LIG Assets, Inc. Announces Formation of LIG Entertainment Management, Inc., First Two Movies, and Plans for Stock Dividend
DALLAS, Jan. 10, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA) announced today that is has formed a new division called LIG Entertainment Management, Inc. to assist with the finance of movies in Texas. LIG Assets has been able to receive guarantees utilizing State Grants to ensure return of funds following completion of the films. Most states provide State Grants and Tax Credits to encourage filming in its own state.
The first two movies are titled "The Water's Edge" and "HOA's". "The Water's Edge" is currently in pre-production. "HOA's" starring Daniel Baldwin, Mayra Leal, and Kristin Wojciechowski has completed pre-production and is currently filming. Completion of filming for "HOA"s" is expected to be wrapped by the end of January. All filming locations have been identified and both will be filmed in the State of Texas. "HOA's" is expected to be widely distributed and released in theaters.
Jeff Love, CEO of LIG Assets, Inc., stated, "We have been able to create a business that is low-risk and high return in an industry that is usually high risk for investment." He continued, "Even better, we have already identified interested buyers for the films."
LIG Assets plans to issue a stock dividend in LIG Entertainment to LIGA shareholders in the near future since this business is not part of its core real estate focus. The number of future projects and forecasts from this new business also warrants the need for a separate publicly traded Company.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a multi-faceted worldwide investment company that focuses on real estate, oil and gas, technology, and entertainment. 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).
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