This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

LIG Assets, Inc. Files Annual Report With OTC Markets And Provides Shareholder Update

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

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,160.10 +28.13 0.16%
S&P 500 2,002.96 +3.98 0.20%
NASDAQ 4,559.4240 +6.6650 0.15%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs