DALLAS, May 6, 2013 /PRNewswire/ -- LIG Assets, Inc.
(OTCPK: LIGA), a Company focused on residential and commercial real
estate, announces that the following update on its division, LIG
Entertainment Management, Inc. Based on initial interest from
several parties in its "two film" movie deal, parent Company LIG
Assets, Inc. estimates that it will enjoy profits of over
$1 million, and the number is likely
to surpass the total market capitalization of LIG Assets stock
based on its most recent closing price.
On January 10, 2013, LIG Assets
announced it had formed a new subsidiary to assist with the finance
of low budget movies with the assistance of State Grants
established to encourage filming it its home state of Texas.
Even though this division is not the focus of LIG Assets and will
not be in the future, it appears that it is now positioned to
generate a strong return from the production of two feature length
films.
LIG Entertainment Management, Inc. in association with Legacy
Film Studios of Texas and Back in
the Saddle Productions, LLC (BITS) has wrapped principal
photography on their independent feature "HOA The Movie" in the
greater San Antonio, Texas area.
This is the first of a "two film" deal. Their second feature,
"The Water's Edge", with only a few more days of filming, is also
already into post-production. All post-production services are
being handled by Bauhaus Media Group of San Antonio. Edwin Licona of Emerge
Filmworks has signed on to consult on distribution and
marketing.
These new films feature Daniel
Baldwin (Vampires, Homicide, Hawaii Five O),
Jesse Borrego (Blood in Blood
Out, Con-Air, Colombiana), Mayra
Leal (Machete, Southland, Asylum), and European
fitness girl Kristen Wojciechowski
making her feature film debut. Both pictures are scheduled to be
available for release by this summer (2013).
"HOA The Movie" is a film in the comedic vain of Caddy
Shack and Animal House. Written by newcomer,
John Quest, the story follows Lucky
Bets and his fellow "new" HOA board members in their madcap
attempts to not take the blame for money missing from the HOA bank
account. Having been set up by the "old" board to take the
hit for their wrongdoing, Lucky and his band of misfits must come
up with a con of their own to get even and stay out of jail.
John Quest is also credited as co-director for the film.
http://www.dailymotion.com/video/xwzfgx_hoa-the-movie_news#.UYeoNLGDdQk.email
"The Water's Edge" is a project previously produced, that LIG
Entertainment is resurrecting, restructuring and redirecting to
bring it back to life and into the marketplace. This film is
believed to have significant merit, but for one reason or another
was unfinished or an unfulfilled project. "The Water's Edge"
is based on an original award winning script about a family beat
down by a series of traumatic events. The dark tone of the
story and some of the technical limitations due to budgetary
restraints ultimately bogged the project down.
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 also owns LIG Entertainment
Management, Inc., a division formed to help finance low budget
movies filmed in the State of
Texas.
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.
Contact:
LIG Assets, Inc.
(214) 760-1000
www.ligassetsinc.net
SOURCE LIG Assets, Inc.