MEMPHIS, Tenn., Nov. 15, 2004 (PRIMEZONE) -- David V. Lott, founder of Limelight Media Group, Inc. (OTCBB:LMMG) of Memphis, TN announced today that he is returning as President of the Company effective immediately. Mr. Lott originally formed the company and has been instrumental in building its business relationships and developing its business plan. On Friday, Nov 12, 2004, the company held a board meeting to re-appoint Mr. Lott as President of the company.
"I am pleased to re-assume my position as President of the company. The market has indicated over the past two months that it is concerned about the company and its direction. I am confident that my re-engagement as President will contribute to the company returning to the stability and management re-focus our investors and our clients and future clients require in a partner. Limelight was an early adopter of placed based digital media systems and the industry appears ready for wide spread acceptance of Limelight systems. We believe LMMG has a bright future ahead with our recurring revenue business model from advertising fees on our placed digital media networks and look forward to continuing deployments in the near future," said David V. Lott, President, Limelight Media Group, Inc.
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 believe 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.