BURLINGTON, Ontario, April 9, 2003 (PRIMEZONE) -- Light Management Group, Inc. (Pink Sheets:LMGR) (www.lmgr.net):
The company is pleased to announce the issuance of United States Patent 6,539,132 for an Acousto-Optical Switch for Fiber Optic Lines. The patent was issued on March 25, 2003. "We are excited at the milestone reached by the issuance of this patent," states President & CEO Dr. Donald J. Iwacha. "It has been a long road from the filing of the original patent application in February, 2000 to the issuance of the patent for the amended application. This patent further positions LMGR in its progression towards providing an all-optic switch for the communications industry."
About Light Management Group, Inc.
Light Management Group Inc. specialises in the development of new applications in optical and light technologies. LMG's breakthrough technology employs sound waves to focus and direct light. LMG has filed for two United States patents in the fiber optics field, both of which could have significant applications in telecommunications, data transmission, and Internet technology. Light Management Group is committed to fulfilling demand for multiple, complex levels of switching within the communications industry.
Note: This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by LMG with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in financial results, dependence on new product development, rapid technological and market change, failure to complete the manufacture of network equipment on schedule and on budget, financial risk management and future growth subject to risks, and adverse changes in the regulatory or legislative environment. LMG undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact: Corporate Sales and Inquiries Jeevaani Selvarajah 800-465-9216 Investor Relations Agora Investor Relations http://www.agoracom.com (Select "Light Management" From Pull-Down Menu) LMG@agoracom.com