MEMPHIS, Tenn., Oct. 22, 2004 (PRIMEZONE) -- Limelight Media Group, Inc. (OTCBB:LMMG) of Memphis, TN announced today that on Oct. 19, 2004, a large shareholder of the company presented a demand to the company to hold a special shareholder meeting to elect the Company's Board of Directors and approve the company auditor. Pursuant to the bylaws of the company the meeting must be held no less than 10 days from the date of notice and no more than 30 days from the date of notice unless the shareholder calling the meeting approves another date. A preliminary proxy statement is currently being prepared which will be submitted to the SEC for review. Upon receipt of SEC approval of the proxy statement a definitive meeting date will be set. All shareholders are urged to vote their proxy immediately upon receipt in order for the company to move forward with its business model.
About Limelight Media Group, Inc.
Limelight Media Group, Inc., a publicly traded company (OTCBB:LMMG) headquartered in Memphis, TN, creates, manages and supports out-of-home digital advertising and promotional networks. The Company's digital media management system enables simultaneous delivery of video content to a variety of remote audiences in real time, allowing for immediate customization of messages through a centralized network operations center. The company recently began expanding its efforts to include retail, restaurant, and the hospitality industry.
This release includes projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although the management of Limelight believes that the expectations reflected in these forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.