DALLAS, April 17, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA), a Company focused on residential and commercial real estate, announces it has closed its first real estate transaction with OM SHRI JJB, LLC to construct a new hotel. The current tract of land is on Gentry Pkwy in Tyler, Texas.
On March 19, 2013, it was announced that LIG Assets had entered into an agreement to acquire properties in Texas for use as hotels. The properties may be existing structures that would be refurbished, or built to suit the client and leased back. Plans for the size and structure of the first site have begun.
CEO of LIG Assets, Jeff Love said, "We are very excited to finalize this deal and inform our shareholders. We continue to add properties and revenues to our portfolio of business." He added, "With the recent uptrend in the real estate markets, we feel we are poised for growth in the coming years."
In addition, LIG Assets Inc. will soon announce an exciting update regarding our new partnership with The Gillmann Group, LLC. Since 1989, The Gillmann Group has been at the forefront of gaming operations and gaming equipment consultations. See recent announcement for more information at: http://finance.yahoo.com/news/lig-assets-gillmann-group-circling-181800447.html
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 InterContinental Real Estate Partners, LIG Assets will expand its focus on multifamily, retail, hotel, casino, 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).
SOURCE LIG Assets, Inc.