Light Media Holdings, Inc. Provides Corporate Update and Outlines Growth Strategy FY 2011-2012

ATLANTA, GA--(Marketwire - Oct 12, 2011) - 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.