DALLAS, Feb. 29, 2012 /PRNewswire/ -- LIG Assets, Inc. (Pinksheets:LIGA.PK) is pleased to announce delivery of a $1 million facility to lease equipment for it subsidiary, SuiteMagic, Inc. SuiteMagic is a technology entertainment services company providing internet-based TV and Cable programming, interactive game content, and goods and services.
"With this backing from our parent, we can get up to speed fast in the next phase of our business plan," said John Buckle, SuiteMagic's President. "We want to thank U-214, Inc. for its faith in our company and our 'to-market' planning."
U-214, Inc. is an Ontario-based software services, technology and leasing firm that is providing the credit line to Suite Magic with the backing of LIG.
SuiteMagic will deploy hardware and software to create an enhanced television suite of offerings that combine the best of HD TV, the Internet, PC functionality and VOD. The product provides hotel guests with an all-encompassing in-room experience while allowing hoteliers to monetize the rapidly growing consumer trend towards a truly Internet-integrated TV experience.
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, oil and gas investment and investment transactions for others and on its own account.
For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.
LIG Assets, Inc.
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.