NASHVILLE, TN, Feb. 05, 2018 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (LIGA) (also known as the "Leader in Green Assets" or "LIGA"), is proud to announce the Company has received in excess of $450,000.00 in cash deposits for the month of January 2018 – marking increases in net deposits for the Company almost every month since new management assumed corporate and operational control of LIG Assets, Inc., in early 2017. LIGA anticipates this trend of increasing monthly revenue growth continuing steadily for the foreseeable future and well beyond 2018 as the Company continues to move forward with its business plans and achieving its objectives.
LIG Assets also announces that the company’s Chief Financial Officer, Douglas Vaughn, is working with a Tax and Auditing firm to complete LIGA’s corporate filings for Fiscal 2017 in addition to completing a full review and if necessary update the filings for fiscal years 2016 and 2015. The engaged firm is registered with the Public Company Accounting Oversight Board (PCAOB). This is the next step towards becoming a fully reporting company. Vaughn states, “As detailed in numerous official Company statements and releases, LIGA has no plans to reverse split the stock or engage in any dilution of Company stock until the share price reaches and holds for at least 30 days a common share price of 5 cents or no sooner than 3 years – this of course is a huge safety net for all LIGA shareholders.”
The Public Company Accounting Oversight Board (PCAOB) is a private-sector, nonprofit corporation created by the Sarbanes–Oxley Act of 2002 to oversee the audits of public companies and other issuers in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports. The PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws and to promote investor protection. The Sarbanes-Oxley Act requires that auditors of U.S. public companies be subject to external and independent oversight with four primary functions in overseeing these auditors: registration, inspection, standard setting and enforcement.
LIG Assets’ Chairman of the Board, Aric Simons, states, “LIGA’s monthly revenue growth is based on a solid foundation that ensures sustained success as our business plan continues to be implemented with outstanding results. Management has strategically invested our available resources in a manner that maximizes the return without mortgaging the future financial well-being of the Company. Further, one of our top priorities is to become a fully reporting entity in anticipation of transcending out of the pink sheets into a market with higher accountability standards. Our management sees no reason to wait as we continue to execute our business plan. Our core business and all of our subsidiaries are working hand in hand so that we can realize economies of scale through vertical and horizontal integration. And as always, our investors and shareholders have once again proven that they represent our greatest asset. Our base combined with the top-tier management group that I witness executing their duties at the highest level on a daily basis gives me reason to believe that LIGA is a special, unique company that will grow for years to come in a way unseen in this market.“
The Company’s planned phase 1 of the residential subdivision development project to construct a total of 42 upscale single family residences in Davidson and Williamson Counties, Tennessee is preceding ahead of schedule and the Company will provide a more detailed progress update in the very near future. LIGA’s management team continues to negotiate future development opportunities with investors, developers and partners.
As stated in the Company news release on February 1st, LIG Assets has already closed on the $1,000,000.00 total purchase price with $150,000 submitted on the closing date. The properties deed was procured with a structure that ensures financial success of the development. Phase 1’s projected gross revenues upon completion of the 42 unit upscale residential subdivision is expected to exceed $28 million dollars with individual homes priced between $599k to $1 million+. Total projected gross profit for just the undeveloped land parcels is $7,100,000.00. In addition, LIGA Homes has the option to procure the adjacent 30 acre lot with identical terms. More information about the Brentwood Development project can be found in the previous press release, see link:
Also, more information about LIGA Homes was in our following newsletter, see link, that was released last week;
https://mailchi.mp/80c95317b939/news-update-today-liga
For more information, you can visit our Company’s website www.LIGAHomes.com
About LIGA Homes:
LIGA Homes unique residential and commercial developments utilize specially designed and manufactured recycled "element resistant" steel framing, in addition to toxic free magnesium oxide building materials and panels that are 100% mold, fungus, termite and rot resistant and fire resistant against temperatures up to 3500 degrees Fahrenheit as well as famed environmentalist Robert Plarr's exclusive "maximum rated" R-60 insulation -- combining to create disaster resistant materials and structures that can withstand up to a 7.5 magnitude earthquake and sustained gale force winds up to 175 MPH while negating damage caused by rain and flood exposure. With the addition of Plarr's green and renewable systems and products, LIGA Homes is now capable of providing affordable, fully sustainable and disaster resistant living environments – LIGA Homes is at the forefront of this new and improved direction for the green, sustainable and construction sectors.
For more information about LIGA Homes visit - www.LIGAHomes.com or contact the Company directly at 833-LIGAHOMES
General inquiries: ContactUs@LIGAHomes.com
About LIG Assets, Inc.
LIG Assets, Inc. in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable and disaster resistant homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA."
For additional information about LIG Assets, Inc., Robert Plarr, and/or how to purchase our exclusive homes, structures, products and technologies or to subscribe online to LIGA's free Shareholder Newsletter for regular updates and alerts regarding important Company developments Please visit the Company's website at www.LeaderInGreenAssets.com -- also follow LIGA at Twitter.com/LIGAssets.
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 on file at www.OTCMarkets.com.