DALLAS, March 19, 2013 /PRNewswire/ -- LIG Assets, Inc.
(OTCPINK: LIGA), a Company focused on residential and commercial
real estate, announces it has entered into an agreement with OM
SHRI JJB, LLC to acquire properties in Texas for use as hotels. The properties
may be existing structures that would be refurbished, or built to
suit the client and leased back. The acquisition and lease
back model is similar to the agreement involving Terry's
Supermarkets announced earlier this year.
The hotels are expected to have between 40 and 150 rooms with
the potential for expansion. LIG Assets has identified
several properties to meet this need and plans to provide further
updates in the near 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.
