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.
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 Information:
South American Properties, Inc.
(214) 760-1000
SAPropIR@roadrunner.com
SOURCE South American Properties, Inc.