SEATTLE, Sept. 23, 2005 (PRIMEZONE) -- Limelight Media Group, Inc. (OTCBB:LMMG), an innovator in the content, creation and management of out-of-home digital advertising and information networks, announced today that it has expanded its portfolio of visual retail merchandising displays to include the Video Vitrine, a glass enclosed showcase for displaying fine wares that includes an elegant and eye-catching dynamic video running across the display base. Limelight subsidiary, IMPART, known for energizing the dynamic media industry with breakthrough innovations, worked closely with Neiman Marcus, who holds a patent on the design, to develop the new display. The Video Vitrine is being used with the company's other video mirror products to set Neiman Marcus apart in the world of retail by creating an exciting new experience for shoppers. The displays are currently deployed at Neiman Marcus stores in Florida, Nevada, and Texas with a roll out to additional stores currently in the works.
Ignaz Gorischek, Neiman Marcus Vice President of Stores Visual, Planning, and Design stated, "I have never seen product presented like this before. It truly offers an opportunity to create a unique shopping experience for our customers and is the perfect vehicle to innovatively promote a variety of beauty products from fragrances to cosmetics." Gorischek added, "We are also very pleased with the flexibility of the Video Vitrine and, because of its size, it can be placed virtually anywhere in the store where there is a plug."
Mentioned Last Change LMMG 0.051 (Unchanged) Steven Corey, IMPART, co-founder and Limelight Chief Strategy Officer, stated, "Neiman Marcus stands for quality across all categories -- product, service and experience -- and we are thrilled to continue work with their team to develop the latest innovations in retail merchandising and advertising." Corey added, "At IMPART we strive to bring the highest quality products to the market, and by using the latest in LCD technology and solid-state Media Players, we were able to considerably streamline the display unit and reduce ongoing maintenance costs for our clients."
About Limelight Media Group, Inc.
Limelight Media Group, Inc. (OTCBB:LMMG), headquartered in Seattle, Washington, is a rapidly expanding digital signage leader in the emerging out-of-home media sector, which is beginning to take center stage with advertisers. The company is growing through a consolidation strategy that includes acquiring the industry's best and brightest talent and most advanced solutions to create a broad, integrated one-stop communications media company focused on digital signage and networked advertising offerings for leading brands in industries such as retail, grocery, banking, restaurants, hospitality, government and public spaces, among others. The company's digital media solutions enable the 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. More information can be found at these websites: http://www.limelightmedia.com and http://www.impartinc.com.
Board of Directors Determines Reverse Split and Re-Domicile Not in Interest of Shareholders
The Board of Directors of Limelight Media Group, Inc. (OTC BB: LMMG) announced today that the company is canceling the planned re-incorporation and reverse stock split as detailed in a Preliminary 14c Informational Statement submitted to the SEC on August 31, 2005. The company will be withdrawing the Preliminary 14c Informational Statement within the next few days.
David V. Lott, CEO of Limelight Media Group, Inc., stated, "During our third quarter Board of Directors meeting, it was deemed in the best interest of our shareholders to cancel the company's planned re-incorporation in Delaware and the anticipated reverse stock split." Lott continued, "After a careful evaluation of market conditions it was determined that these elements were not necessary at this time, however the Company will continue to execute its business plan with the goal of building a leading digital media company which will help to increase the company's market capitalization for an eventual listing on a full exchange."
About Limelight Media Group, Inc.
Mentioned Last Change LMMG 0.06 0.009dollars or (17.64%) Limelight Media Group, Inc., (OTC BB: LMMG), headquartered in Seattle, Washington, is a rapidly expanding digital signage leader in the emerging out-of-home media sector, which is beginning to take center stage with advertisers. The company is growing through a consolidation strategy that includes acquiring the industry's best and brightest talent and most advanced solutions to create a broad, integrated one-stop communications media company focused on digital signage and networked advertising offerings for leading brands in industries such as retail, grocery, banking, restaurants, hospitality, government and public spaces, among others. The company's digital media solutions enable the 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. More information can be found at these websites: http://www.limelightmedia.com, and http://www.impartinc.com.
