LIG Assets, Inc. Enters Senior Care Industry
DALLAS, Nov. 30, 2011 /PRNewswire/ -- LIG Assets, Inc. (LIGA.PK) is pleased to announce its entry into the senior care industry as a developer through a non-wholly owned subsidiary, World SeniorCare Services, Inc. The new subsidiary has entered into a contract to purchase all of the lots in a 13 plus acre subdivision be created specifically for senior care living in Burleson, Texas. The entire project, when completed, will comprise 10 assisted living or memory care buildings and a common kitchen. The total development and construction costs of the project are expected to be near 20 million dollars expended over 2 years.
"LIG is going to bring its real estate experience to bear on developing smaller, easier to manage, cost effective resident homes for the rural community," noted Mr. Jeff Love, President and CEO of LIG. "And with our team, we are confident that this project will be efficient, wholesome and profitable. Our approach will set us apart from the competitors in this $35 billion dollar per year industry."
"The Burleson project will prove the effectiveness of our model," said Mr. Love. "Assuming the evidence is as positive as we believe it will be, expansion will be right around the corner."
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).
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