DALLAS, Feb. 18, 2014 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA) subsidiary LIG Entertainment Management Inc. announces a movie it helped finance last year, "H.O.A. Havoc", has completed post production and is now available for sale to a distributor. Although LIG Assets expects to profit from its investment in the film, the Company does not have plans to pursue any further deal flow in this business sector and will focus on its core business in commercial and residential real estate. Proceeds from the sale will be used to reduce debt, and if the proceeds allow, repurchase of Company shares in the market.
The movie was produced by LIG Entertainment Management, Inc. in association with Legacy Film Studios of Texas and Back in the Saddle Productions, LLC (BITS). Early last year, LIG Assets formed the subsidiary to assist with the finance of low budget movies with the assistance of state grants established to encourage filming in its home state of Texas.
The film features Daniel Baldwin (Vampires, Homicide, Hawaii Five O), Jesse Borrego (Blood in Blood Out, Con-Air, Colombiana), Mayra Leal (Machete, Southland, Asylum), and European fitness girl Kristen Wojciechowski. "HOA Havoc" is a film in the comedic vain of Caddy Shack and Animal House. Written by newcomer, John Quest, the story follows Lucky Bets and his fellow "new" HOA board members in their madcap attempts to not take the blame for money missing from the HOA bank account. To view additional film information, visit: http://www.imdb.com/title/tt3143714/?ref_=rvi_tt.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a Company focused on residential and commercial real estate. Through its alliances with hedge funds, mortgage brokers, and hard money lenders, LIG Assets plans to expand its residential portfolio and increase commercial property transactions. LIG Assets, Inc. currently 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 at www.OTCMarkets.com.
SOURCE LIG Assets, Inc.