IMPART Subsidiary Closes Digital Media Network Contract at Seattle-Tacoma Airport
Limelight Media Group, Inc. (OTC BB: LMMG) an innovator in the content, creation and management of out-of-home digital advertising and information networks, announced today that its IMPART subsidiary has closed a contract with the Port of Seattle for delivery of a first-of-its-kind, patent-pending, narrowcasting system that includes both passive and interactive advertising and content in a single, standalone, wireless unit. The new solution, called iPoint Networks(TM), is the first of the company's multi-airport rollout strategy which is designed to work together from airport-to-airport to enable travelers across the country to retrieve important, time-sensitive and meaningful information about their destination as they request it. The Port of Seattle contract includes ten units installed throughout Seattle-Tacoma Airport, (Sea Tac) Concourse D, which serves Alaska Airlines. The Sea Tac rollout includes a three-prong partnership strategy with these notable industry players: Seattle-based KOMO4 television, the media partner supplying a real-time news feed and; Alaska Airlines, the location display and advertising partner; and JC DeCaux, the company's advertising sales partner.
Laird Laabs, president of Limelight Media Group and IMPART, a wholly owned subsidiary of Limelight, stated, "With the increase in security and longer wait times at airports, we are pleased to offer travelers the real-time destination-based news and information they need in addition to providing a way to streamline travel planning before arrival with interactive capability for locating city-based information." David Lott, CEO of Limelight Media Group, added, "Our iPoint Networks offering is an innovation that the market needs and wants and we look forward to linking this service from airport-to-airport, across the country and for the first time providing dynamic advertising on the same platform."
The iPoint Networks software platform is a significant barrier to entry to competitors of Limelight in the digital signage and narrowcasting sectors because it offers added content and narrowcasting capabilities that no other platform offers today. The innovative, patent-pending, offering is designed to manage and track messaging while enabling buyers of the system to publish and manage their own content. The iPoint Networks solution is unique because it combines a rich display channel that changes information based upon the date and location. It also includes a separate, but connected area on the same screen for travelers to interactively seek out travel and destination information.
Mentioned Last Change LMMG 0.06 0.004dollars or (7.14%) When travelers approach the iPoint Network kiosk they see a screen comprised of three content areas: across the top a ticker tape-style dynamic information area includes time, outdoor temperature and a weather forecast. Airports can also use the ticker tape text messaging as a critical communication tool to communicate to the hearing impaired in emergency situations. The top half of the screen displays dynamic "programmed" shows that are specifically tailored by clients to audience needs and include both digital advertising and video with sound. The bottom half of the screen is an interactive self-service, menu-driven display that includes directories, locators and way-finding content. At Sea Tac this content includes airport maps to customer services, restaurants and shopping plus city-based information such as attractions, local maps and special offers in addition to real-time destination-based news, weather and traffic. It will also offer airline information including en-route flight status, airline layout, seat status and availability. Another invaluable feature is its use as an airport security tool. Within seconds airport security can convert the system to a full screen security message board to clearly advise and direct passengers in the event of a security incident.
The software platform is designed as a dynamic, ever-evolving operating system and will include regular system upgrades and new features. For example, work is underway on a feature that will help travelers pinpoint the location of their car in the airport parking garage. Additional features will be added dependent upon the needs of the partner, traveler and the Port as use expands.
About Limelight Media Group, Inc.
Limelight Media Group, Inc. (OTC BB: LMMG), headquartered in Seattle, Washington, is a rapidly expanding digital signage leader in the emerging out-of-home media sector, which is beginning to take center stage with advertisers. The company is growing through a consolidation strategy that includes acquiring the industries best and brightest talent and most advanced solutions to create a broad, integrated one-stop communications media company focused on digital signage and networked advertising offerings for leading brands in industries such as retail, grocery, banking, restaurants, hospitality, government and public spaces, among others. The company's digital media solutions enable the 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. More information can be found at these websites: http://www.limelightmedia.com and http://www.impartinc.com.
OTC stocks are for trading imo not 'investing'. Professionals Moderator
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Here's yahoo's chart...LMMG is one of the few OTC stocks that I'm able to pull a chart on. 2 PRs this week and 5 in total for the month...not much response though as of yet.
Come and join me in "THE SWAMP", the OTC swamp that is. Help me identify which stocks have the postential for BIG GAINS before the industry hacks start pumping and dumping them.
OH MY.... Joachim Kempin !!!! This could be bigger then I originally thought. This guy is the BEST in the business..........
29 September 2005, 09:30am ET
Former Microsoft Executive Selected to Help Guide Company Expansion
Limelight Media Group, Inc. (OTC BB: LMMG) an innovator in the content, creation and management of out-of-home digital advertising and information networks, announced today that it has named Joachim Kempin, former senior vice president of Microsoft's OEM division, to the company's board of directors. As a well-respected industry executive, Kempin provides solid experience from a well-run, highly successful company and a wealth of industry knowledge that will compliment the combined experience of the executive team.
