MEMPHIS, Tenn., May 6, 2005 (PRIMEZONE) -- Limelight Media Group, Inc. (OTCBB:LMMG) of Memphis, TN has reached an agreement with Shop N' Save Warehouse Foods of St. Louis to provide a digital content management system in the St. Louis area. Limelight Media will re-install the digital signage system previously installed in 19 Shop N' Save grocery stores. Significantly, Limelight Media will expand the system to 16 additional stores in the St. Louis area as well as installing the digital content system in new Shop N' Save properties as they are opened.
Limelight installs and manages the point-of-purchase digital screens in its stores in order to enhance customers' shopping experience and improve in-store communications. The screens allow an advertiser to customize its promotional messages according to demographics, time of day, language or aisle location.
David Lott, President of Limelight Media Group, "We are extremely pleased that we have finally reached an agreement with Shop N' Save. It has been a lengthy process to reach this point of final contract preparation. Upon execution of the final contract, we will begin installation of our system which we believe will be over the next couple of weeks. This agreement signifies a major step in Limelight's progress toward a cash-flow positive position. Advertising space has already been sold for these screens and we anticipate selling the entire advertising schedule quickly. Also, we look forward to expanding the network to the additional stores operated by Shop N' Save throughout the metropolitan St. Louis area and southern Illinois area."
Limelight Media Group, Inc. 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 grocery, 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 management believes that the expectations reflected in these forward-looking statements are reasonable; it 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.