News Release
November 30, 1999
Light Management Group Inc. Announces Financials
Light Management Group, Inc. ("LMGR" [OTC - BB]) is pleased to announce that its operations have earned revenue of $1,355,380 through its third quarter, ending September 30, 1999. Its net income was $94,887.
"We are very pleased with these financial results," said LMGR President Barrington Simon. "It is very rare for young, high-tech companies to be profitable this early in their evolution. The bulk of LMGR's energy this year has been spent cultivating partnerships and locating immediate income streams, as ways of fostering further research and development on our proprietary light technologies. That we are already profitable is a nice bonus."
LMGR is a Nevada corporation specializing in the development of new applications of optical and light technologies. LMGR's breakthrough technology, which was originally developed in the former Soviet Union and brought to North America through the Company's Laser Show Systems (Canada) Ltd. subsidiary, employs sound waves to focus and direct lasers. LMGR's laser technology is potentially applicable to a large number of industries and markets. The Company continues to pursue strategic partnerships, license agreements, and acquisitions to optimize, integrate and bring the application of its Acoustic-Optical technology to the mainstream marketplace. |
