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rider3160
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2005-09-26 13:33:45
Limelight Media Group Cancels Recapitalization Plan

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Board of Directors Determines Reverse Split and Re-Domicile Not in Interest of Shareholders


SEATTLE, WA -- (MARKET WIRE) -- 09/26/05 -- 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.


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:
www.limelightmedia.com, and www.impartinc.com.


This release includes projections of future results and "forward-looking
statements" as that term is defined in Section 27A of the Securities Act of
1933 as amended (the "Securities Act"), and Section 21E of the Securities
Exchange Act of 1934 as amended (the "Exchange Act"). All statements that
are included in this release, other than statements of historical fact, are
forward-looking statements. Although the respective managements of IMPART
and Limelight believe that the expectations reflected in these
forward-looking statements are reasonable, they can give no assurance that
such expectations will prove to have been correct. Important factors that
could cause actual results to differ materially from the expectations are
disclosed in this release, including, without limitation, in conjunction
with those forward-looking statements contained in this release.


Cheryl Isen
Principal
Isen and Company
(425) 222-0779
Email Contact

Investor questions:
Rick Lutz
LC Group
(404) 261-1196
Email Contact

Posts: 1423 | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
   

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