Light Media Holdings, Inc.
LGMH.PK 0.10 0.00
ATLANTA and NEW YORK, May 7, 2012 /PRNewswire/ -- Light Media (LGMH.PK), Inspirational Media Specialist, announced today that it has entered into an agreement for the strategic divestiture of a minority ownership stake in the following non-core Light Media Network digital asset: ChristianCapitalFund.com.
"Light Media owns 88 premium web-properties. 90% of Light Media's web-properties were acquired prior to becoming a publicly-traded company. ChristianCapitalFund.com ("CCF") was acquired in 2006, after researching and discovering that there were "zero" investment/venture capital funds specifically for supporting and advancing inspirational products, services and ideas. As such, the original idea was that Light Media would be a catalyst for this space and use CCF as a vehicle to spur investment activity into the estimated $9 Billion inspirational media and entertainment space.
Light Media will continue to strategically right-size and fully/partially divest of any digital real estate that is not central to the Light Media Network or of significance to operating as the 20th publicly-traded radio/multi-media conglomerate in the United States. Divestitures will enable reinvestment in multi-media synergy, mergers and acquisitions," said Danny Wilson, CEO, Light Media.
About Christian Capital Fund: Christian Capital Fund has the mission to help entrepreneurs, small businesses and ministries source capital for projects, ideas and opportunities which edify lives, uplift the community, spread the Good News and advance the common good. For More information, please visit: www.ChristianCapitalFund.com.
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 radio/media conglomerate (member) of the prestigious RBR-TVBR Stocks Index (see full RBR-TVBR Media Index listing at: www.RBR.com. To listen to Power 105.5/The King, please visit: www.Power105TheKing.com. For more information, please visit: www.LightMediaHoldings.com; www.InvaluableMedia.com or www.HotChristianStocks.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.
Light Media PR
lightmediapr@yahoo.com
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