Business
LIG Assets and Live Stor Create Live Stor America That Will Build Global Live Seafood Storage, Distribution and Logistics Hubs in USA
LIG Assets and Live Stor Create Live Stor America That Will Build Global Live Seafood Storage, Distribution and Logistics Hubs in USA.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\n\n NASHVILLE, TN, March 08, 2018 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (LIGA) (also known as the \"Leader in Green Assets\" or \"LIGA\") announces it has secured an agreement with Live Stor Ltd. of Sydney, Nova Scotia, Canada to create “Live Stor America” which will develop live seafood storage, collection and distribution hubs for the seafood industry (Live Seafood Hub). Live Stor America will be setting up a million pound live holding system operation in the Portland, Maine area and the Seattle, Washington area to support import and export of live seafood from America, Europe and Asia. LIGA's Live Stor America operation will be based on the new live holding facility technology that is currently under construction at the first facility (Live Stor Sydney), which is located at 440 Keltic Drive in Sydney River, Nova Scotia, Canada.  This is only the beginning of this mutually beneficial relationship with Live Stor & Live Ship, as LIG Assets Chairman, Aric Simons, stated last year, \"LIGA is very fortunate to partner with LIVE SHIP, a company that is certain to disrupt the seafood delivery industry and shares our corporate values.\"\n Live Stor is excited to work with LIGA to develop live holding facilities in the USA which will be built using steel framing and magnesium oxide panels to create internal live holding spaces which can be expanded or reduced depending on live seafood seasonal holding requirements. This ability to expand and contract live holding space works perfectly with the BioNovations designed Traystor holding system. Each live seafood product held requires a specific holding temperature to keep the seafood product in a sustainable long-term holding state. LIG Assets CEO Allan Gillis said, \"Using this new innovative system of live seafood transport and storage enables live seafood to be kept in as close to its natural environment as possible.  The goal is to create a North American collection and distribution network of live seafood that will be disruptive to the air cargo industry.\" The first phase of the Live Stor Sydney facility, after the acquisition of the existing Co-Op Atlantic Distribution Center, was to remediate the eight million pound freezer storage area (50,000 sf) which was completed in August of 2017. Live Stor Sydney is now holding in the fr...