DALLAS, April 10, 2013 /PRNewswire/ -- LIG Assets, Inc.
(OTCPK: LIGA), a Company focused on residential and commercial real
estate, reported it filed the end of year 2012 Financial Statement
with OTC Markets. The status with OTC Markets now shows OTC
Pink Current Information. The Company reported net equity of
$8,485,932 and the issued and
outstanding shares at 99,911,100 for a net book value of .0849 per
share.
The management at LIG Assets remains positive about its
Strategic Alliance with Texas Real Estate Hedge Fund, LP, MMR
Realty Advisors, and InterContinental Real Estate Partners that is
focused on commercial properties including multifamily, retail,
hotel, casino, and office with valuations between $3 million and $100 million. The Strategic
Alliance was formed in December, 2012.
Yesterday, LIG Assets announced that it will partner with one of
the most respected consulting groups in gaming throughout the
world, The Gillmann Group, LLC. This relationship was forged
through introductions from the Strategic Alliance.
Early in the first quarter of 2013, The Strategic Alliance
completed its initial transaction with Terry's Supermarket and
plans to help the grocery chain open a total of 10 locations for
its new premium concept. A 20 year lease was signed for the
first location, and additional potential locations have been
identified. The Strategic Alliance continues to view that
anticipated profit from turnover and/or leases is significant, and
the opportunities to take positions in distressed and special
situations are fantastic.
LIG Assets CEO Jeff Love stated,
"LIG Assets is actively involved in a number of large transactions
with the Strategic Alliance at various stages. The Company
prefers not to announce specifics about these transactions for
competitive reasons and until we reach a point of near certainty
they will close. It is our goal to report significant
closings in the current operating quarter that will end
June 30, 2013." Mr. Love added,
"We appreciate patience from our shareholders while we work to
complete the transactions involving the Strategic Alliance as well
as our own real estate projects."
It is noted that LIG Assets also recently acquired the majority
interest of another publicly traded Company symbol THCB and filed
to change the name of that Company to South American
Properties. The plan is to acquire and develop real estate
properties and other income producing assets located in
South America with more specific
focus on the country of Peru.
Year-end statements included a valuation of LIG Entertainment
Management, Inc. (LIGE) at $1.2
million. This division was started to assist with the
finance of movies in Texas. The increase in valuation was
attributed to progress of its first movie "HOA: The Movie" starring
Daniel Baldwin. Although it is
anticipated that LIG Assets will make a significant return on its
investment in this and one more movie, the Company plans to focus
on its core real estate business.
For those that wish to see Daniel
Baldwin on a TV show appearance to discuss the movie, you
can visit:
http://www.dailymotion.com/video/xwzfgx_hoa-the-movie_news#.UWTEE-jn-Uk
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 InterContinental Real Estate
Partners, LIG Assets will expand its focus on multifamily, retail,
hotel, casino, 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.
1700 Pacific Ave Suite 2600
Dallas, TX 75201
www.ligassetsinc.net
(214) 760-1000
ir@pricetargetmedia.com
SOURCE LIG Assets, Inc.
