Light Media Reports 3rd Quarter Results
(firmenpresse) - ATLANTA, GA -- (Marketwire) -- 11/15/11 -- 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. , , , , ) 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.
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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: ). To listen to Power 105.5/The King, please visit: . For more information, please visit: ; or . 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.
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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Datum: 15.11.2011 - 15:00 Uhr
Sprache: Deutsch
News-ID 88095
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ATLANTA, GA
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Commercial & Investment Banking
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