DALLAS, March 8, 2013 /PRNewswire/ -- LIG Assets,
Inc. (OTCPK: LIGA) announces it has agreed to sell its remaining
assets in SuiteMagic, Inc. to focus on its core real estate
business. LIGA stockholders received a dividend of one share of
SuiteMagic, Inc. for every three shares of LIGA held on
April 30, 2012. Those shareholders
who received dividend shares will become part of a new entity and
will receive information from the acquiring party soon. Terms
of the purchase were not disclosed.
LIG Assets CEO Jeff Love stated,
"My Chairman's Message issued on January 16,
2013 and other announcements since have clearly stated our
focus remains on real estate, and the bulk of our assets continue
to be in real estate. The Strategic Alliance formed in
December, 2012 to focus on much larger, more valuable properties is
stronger than ever, and is expected to consume our time for the
foreseeable future."
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas,
TX, is a Company focused on residential and commercial real
estate. Through our Strategic Alliance with Texas Real Estate Hedge
Fund, MMR Realty Advisors, and Inter Continental Real Partners, LIG
Assets will expand its focus on multifamily, retail, hotel, and
office properties with valuations between $3
and $100 million.
LIG Assets, Inc. trades on the pink sheets under the ticker
symbol "LIGA". For additional information, please visit LIG Assets
corporate website: www.ligassetsinc.net.
Forward-Looking Statements
This press release may contain forward-looking statements. The
words "believe," "expect," "should," "intend," "estimate,"
"projects," variations of such words and similar expressions
identify forward-looking statements, but their absence does not
mean that a statement is not a forward-looking statement. These
forward-looking statements are based upon the Company's current
expectations and are subject to a number of risks, uncertainties
and assumptions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise. Among the important factors that could
cause actual results to differ significantly from those expressed
or implied by such forward-looking statements are risks that are
detailed in the Company's filings, which are on file with the U.S.
Securities and Exchange Commission (SEC).
Contact Information:
LIG Assets, Inc.
(214) 760-1000
ir@pricetargetmedia.com
SOURCE LIG Assets, Inc.
