DALLAS, May 2, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA) announced today that it signed a contract to purchase a large commercial property in Cripple Creek, Colorado and expects the transaction to close within 30 days. The Property has attractive venues and is estimated at 50,000 square feet of revenue generating space. Additional details are planned to be released after closing.
CEO Jeff Love stated, "We plan to lease the property to a casino and/or hotel operator at terms that will benefit our tenant(s) while generating long term profits that benefit our shareholders. This is a property that can inspire increased tourism to the area."
Mr. Love added, "Large commercial real estate projects obviously take a lot longer to complete than the purchase or sale of a single family home. However, the potential profit and positive cash flow from multi-million dollar transactions is worth the wait."
LIG Assets, Inc. has a mission is to provide companies the ability to grow fast without encountering major delays and impediments. This commitment holds true for real estate transactions.
About LIG Assets, Inc.
LIG Assets, Inc., (LIGA) based in Dallas, TX, is a Company focused on residential and commercial real estate. Through our Strategic Alliance with Texas Real Estate Hedge Fund, MMR Realty Advisors, and InterContinental Real Estate Partners, LIG Assets will expand its focus on multifamily, retail, hotel, and office properties with valuations between $3 and $100 million.
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 and disclosures at www.OTCmarkets.com.
LIG Assets, Inc.
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