DALLAS, May 15, 2013 /PRNewswire/ -- South American Properties, Inc. (OTCPK: SAMP), announced that its symbol has been changed effective today from THCB to SAMP to better reflect the recent name change. It was recently announced that controlling interest of THCB was sold to LIG Assets, Inc. (OTCPK: LIGA). South American Properties will focus on the acquisition and development of real estate properties located in South America.
South American Properties announced plans for its first real estate project earlier in the month in the country of Peru. Although this entity will focus on opportunities in South America, it may enter into real estate projects in Latin America, Mexico, or island countries in the Caribbean. Based on existing contacts and projects under review, management believes there are tremendous opportunities for profit outside The United States.
LIG Assets (OTCPK: LIGA) expects to discuss how this independent acquisition will benefit LIGA shareholders in the near future.
About South American Properties, Inc.
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.
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 Assets corporate website: www.ligassetsinc.net.
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.
South American Properties, Inc.
SOURCE South American Properties, Inc.