Light Media Holdings, Inc. Provides Corporate Update and Outlines Growth Strategy FY 2011-2012
October 12 2011 - 9:25AM
Marketwired
Light Media (PINKSHEETS: LGMH) provided a corporate update today
and outlined growth strategies for 2011 - 2012.
"Through our acquisitions and investments, we have built a
multi-media and social networking platform to generate revenues
through marketing and product distribution as well as traditional
advertising methods. We have targeted a niche affinity market
(virtually untapped). To date, we have acquired an FM radio station
(Power 105.5/Albany, GA - www.Power105TheKing.com) and have
acquired and/or invested in five (5) key inspirational Internet
sites that provide social networking, education, marketing,
advertising network and content distribution (www.PrayerMail.com,
www.GospelEngine.com, www.GospelCity.com, www.ChristianHipHop.com
and www.24Gospel.com). We have also built a filmmaking company
(Amen Films, www.AmenFilms.com) in order to capitalize on our
proprietary database of over 200,000 contacts, plus made an
investment in a niche inspirational magazine that provides Light
Media with additional product awareness and distribution. Our
focused investments in Audio/Radio, Video/Television, Print,
Internet and Special Events media platforms, combined with product
distribution (retail and digital), have strategically and
powerfully positioned Light Media for positive upward momentum and
growth," stated Danny Wilson, CEO, Light Media.
"Our growth strategy for the next twelve months is to continue
with our aggressive acquisition campaign, seeking out additional
radio and Internet properties specifically. It is our goal to
acquire three additional radio stations over the next twelve months
and to monetize these investments through advertising dollars and
product distribution. We will also strengthen our foothold in the
Internet, television/video, print and special events channels to
leverage our growing consumer network and generate revenue though
product sales, advertising and distribution. We are committed to
driving shareholder value and believe that we are well positioned
to excel and capitalize on market opportunities in the near and
long-term," stated Wilson.
About Light Media Holdings, Inc.
Light Media (PINKSHEETS: LGMH) 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. For more
information, please visit: 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 (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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