Business
LIG Purchases 50 Residential Properties for $5.5 Million
LIG Purchases 50 Residential Properties for $5.5 Million.
About this update from Lig Assets, Inc.
[{"type":"text","content":"LIG Assets, Inc. (LIGA) announces that they have contracted to purchase over 50 residential properties from FP Management Group, LLC, valued at an estimated $5.5 million. Jeff stated, “The purchase of this property package and the recurring long term monthly income will allow us to leverage the value of LIG and to assist us in the purchase of the other commercial projects that LIG is currently considering.” Mr. Love adds that he has signed an agreement with FP Management Group, LLC to manage the properties for LIGA. With this purchase, LIG has owned and purchased properties of over an estimated $30 million. Jeff also stated, “The value of LIG is over 1000% higher since we went public in 2010 and have far exceeded our expectations for the year. We look forward to continuing to grow our company for our stockholders.” For more information, contact LIG Assets, Inc. at 214-760-1000, www.ligassetsinc.net. About LIG AssetsLIG Assets, Inc. (OTC: LIGA.PK), a development stage company, focuses on income-producing opportunities in the real estate, oil and gas, and distribution sectors. The company acquires, rehabilitates and sells commercial and residential real estate, providing second chance opportunities for home buyers and restoring structures to help promote growth in the economy. LIG is also a production company focused on exploitation and is committed to employing technical and operational expertise in the geologic trends generating hydrocarbons for a demand-driven market while acquiring new concessions. In addition, LIG owns 51% of Jones Products Company, developer of Simple Step CPAP mask cleaner, a gentle, odorless disinfectant for the masks of CPAP (continuous positive airway pressure) machines. For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net Forward-Looking StatementsThis press release contains statements, which may constitute \"forward-looking statements\" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. Those statements include statements regarding the intent, belief or current expectations of LIG Assets Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investo...