Business
LIG Assets (LIGA) to Acquire Stargaze Entertainment, Inc. (STGZ) – With The Focus on Building Studios, Attractions, and Live Event Venues
LIG Assets (LIGA) to Acquire Stargaze Entertainment, Inc. (STGZ) – With The Focus on Building Studios, Attractions, and Live Event Venues.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\n NASHVILLE, TN, Aug. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LIG Assets, Inc (OTC Pink: LIGA), a publicly traded sustainability-oriented holding company with a focus on sustainable housing, media, and logistic markets, has signed a significant Memorandum of Understanding (MOU) to merge part of their media division with Stargaze Entertainment Group, Inc., (OTC Pink: STGZ). The strategic acquisition of Stargaze Entertainment Group, Inc. aligns with LIGA's vision to expand its presence in the rapidly growing music, television, film production, and live entertainment industries.  By identifying premier locations in North America, which include the United States and Canada, with existing entertainment Real Estate assets and space for expansion, management will build the Stargaze brand into a Premier Family Entertainment Venue and Theme Attraction Company. Management is in final negotiations to acquire its first of several large multi-faceted Entertainment Real Estate properties to launch the Stargaze Live Entertainment and Studios brand. Stargaze shareholders will be pleased to know that as part of this transaction, the outstanding shares will be diminished by approximately 20%.  To further enhance growth, Stargaze will be partnering with Ailiance Inc, a jointly held company between LIGA and Hollywall Entertainment, Inc (OTC Pink: HWAL), a technology-driven media and entertainment company. The partnership with Ailiance represents a convergence of direct marketing, outstanding content, and innovative spirit, forming the foundation for building the country's premier video/audio content distribution and entertainment platform. As global demand for entertainment content skyrockets with the success of networks like HULU, Netflix, and Prime Video, LIGA sees tremendous potential for future opportunities that may benefit its shareholders. Tony Green, CEO of Stargaze Entertainment Group, Inc. expressed excitement about the merger by LIG Assets, Inc. (LIGA).  Mr. Green stated, “After looking at various promising opportunities for Stargaze in the US and Canada, LIG Assets & Hollywall Entertainment were brought to our attention. After lengthy discussions, due diligence and recognizing the synergistic relationships between all our companies, we feel this partnership is a transformative opportunity to expan...