Light Media (LGMH) Granted DTC Eligibility
26 Febbraio 2014 - 4:25PM
Marketwired
Light Media (LGMH) Granted DTC Eligibility
Repurchases 256,900 Shares in Open Market
ATLANTA, GA--(Marketwired - Feb 26, 2014) - Light Media (OTC
Pink: LGMH), Inspirational Media Specialist, announced that it has
attained Depository Trust & Clearing Corporation full
eligibility ("DTC Eligibility") for the company's common shares
trading under the stock ticker symbol (LGMH). Through multiple
operating facilities and data centers around the world, Depository
Trust & Clearing Corporation and its subsidiary companies
automate, centralize, and standardize the processing of financial
transactions for thousands of institutions worldwide, processing
securities transactions valued at approximately US$1.7 quadrillion
in 2011 alone. Expert guidance and consultation in securing
DTC Eligibility for LGMH was powered and facilitated by VStock
Transfer, in close cooperation with RTCO. Additionally,
as further described below, Light Media confirmed that it has
repurchased 256,900 common shares.
"Attaining full DTC eligibility is essential to micro-caps, like
Light Media, because it provides market makers and brokerage firms
with an efficient and effective means of making, moving and
settling trades electronically (paperless trading), thereby
enabling greater liquidity and expansion of the pool of prospective
shareholders worldwide. Having reached this milestone, LGMH
continues forward on the steady trek to higher ground," said Danny
Wilson, CEO, Light Media. Heb. 10:36.
Stock Repurchase Update: On February 21, 2014, Light Media
repurchased 10,000 common shares, in open market transactions, at
an average price of $0.0125 per share. Light Media has
repurchased 256,900 common shares, via open market transactions at
an average price of $0.0098 per share, through February 24, 2014,
leaving an available stock repurchase amount of 1,993,100 common
shares via previously-announced Stock Repurchase Program.
About DTCC: Through multiple operating facilities and data
centers around the world, DTCC and its subsidiary companies
automate, centralize, and standardize the processing of financial
transactions for thousands of institutions worldwide. With 40
years of experience, DTCC is the premier post-trade market
infrastructure for the global financial services industry,
simplifying the complexities of clearance, settlement, asset
servicing, global data management and information services for
equities, corporate and municipal bonds, government and
mortgage-backed securities, derivatives, money market instruments,
syndicated loans, mutual funds, alternative investment products,
and insurance transactions. In 2011, DTCC's subsidiaries
processed securities transactions valued at approximately US$1.7
quadrillion. Its depository provides custody and asset
servicing for securities issues from 122 countries and territories
valued at US$39.5 trillion. DTCC's global OTC derivatives trade
repositories record more than US$500 trillion in gross national
value of transactions made worldwide across multiple asset
classes.
About VStock Transfer: VStock Transfer is a stock transfer agent
providing best-in-class service combined with a cost savings
structure. Founded by lawyers and managed by lawyers to better
service companies, counsel and shareholders, VStock Transfer offers
a unique combination of technology and proactive, energetic,
personalized and experienced customer service. We believe that
people buy from people. We pride ourselves on offering a
personal relationship with each of our clients while offering the
benefit of our knowledge, experience and
responsiveness. VStock Transfer offers services online that
provide you and your shareholders with up to the minute data,
reports and powerful online tools to enhance your stock transfer
experience and make stock option administration a seamless
process. For more information, please visit:
www.VStockTransfer.com.
About Registrar & Transfer Co. (RTCO): Founded in 1899,
Registrar and Transfer Company is the nation's oldest, most widely
respected specialist in the stock transfer business. Over the
years, thousands of banks and public companies, such as Inland Real
Estate Corporation, Praxair Inc., Dillards Inc., Chico's FAS Inc.,
M&T Bank Corporation, and BancorpSouth, Inc, trading on all
U.S. exchanges, have relied on us to provide efficient, complete,
in-house services with the very highest standards of professional,
yet personal customer service. At R&T, we add true value
to your organization by providing unparalleled service and quality
for very low fees. We pride ourselves in being an industry leader
with the expertise and flexibility to quickly recognize and adapt
to the changing needs of our clients and their investors. For
more information, please visit: www.RTCO.com.
About Light Media: Light Media (OTC Pink: 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.LGMH.com; www.LightMediaHoldings.com; or
www.InvaluableMedia.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 Pink: 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.
Contact: Light Media lightmediapr@yahoo.com
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