Business
LIG Assets, Inc. Announces Aggressive Growth Plans and Updates
LIG Assets, Inc. Announces Aggressive Growth Plans and Updates.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nLIG Assets, Inc. Announces Aggressive Growth Plans and Updates\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nLIG Assets, Inc. Announces Aggressive Growth Plans and Updates\n\nPR Newswire\n\nDALLAS, June 5, 2013\n\n\n\n\n\n\n\nDALLAS, June 5, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA), a Company focused on residential and commercial real estate, is proud to announce the following updates that will allow the Company to grow substantially:\n\n\n\n\nA new office has been opened near Austin, Texas and a lease has been signed for LIG Assets, Inc. The office has been staffed to focus on additional real estate related transactions and deal flow. This office already identified numerous lucrative real estate deals that are expected to produce a profitable revenue stream, and LIG Assets expects to announce deal flow originating from this office in the near term.\n\n\n\nThe Strategic Alliance with Texas Real Estate Hedge Fund, MMR Realty Advisors, and InterContinental Real Estate Partners continues to gain strength and is actively involved in several large commercial real estate opportunities. LIG Assets has also established additional relationships with hedge funds that could act to provide significant funding and purchasing power for commercial projects.\n\n\n\nLIG Assets has been approved for a new line of credit for $1 million from Streamline Funding of Austin, TX. Funds are to be used specifically towards the acquisition and renovation of real estate assets. LIG Assets plans to earmark these funds to further grow its residential portfolio from new deal flow originating from the new office and Dallas office that is unrelated to the Strategic Alliance. This credit line is expected to increase substantially in the near future.\n\n\n\nA few months ago, LIG Assets acquired majority interest in another public Company that is now named South American Properties, Inc. (OTCPK: SAMP) to focus on real estate transactions outside the United States. LIG Assets plans to issue a stock dividend of common sh...