DALLAS, Feb. 3, 2012 /PRNewswire/ -- LIG Assets, Inc. (LIGA.PK) is pleased to announce that it will pay a dividend to its shareholders due on or before February 28, 2012. All shareholders of record on the company's books on or before February 15, 2012 are entitled to the dividend.
The dividend shall be in the form of shares in its subsidiary, Suite Magic, Inc., in a ratio of one share of SuiteMagic, Inc. for each three shares of LIG owned.
"We could not be happier for our shareholders," said Jeff Love, President of LIG. "This is an early step for LIG to broaden its options and enhance its future as an engine to build wealth through equity for them. Because the up-side for SuiteMagic is so promising, we wanted to make this move now."
The subsidiary, which focuses on the delivery of enhanced television suite offerings in the hospitality industry, is expected to generate more than $3 million in equipment placements and sales this year.
By providing revenue enhancing opportunities to the hotel/hospitality industry through internet-based TV and Cable programming, interactive game content, and goods and services, using SuiteMagic's blend of hardware and software to monetize the exploding consumer trend towards a fully integrated Internet/TV experience makes good financial sense for hotels.
About LIG Assets, Inc.
LIG Assets, Inc. (LIGA.PK), is in the early stages of anticipated growth, arising from its business focus on arranging the purchase and finance of real estate and oil and gas investment transactions for others and on its own account.
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.