NASHVILLE, TN, March 28, 2018 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (LIGA) (also known as the "Leader in Green Assets" or "LIGA") announces it has released to shareholders its financial report for Fiscal Year ending on December, 31st, 2017. This report may be found on the OTCMarkets.com at https://backend.otcmarkets.com/otcapi/company/financial-report/189548/content
The 2017 Annual Report posts Total Revenues of $1,651,513.00 and posting a small net profit for the year. The Company anticipates the current trend of increased monthly revenues to continue well into 2018 and beyond as the Company’s real estate development projects and other value based opportunities continue developing. In January of 2018, LIG Assets entered into an agreement to acquire 60 acres in Brentwood, Tennessee. The original purchase agreement was for 30 acres of land in Brentwood, TN for $1,000,000 with the option to purchase an adjacent 30 acres for $1,000,000. Surveys were completed on February 23, 2018, and Deed was transferred to LIG Assets on February 28, 2018. Projected profits on the first phase of individual lot sales alone should be approximately $7,000,000. Total profits over two years are expected to be approximately $28,800,000.
LIGA Chairman Aric Simons would like investors to note that during 2017 the Company issued no new convertible notes payable and it did not issue any common stock in payment of convertible notes. Simons continued, “LIG Assets is now in a position to take major strides forward. The Brentwood TN project will dramatically improve cash flow and lot sales are expected to close early in the process. The Nashville TN metropolitan area is one of the strongest (if not the strongest) real estate markets in the United States. The suburb of Brentwood is an extremely desirable location. The LIGA property is also adjacent to Nolensville Pike giving direct access to downtown Nashville. The acquisition of this property is a major accomplishment and its importance cannot be overstated. 2017 was the year that LIGA transitioned from non revenue status to revenue generation. Even though it was the new Management team’s first year, we managed a small net profit in 2017 – a rarity in the OTC Market. 2018 will be the year that LIGA begins to achieve its goals. In 2018, LIGA will continue to be transparent and honest with their shareholders as they work toward having a very profitable year for all divisions and subsidiaries of the company. The company expects more major announcements over the next few months.”
LIGA plans to release a complete financial and operational update to shareholders next week via the Company’s Shareholder Newsletter. Interested parties can subscribe for free to LIGA’s Shareholder Newsletter on the Company’s website www.LIGAHomes.com or www.LeaderInGreenAssets.com, and for instant updates and alerts follow us on Twitter.com/LIGASSETS
For more information about LIGA Homes visit - www.LIGAHomes.com or contact the Company directly at 833-LIGAHOMES
General inquiries: ContactUs@LIGAHomes.com
About LIGA Homes:
LIGA Homes unique residential and commercial developments utilize specially designed and manufactured recycled "element resistant" steel framing, in addition to toxic free magnesium oxide building materials and panels that are 100% mold, fungus, termite and rot resistant and fire resistant against temperatures up to 3500 degrees Fahrenheit as well as famed environmentalist Robert Plarr's exclusive "maximum rated" R-60 insulation -- combining to create disaster resistant materials and structures that can withstand up to a 7.5 magnitude earthquake and sustained gale force winds up to 175 MPH while negating damage caused by rain and flood exposure. With the addition of Plarr's green and renewable systems and products, LIGA Homes is now capable of providing affordable, fully sustainable and disaster resistant living environments – LIGA Homes is at the forefront of this new and improved direction for the green, sustainable and construction sectors.
About LIG Assets, Inc.:
LIG Assets, Inc. in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable and disaster resistant homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA."
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings on file at www.OTCMarkets.com.
Contact: Shareholder/Investor inquiries can be directed to: LIG Assets, Inc. Aric Simons - CEO Email: Aric@LIGAssets.net
Source:LIG Assets, Inc.