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LIG Assets, Inc. Achieves Significant Increases for Q1 2018 Financials Exceeding $1.26 Million in Revenues - Nearly Surpassing $1.6 Million for 2017 Revenues
LIG Assets, Inc. Achieves Significant Increases for Q1 2018 Financials Exceeding $1.26 Million in Revenues - Nearly Surpassing $1.6 Million for 2017 Revenues.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\nNASHVILLE, TN, May 15, 2018 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (OTC PINK: LIGA) (also known as the \"Leader in Green Assets\" or \"LIGA\"), is extremely proud to announce the Company’s significantly increased financial results for the first quarter of 2018. The following Corporate filing information and documentation has been submitted to OTC Markets and the quarterly report was uploaded on Monday, May 14th.\n First Quarter 2018 Highlights: LIGA is very pleased to confirm that Company gross revenues in Q1 nearly surpassed LIGA’s entire 2017 YTD revenues. First quarter revenues were $1,266,737.00 compared to no operating revenues the prior year Q1 2017 quarter. It is important to note that LIGA continues our commitment to shareholders of drastically eliminating debt by paying off or negotiating debt reduction deals. Also, in the first quarter of 2018, LIG Assets secured 60 acres in Brentwood, Tennessee documented as one of the richest and fastest growing communities in America. The Company’s plan is to create substantial valuations and assets for LIGA moving forward via Company subsidiaries BGTV and LIG Developments (LIGD) as well as future Company acquisitions, mergers, Joint Venture Partnerships, spin-off’s and additional planned subsidiaries. Recently appointed Company President, Marvin Baker, restated LIGA’s continued commitment that there will be no reverse split or any increase of authorized shares per the Company’s stated promise to shareholders not to reverse split the stock below at least .05 per share. In addition, LIG Assets has been securing business opportunities and multiple high-value properties with unique funding solutions that do not require Company stock to secure those deals. Company Chairman Aric Simons states, \"As we grow this company organically, we expect accelerating growth to continue with the launch of sales of the homes in the Brentwood development that appear to set to exceed our original forecasts both in terms of revenue and timelines based upon favorable survey and geotechnical testing coupled with the seemingly exponential demand occurring in the Brentwood area.\" Simons continued, \"LIGA continues to work diligently towards creating new revenue sources and aggressively pursuing new strategic development opportunities for LIGA and its subsidiaries some of w...