LIG Assets, Inc. Announces Formation of LIG Entertainment
Management, Inc., First Two Movies, and Plans for Stock Dividend
DALLAS, Jan. 10, 2013 /PRNewswire/ -- LIG Assets, Inc.
(OTCPK: LIGA) announced today that is has formed a new division
called LIG Entertainment Management, Inc. to assist with the
finance of movies in Texas. LIG Assets has been able to
receive guarantees utilizing State Grants to ensure return of funds
following completion of the films. Most states provide State
Grants and Tax Credits to encourage filming in its own state.
The first two movies are titled "The Water's Edge" and
"HOA's". "The Water's Edge" is currently in
pre-production. "HOA's" starring Daniel Baldwin, Mayra
Leal, and Kristin
Wojciechowski has completed pre-production and is currently
filming. Completion of filming for "HOA"s" is expected to be
wrapped by the end of January. All filming locations have
been identified and both will be filmed in the State of
Texas. "HOA's" is expected to be widely distributed and
released in theaters.
Jeff Love, CEO of LIG Assets,
Inc., stated, "We have been able to create a business that is
low-risk and high return in an industry that is usually high risk
for investment." He continued, "Even better, we have already
identified interested buyers for the films."
LIG Assets plans to issue a stock dividend in LIG Entertainment
to LIGA shareholders in the near future since this business is not
part of its core real estate focus. The number of future
projects and forecasts from this new business also warrants the
need for a separate publicly traded Company.
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
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
ir@pricetargetmedia.com
SOURCE LIG Assets, Inc.