DALLAS, Feb. 18, 2014 /PRNewswire/ -- LIG Assets,
Inc. (OTCPK: LIGA) subsidiary LIG Entertainment Management Inc.
announces a movie it helped finance last year, "H.O.A. Havoc",
has completed post production and is now available for sale
to a distributor. Although LIG Assets expects to profit from
its investment in the film, the Company does not have plans to
pursue any further deal flow in this business sector and will focus
on its core business in commercial and residential real
estate. Proceeds from the sale will be used to reduce debt,
and if the proceeds allow, repurchase of Company shares in the
market.
The movie was produced by LIG Entertainment Management, Inc. in
association with Legacy Film Studios of Texas and Back in the Saddle Productions, LLC
(BITS). Early last year, LIG Assets formed the subsidiary to
assist with the finance of low budget movies with the assistance of
state grants established to encourage filming in its home state of
Texas.
The film features 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. "HOA
Havoc" 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. To
view additional film information, visit:
http://www.imdb.com/title/tt3143714/?ref_=rvi_tt.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas,
TX, is a Company focused on residential and commercial real
estate. Through its alliances with hedge funds, mortgage
brokers, and hard money lenders, LIG Assets plans to expand its
residential portfolio and increase commercial property
transactions. LIG Assets, Inc. currently 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 at
www.OTCMarkets.com.
Contact Information:
LIG Assets, Inc.
1700 Pacific Ave. Suite 2600
Dallas, TX 75201
Email: Richard@ligassetsinc.net
Investor Relations: IR@pricetargetmedia.com
Phone: 214-760-1000
SOURCE LIG Assets, Inc.