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Luminar Media Group Inc.: Issues Statement About Promotional Activity Concerning Its Common Stock

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Toronto, Ontario, April 27, 2017 (GLOBE NEWSWIRE) -- Luminar Media Group, Inc., (Luminar, OTCMKTS: LRGR) today announced that it has been made aware of recent promotional activity concerning LRGR common stock.

On April 18, 2017, OTC Markets informed the Company that it believed that the Company was the subject of ongoing promotional activities having the effect of encouraging trading of the issuer's securities. The Company was unaware of the promotional activity until informed by OTC Markets, and is unaware of the full nature and content of this promotional activity, the responsible parties, or the extent of its dissemination.

Luminar Media Group states definitively that the Company, its officers, directors and, to the Company's knowledge, its controlling shareholders (i.e., shareholders owning 10% or more of the Company's securities) have not, directly or indirectly, authorized or been involved in any way (including payment to a third-party) with the creation or distribution of promotional materials including any email newsletters; and that the Company, its officers, directors and, to the knowledge of the Company, any controlling shareholders, have not sold or purchased the Company's securities.   

Chris Cook, CEO of Luminar Media Group Inc. stated, "The Company is not aware of the promotional materials' author or its affiliated entities or persons. The Company's recent press releases report on and provide disclosure of the Company's legitimate and ongoing corporate activity only.  Luminar is not not part of any promotional activities or campaign." The Company encourages those interested in the Company to rely solely on information included in its press releases combined with its filings and disclosures made with the Securities and Exchange Commission. 

About Luminar:

The Luminar Media Group has extensive knowledge and experience in the media, marketing and entertainment industries. Luminar will bring this expertise to the TherOZap trade name and is developing a global marketing strategy.  Initial efforts will focus on launching its innovative therapy device in the United States with additional markets to follow closely. The company was started by entrepreneurs who can identify new tools to communicate with a target audience.  At Luminar, we embrace the challenge of the constantly evolving business landscape and our determined culture will develop solutions that evolve with the changing business paradigm.

Forward-Looking Statements

This news release contains forward-looking statements about our business, or financial condition and prospects, that reflect our assumptions and beliefs based on information currently available. The Company can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including risks discussed in the company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

Investors should refer to the risk factors disclosure outlined in our periodic reports filed from time-to-time with the Securities and Exchange Commission.

 


 

Luminar Media Group Investor Relations
Email: info@uminarinc.com,
Website: http://www.luminarinc.com/
Source: Luminar Media Group, Inc.
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