ATLANTA, GA--(Marketwire - Nov 15, 2011) - Light Media (
* Revenues were $42,739 as of September 30, 2011 versus $21,405 for the fiscal quarter ended June 30, 2011.
* Cost of sales were $9,139 as of September 30, 2011 versus $5,938 for the fiscal quarter ended June 30, 2011.
* Selling, general and administrative expenses were $66,702 as of September 30, 2011 versus $45,902 for the fiscal quarter ended June 30, 2011.
"Q3 was glorious and exciting on multiple fronts: from battling head-to-head with Clear Channel Radio in Albany, GA, via our newly-acquired FM Station Power 105.5/The King, to gaining a strategically monumental place in history by replacing Citadel Broadcasting as the 20th publicly-traded radio/multi-media conglomerate in the United States on the prestigious RBR-TVBR Media Index. Simultaneously while advancing in radio, Light Media also firmed up its core digital assets and databases in Q3 (e.g. www.GospelCity.com, www.GospelEngine.com, www.GospelHipHop.com, www.PrayerWall.com, www.PrayerMail.com) for greater synergy. Light Media remains focused on its strategic plan to create a seamless, integrated multimedia platform and ascending to higher ground," said Danny Wilson, CEO of Light Media. Hebrews 10:36.
About Light Media:
Light Media (
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 (