DALLAS, Aug. 18, 2010 (GLOBE NEWSWIRE) -- LIG Assets Inc. (LIG) (Pink Sheets:LIGA) became a publicly traded company on July 16, 2010, and is embarking on several new ventures.
LIG is currently finalizing the purchase of several oil and gas concessions and collaborating with designers on potential commercial real estate in downtown Dallas.
In addition, LIG recently completed purchase of 210 new homes valued over $21 million dollars, using just over 9.5 million shares. According to Jasmin Jimenez, investor relations for LIG, "This broad spectrum of income-producing investments will allow LIG the freedom to invest in newer and promising investments." Jimenez said she is "very confident about the upcoming closures and anticipates several more promising investment opportunities."
Jeff Love, CEO of LIG Assets Inc., affirms LIG is progressing in its close on a major oil concession in South America in the very near future. Said Love, "Once this opportunity is consummated, LIG's capital will increase by over 100 percent and will fulfill the company's goals set in its 2010 business plan."
Love makes himself available to investors, which creates a trusting rapport with his clients and investors. Investors are welcome to contact the office at 214-760-1000 or visit LIGAssetsInc.net (http://www.ligassetsinc.net) to learn about opportunities to invest with LIG.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees as of 1995. Those statements include statements regarding the intent, belief or current expectations of LIG Assets Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Company Portfolio:
LIG Assets, Inc., a development stage company, focuses on acquiring, rehabilitating and selling of commercial and home real estate, and providing second chance opportunities for home buyers and restoring structures to help promote growth in the economy. LIG is also a production company focused in exploitation and is committed to employing technical and operational expertise in the geologic trends generating hydrocarbons for a demand-driven market while acquiring new concessions. LIG Assets Inc. is not limited to these two domains but is welcoming new opportunities at all times, allowing LIG to become a worldwide investment company.
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