Business
LIG Assets, Inc. Highlights Significant Improvements in Balance Sheet in Q2 2018 Financial Results More Than Tripling Revenue Over Q2 2017, Surpassing $2 Million YTD
LIG Assets, Inc. Highlights Significant Improvements in Balance Sheet in Q2 2018 Financial Results More Than Tripling Revenue Over Q2 2017, Surpassing $2 Million YTD.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\nNASHVILLE, TN, Aug. 15, 2018 (GLOBE NEWSWIRE) --  LIG Assets, Inc. (OTC PINK: LIGA) (also known as the \"Leader in Green Assets\" or \"LIGA\") announced today its financial results for the second quarter 2018. The following Corporate filing information and documentation has been submitted to OTC Markets and the quarterly report was uploaded yesterday.\n Second Quarter 2018 Highlights: Gross revenues in Q2 2018 tripled over Q2 2017 revenues. Second quarter revenues in 2018 were $1,089,582.00, up 241% compared to $319,429 for the second quarter of 2017LIGA continues to eliminate debt by paying off or negotiating favorable debt reductionIn full compliance with TCA Debt settlementIn 2nd quarter of 2018 completed the controlling ownership interest in historic Buck Lake Ranch, one of the oldest music venues in the United StatesPlan to create substantial valuations and assets for LIGA moving forward via BGTV, LIG Homes & new projects in the works for LIG Developments commencing the third Quarter of 2018No reverse split or increase of authorized shares as the Company remains committed to its mandate to prohibit any increase in Authorized Shares or reverse split of the stock below .05 per share \"LIGA has employed extensive forensic accounting procedures to remediate accounting deficiencies from past management and remains committed and on schedule to becoming fully reporting pursuant to the business plan which also will result in LIGA’s ascension from the current OTC market,” said Aric Simons, Chairman of LIG Assets, Inc. Mr. Simons continued, \"We continue to concentrate on implementing our integrated business plan by aggressively pursuing new business and revenue opportunities for LIGA and its subsidiaries.  LIGA is so fortunate to operate with a uniquely diverse, experienced and creative new management team that we've assembled over the past two years and their tireless efforts on all fronts including, but not limited to, creating new substantial revenue sources and strategic partnerships, modernizing our financial and reporting systems and further diminishing debt through strategic payment solutions, and eliminating unverifiable debt. LIGA continues to exceed our expectations in achieving rapid growth goals with the intention of transcend from the OTC to the next market level within the next two years. I ...