Light Media Reports Q2 2013 Results
25 July 2013 - 11:30PM
OTC Markets
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.
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