Business
LIG Assets, Inc. Announces New Board Resolutions, Review of 2017, and Plans for 2018 Including $10 Million in Signed Contracts
LIG Assets, Inc. Announces New Board Resolutions, Review of 2017, and Plans for 2018 Including $10 Million in Signed Contracts.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\n\n DALLAS, TX , Jan. 04, 2018 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (OTC PINK: LIGA) (also known as the \"Leader in Green Assets\" or \"LIGA\"), announces it has signed additional new and revised board resolutions as well as officially confirming and further recognizing several terms previously agreed to in the Company’s Restructuring Agreement dated June 1, 2016. In addition to these resolutions, LIGA reviews its primary accomplishments in 2017, and provides an operational and corporate outlook for 2018.\n New and Revised Board Resolutions signed January 3, 2018: 1. LIGA will be launching a new subsidiary in early 2018 that will avail LIGA of a highly significant business opportunity that we anticipate will result in a material and substantial positive impact on our bottom line. 2. LIG Assets is currently finalizing plans to issue a stock dividend for all LIGA shareholders of record in 2018.  The stock dividend will not increase nor dilute the outstanding share count. 3. We are committed to the existing share structure; the total authorized common share count will not increase above the current level of 2.4 billion shares for at least two years or December 31, 2019 unless the Company’s common stock share price trades above .05 per share for at least 30 calendar days. 4. By means of Corporate Resolution, there will be no reverse split of LIGA common stock before December 31, 2019 unless the common stock trades above .05 per share for at least 30 calendar days or in the event that LIGA is converted to list on NASDAQ exchange for compliance with the minimum share price required by NASDAQ to maintain active listing status. 5. We resolve to maintain that each share of Preferred Stock will have only one voting share - the same that is currently set for each share of common stock. 2017 Highlights: 1. LIGA launched a new subsidiary, LIG Developments, LLC. and opened an office in Roanoke, Texas.  LIGD was awarded approximately $5.5 million in contracts in 2017.  Some of these projects are already near completion while others are slated to commence in 2018. 2. The acquisition of BGTV Direct gave Lig Assets financial stability to help expand the company into other sectors.  BGTV has been instrumental in the revenue growth of LIGA in 2017.  This allowed us us to take our t...