LIG Assets, Inc. Acquires Controlling Interest of THCB; Files for Symbol Change and Name Change to South American Properties, Inc.
DALLAS, March 21, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA), a Company focused on residential and commercial real estate, announces it has acquired controlling interest of Texas Hills Country Barbecue (OTCPK: THCB). A filing with FINRA has been submitted to change the corporate name to South American Properties, Inc. as well as a request for a symbol change. The new entity plans to acquire and develop real estate properties, and other income generating assets located in South America with a more specific focus on the country of Peru.
Peru is a democracy whose public powers are the Executive, headed by the President of the Republic. Peru had one of the world's fastest growing economies in 2011 (and the fastest in Latin America). In 2008 Peru had a population 28,534,000 habitants according to TIME ALMANAC. The coast is home to 52% of the total population, while 36% live in the highlands and 12% in the jungle. Major exports include minerals (gold, silver, copper, zinc, lead); natural gas, crude petroleum and petroleum products; agricultural products (including coffee, asparagus and potatoes); fish products; textiles.
LIG Assets expects to discuss how this acquisition will benefit LIGA shareholders in the near future and its overall strategy in more detail.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a Company focused on residential and commercial real estate. Through our Strategic Alliance with Texas Real Estate Hedge Fund, MMR Realty Advisors, and Inter Continental Real Partners, LIG Assets will expand its focus on multifamily, retail, hotel, and office properties with valuations between $3 and $100 million.
LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA". For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.
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, which are on file with the U.S. Securities and Exchange Commission (SEC).
LIG Assets, Inc.
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