ATLANTA, Nov. 8, 2012 /PRNewswire/ -- Light Media (OTC
Markets: LGMH), Inspirational Media Specialist, announced today
that it has signed a definitive agreement to divest the assets of
its Power 105.5/The King radio station to Mt. Olive Baptist Church. The transaction is
subject to customary conditions, including regulatory and other
approvals.
"Power 105.5/The King was a perfect opportunity to test a number
of theorems specifically related to (a) the community impact and
reach of radio generally, and (b) the ability to launch
new/untested formats quickly and efficiently and effectively for
maximum results. Light Media achieved its primary objectives
of proving that: (1) socially-responsible music formats (such as
Power 105.5/The King) that do not degrade citizens, denigrate women
or debilitate youth...are not only needed but are also highly
respected by local communities when placed on the airwaves; and (2)
Light Media could successfully convert an established top-tier
radio station from secular rap format to indie inspirational urban
gospel/holy hip hop format with great fanfare, admiration, applause
and goodwill that will endure for years to come. Light Media
is now actively reviewing opportunities to enter additional key
media markets, in order duplicate the successes of Power 105.5/The
King but on a broader scale, and across a larger urban
media-centric area of population long-term," said Danny Wilson, CEO, Light Media.
About Light Media:
Light Media (OTC Markets: LGMH), Inspirational Media Specialist,
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. Light Media is also the 20th publicly-traded media
conglomerate (member) of the prestigious RBR-TVBR Media Stocks
Index (see full RBR-TVBR Media Index listing at):
www.RBR.com. 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 (OTC: "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.
CONTACT:
Light Media PR
lightmedia123@gmail.com
SOURCE Light Media