NASHVILLE, TN--(Marketwired - Sep 18, 2017) - LIG Assets, Inc.
(OTC PINK: LIGA) (also known as the "Leader in Green Assets"
or "LIGA") announced today the Company has formed and officially
launched its new wholly-owned subsidiary, LIG Developments, LLC.,
and incorporated the new entity under the LIG Assets corporate
umbrella. The new LIGA brand is a steel framing manufacturing and
design entity soon to transform into a full service manufacturing,
sales and construction company. LIG Assets is also pleased to
announce the Company has already secured a 1.7 million dollar steel
framing contract for an exciting new condominium project set to
commence framing in the Dallas, TX area shortly. The initial
deposit of approximately $162,000 US has already been received and
LIGD has also secured the required insurance/performance bond for
the project. LIGA Chairman Aric Simons states, "We are very excited
about this initial steel framing contract and we have also received
preliminary awards for other projects for steel framing and
comprehensive construction projects. Our network of hedge fund
investors and developers is extensive and coupled with the
exponential level of demand for strong, steel based construction
ensures a rapidly growing and sustainable pipeline for future
expansion. Additional information about the initial project,
including names of developers and photos showing progress along
with the precise address will be released shortly. In addition,
future manufacturing and construction contracts as well as LIGA's
business agenda in Texas will be released by the Company via
additional news releases in the near future.
As the devastating damage to property, livelihoods and lives in
the states of Texas and Florida due to recent hurricanes Harvey and
Irma have made abundantly clear, the country and the world are
ready for and in desperate need of hurricane, flood and other
disaster resistant construction materials and structures -- and
LIGA is ready and able to fill that need with LIGA and Robert
Plarr's exclusive materials, systems and structures. LIGA's unique
homes 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 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
is now capable of providing affordable, fully sustainable and
disaster resistant living environments -- exactly what the world
needs and is looking for. LIGA will be at the forefront of this new
and improved direction for the green, sustainable and construction
sectors, and LIGA is ready to provide these materials and
structures where they are currently and desperately needed the
most; in the states of Texas and Florida. LIGA looks forward to
working very closely with local, state, federal and disaster relief
agencies to provide materials and structures that negate the
damaging effects caused by natural disasters as the rebuilding
process begins in those states recently affected by them.
LIG Developments is currently is in final search stage for
offices and manufacturing facility in the Dallas area to manage and
implement the Company's business and manufacturing operations for
the entire state of Texas. LIG Developments will also manage all
manufacturing and construction projects throughout the entire
United States involving LIGA and Robert Plarr's materials and
systems, including but not limited to the mass production, sales
and use of steel framing units, magnesium oxide boards, LIGA's
exclusive R-60 insulation materials and other Plarr systems to be
used in the Company's future construction projects and direct to
consumer sales.
Chairman Simons further states, "I would like to convey my
heartfelt prayers and personal best wishes to all of those affected
by recent hurricanes Harvey and Irma that have so devastatingly
impacted the lives of so many in Texas and Florida -- some of who
we know are LIGA shareholders. As a show of support for those
impacted by these recent events LIG Assets, Inc., has pledged to
donate 2.5% of all Corporate profits for the next 6 months from the
Company's projects in Texas and Florida to disaster relief efforts
in those affected States. We are making this charitable
contribution to hurricane relief not only because it is good
business but because helping America rebuild in the face of
disaster is the right thing to do."
Simons continues, "LIG Assets is uniquely positioned to rebuild
ravaged areas in a manner that will persevere and survive future
storms. Our technology will ensure families are safe and have power
and water when municipal systems fail. Our buildings will greatly
reduce the financial damage imposed by such disasters and most
importantly it will save lives. LIGA will be a leader to ensure we
will someday we will not have to witness the horrific images we
have all seen over the past few weeks. LIGA is not only a Company
that is poised to yield outstanding return on investment given our
position in a market with such overwhelming demand for our products
and services, it is also a Company that our investors can be proud
to hold ownership in. Thank you for your continued support."
Panama City Beach - Florida Development:
LIGA also announces the Company is awaiting the approval of pending
soil test results for the residential development project in Panama
City, Florida. The Company will provide a more detailed update on
the project's progress and construction commencement in a press
release scheduled for the near future. LIGA also plans the rapid
expansion of capabilities and corporate presence in the state of
Florida as the Company is currently implementing in the state of
Texas.
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." For additional
information about LIG Assets, Inc., Robert Plarr, and/or more
information about and how to purchase Plarr's exclusive homes,
structures, products and technologies or to subscribe online to
LIGA's free Shareholder Newsletter for regular updates and alerts
regarding important Company developments -- also follow LIGA
at Twitter.com/LIGAssets. Please visit the Company's website
at www.LeaderInGreenAssets.com
Forward-Looking Statements:
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 are
detailed in the Company's respective filings
at www.otcmarkets.com.