ATLANTA, Feb. 15, 2012 /PRNewswire/ -- Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today its results for the period ending December 31, 2011, as follows:

• Revenues were $64,756 as of  December 31, 2011 versus $42,739 for the fiscal quarter ended September 30, 2011.
• Cost of sales were $12,224 as of December 31, 2011 versus $9,139 for the fiscal quarter September 30, 2011.
• Selling, general and administrative expenses were $97,611 as of December 31, 2011 versus $66,702 for the fiscal quarter ended September 30, 2011.
• As previously announced, in order to pay-in-full all debt associated with Light Media's purchase of WZBN-FM (Power 105.5/The King), Light Media strategically divested of certain non-core real estate and website properties, resulting in Other Expense one-time charge of (302,225) for the fiscal quarter ended December 31, 2011.  Light Media believed that these asset divestitures were strategically within the best interest of the corporation and shareholders, resulting in the holding of invaluable radio assets, free and clear of operationally constraining-secured liens.

Three (3) Key LGMH 2011 Media Platform Synergy Accomplishments:

1. Acquiring FM Radio Station in Key Market (Albany, GA), Capturing Marketshare and Deleveraging Invaluable Radio Station Assets (Power 105.5/The King (WZBN-FM).
2. Upgrading Core websites, Enabling Light Media Advertising Network integration, and Positioning Light Media Network for APPs (iPad/iPhone/Android) deployment and monetization.
3. Negotiating Key Strategic Alliances to Advance Local, Regional and National Advertising Sales (Arbitron, The Tacher Company, The Metro Gazette).

"Light Media is currently in due diligence on a 2nd radio station acquisition, as well as discussions to further expand its strategic advisory council in addition to Mary Catherine Sneed (former COO, Radio One). Q4 While 2008-2011 were opportunistic years of construction, acquisition, and innovation, as the 20th publicly-traded multi-media conglomerate (OTC Markets: LGMH), 2012 is positioning to be a year of boundless opportunity, evolution and growth.  Light Media will continue to invest and reinvest for maximization of shareholder wealth, and the mission to add value to the community, as a socially-responsible company remains firmly in effect," said Danny Wilson, CEO of Light Media. 

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 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/nasdaq-hits-11-year-high-2-3-12.html ). To listen to Power 105.5/The King, please visit: www.Power105TheKing.com.   For more information, please visit: www.LightMediaHoldings.com.  Light Media Capitalization Structure, as of Q4 (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 (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.

Light Media PR
Email: lightmediapr@yahoo.com

SOURCE Light Media

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