LIG Assets Subsidiary SuiteMagic Adds Two Veteran Executives to Management Team

DALLAS, Dec. 5, 2012 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA) announces today that it has hired two key executives for its SuiteMagic subsidiary. Brooks Pickering will join the company as its President and Faith Parks will take the role of Vice President of Sales.  Jeff Love, LIG's Founder and CEO, will continue in his role as Chairman and CEO of SuiteMagic, Inc., however, daily management responsibility will pass to Mr. Pickering.  Ms. Parks will be responsible for the execution of the company's nationwide sales strategy.

Mr. Pickering is the creator of SuiteMagic's unique hospitality and digital media platform and has been instrumental in the development of the company's overall strategy.  Prior to working with SuiteMagic, Mr. Pickering had served as either President, COO or CEO of six public and private companies. 

Most recently, Mr. Pickering was President and CEO of Kelley Technologies, the largest commercial hospitality integrator in the United States.  His extensive hospitality background includes his education (Cornell University School of Hotel Management), management training (Hyatt), design (Hyatt, Marriott, St. Regis, Four Seasons), development (Loews, Peninsula) and consulting (Cosmopolitan of Las Vegas).  Mr. Pickering is also an industry leading developer of cutting-edge digital and social media platforms. 

Ms. Parks joined the SuiteMagic team in November and brings many years of sales and operations experience to the company.  As a successful entrepreneur, she built one of the most dynamic design firms in California.  Ms. Parks has senior level sales experience with national clients that include Kaufman and Broad, Taylor Woodrow and Indigo Hotels.  As an expert team builder, she has already been instrumental in developing the company's regional sales plan and building its sales team. 

LIG Assets CEO Jeff Love stated, "We maintain that our technology provides a quantum leap in quality and experience over existing systems now in place at most hotels and motels."  He continued, "With the addition of Brooks Pickering and Faith Parks, we now have a seasoned management team in place capable of building SuiteMagic through a period of anticipated hyper-growth."

About LIG Assets, Inc.

LIG Assets, Inc., based in Dallas, TX, is a multi-faceted worldwide investment company that focuses on real estate, oil and gas, technology, and entertainment. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA".

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

About SuiteMagic, Inc.

SuiteMagic is a technology entertainment services company providing internet-based TV and Cable programming, interactive game content, and goods and services.  It 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. 

For additional information concerning SuiteMagic, Inc., please visit www.suitemagic.net or www.msuitesinc.com. 

Forward-Looking Statements

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).

Contact Information:
LIG Assets, Inc.
(214) 760-1000
[email protected]

SOURCE LIG Assets, Inc.