To: Wayne Rumball who wrote (12214 ) 6/7/1999 2:30:00 PM From: Shell Searcher Respond to of 13776
LMGR News from their website. Guess it hasn't hit the news wires yet. Press Release Toronto June 7 1999: Acquisition of Exclusive Advertising Inc.. Light Management Group Inc [NASD OTC-BB LMGR] is pleased to announce it has completed the acquisition of Exclusive Advertising Inc. Exclusive at the core of its business maintains 3000 media poster faces and 1,800 digital display units serving 4.5 million consumers in the 8,000 square kilometer service area of The Metropolitan Toronto Transit Authority [GoTransit] (www.gotransit.com ) Existing management and staff of Exclusive (www.exclusivead.com) will remain but will now be a part of Light Management Groups multi-media division Laser Show Systems (Canada) Ltd. (www.lasershow.com). At present the only supplier of a patented digital laser projection device that allows real-time digital content to be streamed to outdoor media boards Exclusive recently began the installation of two digital display boards in each of the GoTransit fleet of 300 cars. This unique and dynamic electronic display media complements the existing poster media which together offer the advertisers the opportunity to capture audience attention, understand product features and respond in this highly captive environment. Online competition abounds to attract users to specific internet portals. The cross media impact of traditional outdoor media and internet content provides a new competitive venue for internet marketers. Light recognizes that this media will be a significant internet portal of the new millennium: the portal of the masses for internet content. Existing competition within the virtual community has focused on the 25% of the population with WEB access. Visible and dynamic this new media outlet challenges internet portal companies like Yahoo [YHOO] Excite [XCIT] Lycos [LCOS] and access providers such as AOL [ AOL] PSI Networks [PSIX] MCI Worldcom [ WCOM] and IBM Globalnet [ IBM] to now compete for the 75% of the population that are not yet internet connected. In recent weeks CBS[ CBS ] / Infinity [INF] acquired 112,500 billboards and 125,000 New York City transit sites from OSI-Mediacom [OSI] for $8.3 billion ( an average of $34,947 per face) and Lamar Advertising [LAMR] for 1.6 billion acquired 42,500 Chancellor Media Group[AMFM] sign faces in the USA (an averaged price of $37,647 per face). In this transaction Light acquires 3,000 poster faces and 1,800 digital displays for $5,600,000. Commenting on the acquisition Barrington L Simon President and CEO said "This market offers potential for growth that is significant. Our order book for outdoor media projection systems has increased by twenty million dollars in the last month alone. Our production is now fully committed into the fall… we are delighted to participate with Exclusive Advertising, Gary Pare the President and his people who do a wonderful job in bringing the latest in visual technology to our own backyard. GoTransit is a world leader of inter urban transit and provides an ideal showcase for internet portal content. We are proud to be a part of this project" Commenting on the acquisition Gary Pare President of Exclusive Advertising said " To be a part of this exciting new time for our business is wonderful. Light Management brings fantastic technology, expertise and the needed capital for this new growth. Riders on GoTransit will now enjoy leading edge internet content and entertainment during their commute. " The Light Management Group operating division Laser Show Systems developed and now commercially delivers acousto optical digital projection devices. The equipment laser projects full motion color digital PC output 200meters to outdoor billboards. This acousto optical technique has earned merited recognition worldwide. The projection device demonstrates visually the optical-acoustic digital projection technique to be applied in not only the outdoor industry but indeed most applications of laser operation within bio-medical, aerospace, manufacturing and entertainment venues. Further Information Visit the following Web sites www.lmgr.net www.lightmanagementgroup.com www.exclusivead.com www.lasershow.com www.gotransit.com Contact : Light Management Group Inc 3060 Mainway Suite 301 Burlington, Ontario Canada. L7M 1A3 Voice: 1-800-465-9216 Fax: 1-905-319-2627 Info@lightmanagementgroup.com Attention: Glen Watson Watson &Associates Direct: 1-877-207-LMGR 1-877-207-5647 1-604-876-8721 Email: corpcomm@lmgr.net