South American Properties announces a Construction update on the Colan Marina Project in Peru

DALLAS, June 13, 2013 /PRNewswire/ -- South American Properties (OTCPink: SAMP), a Company focused on commercial real estate opportunities focused in South America, is proud to announce our first project the Colan Marina in Peru has completed the initial blueprinting and the survey work of the work site and architectural drawings have been completed for the first two Phases of the project. An exciting opportunity has arisen for South American Properties in recent weeks to purchase additional land tracks adjacent to the existing property that has been purchased which will allow for further expansion of the community in the future. The company plans on announcing the official ground breaking of the project soon. President and CEO Jeffrey Love stated, "We are pleased the project is moving forward and that the $30 million dollar Phase I part of the project will fill the need for a high-end secure Marina facility that is currently not available in the country of Peru."

South American Properties has just has embarked on Phase I of the Colin Marina Complex: A $30 million dollar full service luxury marina called Colan Marina near the port of Paita in northern Peru. Colan Marina will be a planned full service marina and lake with 150 slips, dry dock facilities, maintenance and fuel service and full 24-hour security. A rock jetty will be constructed to calm any waves allowing a smooth entry into the canal and marina. The marina will be land locked and secure from weather. Plans call for a small draw bridge that will allow traffic along the beach when boats are not entering. The marina will be a man-made construction to be created by excavation of a salt flat bordering the emerald bay beach on the west and 100-foot cliffs on the east. A canal 24-meters wide and 200-meters long will connect the marina from the Pacific Ocean. It will be connected to electric and water services.

Phase II of the project also includes a Marina Club, Casino, Bar, Hotel, Retail Stores, Night Clubs, Yacht Club, a Convention Center as well as apartments and condos for sale and rent.

In an effort to provide the shareholders with more transparency we have launched a website for South American Properties at http://www.southamericanpropertiesinc.com/. The website will showcase South American Properties projects and also has a section with photographs of the project.

South American Properties has updated information at OTCMarkets.  The page can be found viewed at http://www.otcmarkets.com/stock/SAMP/.  The purpose of this exercise was to provide SAMP shareholders more transparency and confidence.

Colan is the entrance to the beaches of the north of Punta Sal, Mancora and Tumbes where there is surfboarding, swimming and fishing, and could be a day-and-one-half sail to Ecuador. It's additionally the entrance to the famed Galapagos Islands a 2-to-3-day sail from Colan. Piura is that the nearest main town of northern Republic of Peru and is thirty miles away with business field facilities and immigration officers to receive international flights. it's a one-hour-and-twenty-minute flight from capital city of Peru Lima.

About South American Properties

South American Properties, Inc., formerly Texas Hills Barbecue, Inc., is a Nevada Corp. based in Dallas, Texas, that plans to acquire and develop real estate properties, and other income generating assets located in South America with a more specific focus on the country of Peru.  The Company believes significant opportunities exist in the countries of South America, and it plans to leverage its close relationships with contacts in the region.  South American Properties may also enter into real estate projects in Latin America, Mexico, or island countries in the Caribbean. 

South American Properties, Inc. (OTCPink: SAMP) trades on the pink sheets under the ticker symbol "SAMP". For additional information, please visit South American Properties Corporate website at:  http://southamericanpropertiesinc.com/

About LIG Assets, Inc.

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

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 and disclosures at www.OTCmarkets.com.

Brittany Freeman
LIG Assets, Inc.
Phone: (214) 760-1000
www.southamericanpropertiesinc.com

SOURCE South American Properties, Inc.