Business
LIG Assets, Inc. Files Annual Report with OTC Markets and Provides Shareholder Update
LIG Assets, Inc. Files Annual Report with OTC Markets and Provides Shareholder Update.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nLIG Assets, Inc. Files Annual Report with OTC Markets and Provides Shareholder Update\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. Files Annual Report with OTC Markets and Provides Shareholder Update\n\nPR Newswire\n\nDALLAS, April 10, 2013\n\n\n\n\n\n\n\nDALLAS, 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. \n\n\nThe 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. \n\n\nYesterday, 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.\n\n\nEarly 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. \n\n\nLIG 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 p...