PrayerWall.com, www.PrayerMail.com) for greater synergy. Light
Media remains focused on its strategic plan to create a seamless,
integrated multimedia platform and ascending to higher ground,"
said Danny Wilson, CEO of Light Media. Hebrews 10:36.
About Light Media:
Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist,
markets, produces and distributes inspirational music, video, video
games, print media and entertainment in the Urban 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 Media Stocks
Index (see full RBR-TVBR Media Index listing at:
http://www.rbr.com/media-news/stocks/three-day-winning-streak-snapped-9-28-11.html).
To listen to Power 105.5/The King, please visit:
www.Power105TheKing.com. For more information, please visit:
www.LightMediaHoldings.com; www.InvaluableMedia.com or
www.HotChristianStocks.com. Light Media Capitalization Structure,
as of Q3 (2011): Common Shares Issued: 38,273,500; Common Shares
Float: 7,050,000; Common Shares Authorized: 100,000,000.
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 (PINKSHEETS: 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.
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