LIG Assets, Inc. Signs Contract to Acquire Real Estate in Cripple Creek, CO.

May 02, 2013, 11:10 ET from LIG Assets, Inc.

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.

LIG Assets, Inc. (LIGA) trades on the pink sheets under the ticker symbol "LIGA". For additional information, please visit LIG Asset's corporate website:

Forward-Looking Statements

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Contact Information:
LIG Assets, Inc.
(214) 760-1000

SOURCE LIG Assets, Inc.