$LGMH.0918 Rev news outLight Media Q1 2012 Reven
Post# of 144481
$LGMH .0918 Rev news out Light Media Q1 2012 Revenues Rise 47.59%
ATLANTA, May 16, 2012 /PRNewswire via COMTEX/ -- 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 .