The Limelight executive management team was very pleased to add such luminary talent to the company's board. David Lott, CEO of Limelight Media Group stated, "As we navigate the next phase of our growth we will be faced with defining new industry standards for out of home media and advertising and we are fortunate to be able to tap into Joachim's experience to help guide our initiatives." Laird Laabs, president of Limelight Media Group and IMPART, a wholly owned subsidiary of Limelight, added, "As a leader in an emerging industry, IMPART faces a myriad of opportunities and we welcome the perspective and guidance that Joachim can offer the company at this crucial time in our growth."
About Limelight Media Group, Inc.
Mentioned Last Change LMMG 0.057 0.002dollars or (3.38%) Limelight Media Group, Inc., (OTC BB: LMMG), headquartered in Seattle, Washington, is a rapidly expanding digital signage leader in the emerging out-of-home media sector, which is beginning to take center stage with advertisers. The company is growing through a consolidation strategy that includes acquiring the industries best and brightest talent and most advanced solutions to create a broad, integrated one-stop communications media company focused on digital signage and networked advertising offerings for leading brands in industries such as retail, grocery, banking, restaurants, hospitality, government and public spaces, among others. The company's digital media solutions enable the 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. More information can be found at these websites: http://www.limelightmedia.com and http://www.impartinc.com.
This reminds me of a company called Miracle Entertainment that explained about the tremendous financing that they had, Brought in an ex vice president of Disney, supposedly had signed contracts with Robert Redford and several other well known stars, took investors for millions and then initiated a 1 for 900 reverse split and left town.
LMMG owes more than the company is worth and has been losing money. Be very careful no matter what the management may say.
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I've seen it before too popeye, with DTMG a few years back, sent the PPS from around 2 cents to over 20 pennies. The biggest effect I ever saw a "name" have was when WNMI announced an "exclusive" contract with Paris Hilton, the PPS went from 2 or 3 tenths to 5 or 6 cents for a day or 2.
Come and join me in "THE SWAMP", the OTC swamp that is. Help me identify which stocks have the postential for BIG GAINS before the industry hacks start pumping and dumping them.
The Company was cash flow positive last Q before taxes and this was without the financials of IPOINT and Mediastreet included in it, the two latest aquisitions.
Next Q is expected to be much better and should surprise most naysayers.
It is true most of these companies accumulate debt since they are start ups but according to the last Q, this one is now in a cash flow positive position. A major milestone for any of these OTC stocks. If you were here last year then your statements might be more suitable but a blatent lashing like yours especially at this time prior to the next Q is a little out of line.
He states: "don't listen to management know matter what they say?" I agree for the most part on most of these scams but when the words are consistant and are backed up by actions and performance, then credibility is achieved. You can read filings to see these actions, such as, management canceling it's personal debt to purchase options at .10 yet the stock was only trading in the .07s at the time. Not the behavioral pattern of the typical slime we usually are dealing with on this exchange.
Installations have been made and are being made in major airports and government buildings among others. These are systems that are up and running and visible to the public. Another good indication they have the technology and it is being used. Their installations in Seatle Tacoma airport was seen recently on a KOMOtv news broadcast which you can view by sending an email to IR asking for the clip of the broadcast. It can not be denied they have the technology, it works and they are using it in high profile locations.
The point here is why would someone need to come here to bash a company that has made some remarkable strides in the last year and is at a point where it can trun the corner to becoming a major player in the US for this type of technolog????? Why not take a wait and see attitude before making such harsh statements??? The pps has been solid in the .05-.08 and is only about 40% off the yearly high. There is no need here to save anyone from a highly volitile Pand D?? There are no major insider transaction recorded anywhere other then a few k over many many months which has been explained in another filing. The stock has been inching up a little. I for one think there may be some major news based on the DD I have been seeing floating around.
These other pump and dumps you speak of clearly sailed to astonomical heights and the bottom fell out, like any and all other pump and dumps you can come up with. That is to easy when 99% of these companies fail. I can give you a million examples myself. This is not the case here, in fact the stock trades pretty solidly with no major price swings. So why I ask once again, would someone come here out of the blue, at this point in time, to make such a disturbing post. Another good samaritan trying to save you a penny on a nickle stock???? Most longs who have stayed on board all these months and have followed along closely feel we are at the turning point to the next level. One in which the markets will have to sit up and take notice.
