LIG Assets, Inc. Announces Share Buyback Program
DALLAS, Oct. 4, 2012 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA), a multi-faceted investment Company focused on real estate, announces the execution of a stock buyback program for its shares traded under the symbol LIGA, subject to market conditions, with purchases to be made out of ongoing positive cash flow from operations. Under the program, the Company may acquire up to 20,000,000 shares at prices up to .10 per share over the next 180 days.
The timing and exact number of shares purchased will be at the Company's discretion.
The buyback of shares may occur in the open market, negotiated or block transactions. The Company does not intend to repurchase any shares from its management team or other insiders. This stock buyback program does not obligate the Company to acquire any specific number of shares and may be suspended or discontinued at any time.
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).
LIG Assets, Inc.
SOURCE LIG Assets, Inc.
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