ATLANTA, May 16, 2012 /PRNewswire/ -- Light Media (OTC Markets: LGMH), Inspirational Media Specialist, announced today its results for the annual period ending March 31, 2012 as compared to the quarterly period ending March 31, 2011), as follows:
* Revenues were $20,197 as of March 31, 2012 versus $10,585 for the quarter-ended March 31, 2011.
* Cost of sales were $5,069 as of March 31, 2012 versus $4,131 for the fiscal year March 31, 2011.
* Selling, general and administrative expenses were $23,442 as of March 31, 2012 versus $13,261 for the fiscal year ended March 31, 2011.
Three (3) Key LGMH Q1 2012 Media Platform Synergy Accomplishments:
1. Attained Apple IOS Developer Certification, enabling development and deployment of iPhone/iPad Apps.
2. 3 New Product Releases.
3. 24 New Advertising partners.
"Light Media continues to make great strides and progress on multiple fronts. Specifically: (1) Light Media is free to develop and deploy its own proprietary smartphone Apps; (2) Light Media is free to develop, sell and market its own products and services across its asset base; and (3) Light Media is free to creatively and seamlessly partner with advertisers across the Light Media Network. Synergy remains priority #1, and Light Media continues to closely tie together its platform products, technology and distribution in one seamless continuum and 2012 is proving to be another exciting year," 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 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. To listen to Power 105.5/The King, please visit: www.Power105TheKing.com. For more information, please visit: www.LightMediaHoldings.com; www.InvaluableMedia.com or www.HotChristianStocks.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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