BURLINGTON, Ontario, Sept. 30, 2005 (PRIMEZONE) -- Light Management Group, Inc. (Pink Sheets:LMGR) (www.lmgr.net) chairman and CEO, Barrington L. Simon, is pleased to announce the issue of a corporate quarterly update for the Light Management Group for the quarter ended September 30, 2005. Due to the length and detail of the update, it has not been included in this press release. Rather, shareholders are able to access the complete update from the LMG corporate website by using the following link: http://www.lmgr.net/lmg_quarterly_update.htm. Alternatively, shareholders can go to http://www.lmgr.net and click on the "Corporate Update" image.
"I am excited by this announcement," Mr. Simon said, "and am pleased the update gives all concerned an indication of where LMG is positioned for the future."
Launch of "Ask the Scientist"
In addition to release of the quarterly corporate update, Light Management Group has also launched its "Ask the Scientist" web page at www.lmgr.net/discussion. This discussion area allows visitors to ask specific technical questions of the LMGR scientific staff and have their answers either posted or emailed to the participant directly.
"This is the first of many exciting initiatives we have underway, and I will report on these in the course of time," stated Mr. Simon.
About Light Management Group, Inc. (http://www.lmgr.net)
Light Management Group, Inc. specializes in the development of new applications in optical and light technologies. LMG's breakthrough technology employs sound waves to focus and direct light. LMG has filed for two United States patents in the fiber optics field, both of which could have significant applications in telecommunications, data transmission, and Internet technology. Light Management Group is committed to fulfilling demand for multiple, complex levels of switching within the communications industry.
Note: This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by LMG with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in financial results, dependence on new product development, rapid technological and market change, failure to complete the manufacture of network equipment on schedule and on budget, financial risk management, future growth subject to risks, and adverse changes in the regulatory or legislative environment. LMG undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.