Business
LIG Assets, Inc. Announces Update Following Our 5th Annual Sustainability Impact Conference Including Record Revenues, Net Profits, $3 Million Tax Loss Carried Forward & More
LIG Assets, Inc. Announces Update Following Our 5th Annual Sustainability Impact Conference Including Record Revenues, Net Profits, $3 Million Tax Loss Carried Forward & More.
About this update from Simulated Environment Concepts, Inc.
[{"type":"text","content":"\n Nashville, TN, Nov. 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- LIG Assets, Inc. (OTC PINK: LIGA) (also known as the \"Leader in Green Assets\" or \"LIGA\"), is pleased to update shareholders with specifics of announcements made at the conclusion of The 5th Annual Sustainability Impact Conference.  YTD 2021 Revenues of $8.49 million YTD 2021 Net Profits of $3.95 million Tax Loss Carried Forward of $3 million Proceeding With Lawsuit to Cancel 140 million shares Showcasing the 1st Plastic Bottle Cabin at Buck Lake Ranch and Negotiating Deals to Build Homes LIG Assets has made an sizable investment in Foreverboard, Inc. for the joint development of expansion plants of Foreverboard. Foreverboard was established to develop and manufacture a high-grade Magnesium Oxide wallboard which is stronger, lighter, and healthier than traditional gypsum wallboard with superior fire and mold resistance capabilities. LIG Assets intends to build its initial expansion plant in Northern Indiana. While the primary focus for Foreverboard sales will be in the sustainable home market, opportunities to distribute product in the RV and manufactured home markets are well within reach with this location being near the RV capital of the world. More details on this venture will be released in the near future. The market for homes, cabins, and shelters made of recycled plastic is surprisingly large. When properly anchored they can withstand winds up to 325 mph and perhaps more as that was the maximum speed of the wind tunnel during testing. Therefore, they can function as tornado shelters as well. These applications are a superb use of old plastic bottles – of which there is very little solution. They are also inherently 80% to 90% more energy efficient than conventional homes and cabins. The resolution of the IRS Tax lien and the subsequent sale of the Brentwood TN Land finally have the company in a position to move quickly into the specialty drywall and recycled plastic structure markets. The specialty drywall market is already established and growing rapidly. President Marvin Baker will disclose marketing plans for the recycled plastic structures in the very near future. During the 2nd Quarter of this year LIG Assets, Inc President Marvin Baker acquired Publicly traded entity Simulated Environment Concept...