If anything, this company is a buyout candidate to companies like FMCN ( $25 stock) who are doing what we do all across China There are only a few companies in the world who are competitors and the demand is huge. LMMG is one of only a handful of companies using and have installation of the same technology in the US. We are the ONLY publicly traded company,mind you, in the US that I know of.
I am actually glad to see people like this showing up on these boards. There are only a few reasons why someone would take the time out to trash a company they obviously know nothing about.
Feel free to add additional comment so I have someone to discuss more facts and opinions with.
"LMMG owes more than the company is worth and has been losing money. Be very careful no matter what the management may say"
If you are going to quote me please do it properly. There is a difference between bashing and the truth. They are cash flow positive but were still losing money. Cut and paste anything that I said that was not true and please cut and paste instead of taking my words out of context. I did not say that this company cannot make money. I believe that all I did was say be careful which is good advice with any BB stock.
I must admit that I am always skeptical when any management puts out information. When looking at the administrative proceedings and court actions taken by the SEC on a daily basis it is obvious that there are literally hundreds of CEO's and management teams that are lying and deceptive at the least.
OTCJUNKIE, It appears that management has done a great job in getting the company turned around. But there are still problems for shareholders. The company has 246,628,494 shares outstanding on 8-30-05 and 250,000,000 authorized. I did not find anything that would change that. There are warrants to be exercised that would exceed the authorized amount. Management will need to increase the authorized shares (highly unlikely) or initiate a reverse split.
"Going concern - The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred a net loss of approximately $161,000 and $299,000 for the six months ended June 30, 2005 and 2004, respectively. The Company's current liabilities exceed its current assets by approximately $2,128,000 as of June 30, 2005. The Company’s net cash used from operating activities approximated $35,000 during the six months ended June 30, 2005".
LIMELIGHT MEDIA GROUP, INC. 1300 North Northlake Way Seattle, Washington 98103
October __, 2005
Dear Stockholder:
I am writing to inform you that the board of directors of Limelight Media Group, Inc., Inc., a Nevada corporation ( sometimes hereinafter referred to as “ we ”, “ us ” or “ our company ”) , and holders of a majority of the issued and outstanding shares of our capital stock entitled to vote on the matter set forth herein, have approved the following corporate action in lieu of a meeting pursuant to Section 78.320 of the Nevada General Corporation Law:
1. The amendment to our Articles of Incorporation to:
(i) change our corporate name to “Impart Media Group, Inc.”;
(ii) effect a stock combination, or reverse stock split, pursuant to which every twenty (20) shares of our outstanding common stock, $.001 par value per share (the “ Common Stock ”) , would be exchanged for one new share of Common Stock ;
(iii) decrease the number of authorized shares of our Common Stock from 250,000,000 shares to 100,000,000 shares; and
(iv) authorize 25,000,000 shares of “blank check” preferred stock, par value $.001 per share.
Why all of a sudden do you come here and start with your "watchout" attitude. I have been here for months and as a Moderator you just show up now when this company is on the verge of breaking free from all the crap that goes along with crappy ol OTC stocks, like dilution and being in a negative cash flow position.
There are pending deals and aquisitions that could blow this out of the water. Sure all financials for these OTC have that disclaimer, you are telling us nothing new yet you don't seem to comment on recent developements that are putting this company in a position to be "not just one of those OTC" stocks you seem to know so much about.
We are all carful with these companies and never take the word of management as the rule of thumb.
Thanks for warning us but you can do that with any of these companies, like I said yet you seem to miss what's happening above and beyond what I deem as OLD sec filings. The next Q will be here soon and then you can pass judgement.
I appologize for quoting you out of context but this company has come a long way and turning a pretax profit shows they have done their job and are continuing to perform on the strategy they set out to accomplish and that is to become a dominant player in the US for out of home digital advertising.
Show me another company who does what we do. Read the NY times articale out on advertising today and see where this sector is headed and where we stand as a potential leader in it.
Let's give it a chance before you critisize a company and management who appear to be on the right track.
I have been here since this web sites inception and have always expressed a be careful attitude where Pink Sheet and BB stocks are concerned. I did not just show up. I have been one of the most prolific posters on this site, look at the numbers. I was trying to be helpful but if you think that a management that reverse splits on the outsider shareholders and took care of themselves with preferred shares is doing you some good that is your right. But I have the right to feel otherwise. I believe that management is clearly looking out for themselves here.
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