LIG Assets, Inc. Reaches Agreement with SuiteMagic for In-Room Technology Services in Hospitality Industry

LIG Assets, Inc. Gains 50% Ownership Interest in SuiteMagic, Inc.

Sep 14, 2011, 06:45 ET from LIG Assets, Inc.

DALLAS, Sept. 14, 2011 /PRNewswire/ -- LIG Assets, Inc. (OTC:  LIGA) provides seed capital for investment projects. The Company maintains control over the project development and management during the venture launch, acquisitions, and/or divestitures through ownership interest.

LIG Assets has partnered with SuiteMagic, a company based in Ontario, Canada, and focused on the delivery of enhanced television suite offerings in the hospitality industry.  LIG Assets has gained a 50% ownership interest in a new US company, named SuiteMagic, Inc., formed with core management in Canada to carry its products and services to new markets.

SuiteMagic is a technology entertainment services company providing revenue enhancing opportunities to the hotel/hospitality industry through internet-based TV and Cable programming, interactive game content, and goods and services. Monetizing the exploding consumer trend towards a fully integrated Internet/TV experience makes good financial sense for hotels.

SuiteMagic's Interactive TV features an enhanced television suite of offerings combining the best of HD TV, the Internet, PC functionality and VoD along with a versatile selection of guest amenity modules in an easy to use solution.  The set provides 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.

  • The SuiteMagic dynamic service provides a platform that can be expanded as the client's needs change.
  • The "In Room Advertising" option provides the hotel with an additional source of revenue.
  • Pay per View Movies are provided with PVR.
  • 30 Mgbs of secured Wireless and Hard Wired Internet are provided.
  • The guest receives unlimited Long Distance to 25 countries.
  • An in room menu ordering and online ordering service enhances the hotels revenue.
  • On demand GPS housekeeping service deliver more timely resolutions to housekeeping responsibilities.

The hotel market is increasingly competitive.  SuiteMagic allows the hotel to deliver amenities ahead of the curve for both leisure and corporate guests.  Providing the highest level of services delivers a Best in Class experience for in-room technology.  Guests benefit from the increased functionality and amenities SuiteMagic offers.

"I look forward to the opportunity to increase shareholder value for LIG Assets through the Company's dynamic growth process in partnering with companies on the cutting edge of their industry.  SuiteMagic's platform provides revenue enhancing innovative service the hotel and hospitality market can deliver to their guests which simultaneously provide the experience advantage so crucial in the competitive hotel industry today, "said Jeff Love, LIG Assets President.

About LIGA

LIG Assets, Inc. (OTCPK: LIGA) focuses on income-producing opportunities in commercial and residential real estate and the overseas oil and gas production sectors. The company acquires, develops and sells real estate properties and investment properties that are currently located throughout the US. LIG is active in the energy market and is currently focused on international oil and gas exploration and development.

For additional information, please visit LIG Assets' corporate website: www.ligassetsinc.net.

Safe Harbor Statement: This press release contains forward-looking statements that involve risks and uncertainties. The statements of this Summary Overview are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

CONTACT: LIG Assets, Inc., 214-760-1000

SOURCE LIG Assets, Inc.



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