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LIG Assets, Inc. Highlights Significant Improvements in Balance Sheet in Q3 2017 Financial Results through Doubling Revenue over Prior Quarter, Surpassing $1 million YTD
LIG Assets, Inc. Highlights Significant Improvements in Balance Sheet in Q3 2017 Financial Results through Doubling Revenue over Prior Quarter, Surpassing $1 million YTD.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\n \n \n LIG Assets, Inc. Highlights Significant Improvements in Balance Sheet in Q3 2017 Financial Results through Doubling Revenue over Prior Quarter, Surpassing $1 million YTD\n \n \nLIG Assets, Inc. Highlights Significant Improvements in Balance Sheet in Q3 2017 Financial Results through Doubling Revenue over Prior Quarter, Surpassing $1 million YTD\n \n NASHVILLE, TN--(Marketwired - Nov 14, 2017) - LIG Assets, Inc. (OTC PINK: LIGA) (also known as the \"Leader in Green Assets\" or \"LIGA\") announced today its financial results for the third quarter 2017. The following Corporate filing information and documentation has been submitted to OTC Markets and the quarterly report was uploaded yesterday.\n Third Quarter 2017 Highlights:\n \n \n Gross revenues in Q3 more than doubled over Q2. Third quarter revenues were $789,361 compared to $319,429 for the prior second quarter\n \nLIGA's continues to eliminate debt by paying off or negotiating debt reduction deals\n \nIn full compliance with TCA Debt settlement\n \nIn 3rd quarter of 2017 completed the launch of Lig Developments in Texas\n \nPlan to create substantial valuations and assets for LIGA moving forward via BGTV & Lig Developments\n \nNo reverse split or increase of authorized shares as the Company remains committed to plan not to reverse split the stock below .05 per share. \n \n \n \"We've been going through extensive forensic accounting procedures to be able to get the books in order to take the company to fully reporting in the near future\" said Aric Simons, Chairman of LIG Assets, Inc. Mr. Simons continued, \"We continue to concentrate on creating new revenue sources and aggressively pursuing new contracts and revenue opportunities for LIGA and its subsidiaries. I'm very pleased with the new management team that we've assembled and their due diligence on all fronts including, but not limited to, creating diverse and substantial revenue sources for the company, identifying and competitively bidding on new contracts, progressing in reconciling and modernizing our financials, diminishing debt through strategic payment solutions, past debt reduction through negotiated settlement and eliminating unverifiable debt. LIGA continues to make better than expected progress to achieving rapid growth goals with the intention of transcending to...